revolut lets customers switch to revolut bank in 10 additional countries
Revolut's Banking Expansion Across Europe
Revolut, a leading fintech startup, has held a European Union banking license since the end of 2018. This license enables the firm to provide a wider range of financial services independently, without reliance on external partnerships.
The company is now poised to extend Revolut Bank services to customers in ten additional countries. This expansion is facilitated by a specialized banking license granted by the Bank of Lithuania.
Current Banking Operations
Currently, Revolut leverages its banking license in Poland and Lithuania. The Lithuanian license, while not a comprehensive banking license, allows for specific financial activities.
In Lithuania, for example, customers are eligible to apply for credit cards with limits reaching twice their monthly income, capped at €6,000. Personal loans ranging from €1,000 to €15,000 are also available, with repayment terms spanning one to 60 months.
Expansion to New Markets
The ten countries set to gain access to Revolut Bank are Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia, and Slovenia. Transitioning existing accounts to Revolut Bank will involve a multi-step process.
Deposit Protection
Once the transition is complete, customer deposits will be safeguarded by the deposit guarantee scheme. This scheme provides protection of up to €100,000, covering both euro and foreign currency holdings, should Revolut Bank encounter financial difficulties.
Future Products and Growth
The introduction of new credit products is anticipated in these ten new markets. Revolut currently serves a substantial customer base of 15 million users. Furthermore, the company has initiated the process of applying for a banking license in the United Kingdom, its primary market and country of origin.
Early Stage Event Information
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Romain Dillet
Romain Dillet: A Profile of a Leading Tech Journalist
Romain Dillet served as a Senior Reporter for TechCrunch until April 2025. Throughout his tenure, he became a recognized authority within the technology sector.
Extensive Experience and Expertise
Having authored more than 3,500 articles, Dillet has cultivated a strong reputation as a key voice concerning European technology. His areas of expertise are broad, encompassing startups, AI, fintech, privacy, security, blockchain, mobile technology, social media, and the broader media landscape.
Dillet’s thirteen years with TechCrunch have made him a well-known figure in tech journalism. He began his career at the publication at the age of 21, consistently providing coverage of Silicon Valley and the tech industry.
Recognized Authority in the European Tech Scene
Currently based in Paris, Romain Dillet is widely regarded by many within the tech community as the most informed tech journalist in the city. His insights are highly valued.
Early Identification of Key Startups
A notable skill of Dillet’s is his ability to identify promising startups before they gain widespread attention. He was the first journalist to report on Revolut, Alan, and N26.
Furthermore, he has broken exclusive stories regarding significant acquisitions made by major companies including Apple, Microsoft, and Snap.
Technical Depth and Historical Perspective
Beyond his journalistic work, Romain Dillet is also a skilled developer. This technical understanding allows him to analyze the underlying mechanisms of new technologies effectively.
He also possesses a comprehensive understanding of the computer industry’s evolution over the last 50 years. This historical context enables him to connect innovations to their broader societal impacts.
Educational Background and Philanthropic Work
Romain Dillet is a graduate of Emlyon Business School, a prominent French institution specializing in entrepreneurship.
He actively supports several non-profit organizations. These include StartHer, which focuses on the education and empowerment of women in technology, and Techfugees, an organization dedicated to assisting displaced individuals through technology.