Posts tagged as Revolut Bank

Revolut launches as a bank in Latvia

Monday, February 15, 2021

Global financial platform Revolut  has on February 15 operationalized its European specialized banking licence in Latvia, according to a release by Revolut. Customers in Latvia are now able to upgrade to Revolut Bank for additional services from within the app. Those who upgrade to Revolut Bank for additional services will now have their deposits protected under the deposit guarantee scheme. Revolut currently has more than 160,000 customers in Latvia, and more than 15…

Revolut Bank launches in Lithuania

Monday, May 4, 2020

Revolut Banking, a subsidiary of the British financial technology company Revolut, is launching banking services in Lithuania as of Monday. The company has been granted a specialised banking license and will offer bank accounts covered by Lithuania’s deposit insurance, Revolut said in a press release. The company already has over 300,000 clients in Lithuania who were using e-money services of Revolut Payments. All the clients will be able to transfer…