Revolut, a global financial super app serving over 45 million customers worldwide and 9+ million customers in the UK, is thrilled to announce that it has been authorized as a UK bank subject to restrictions. This significant milestone marks an important step in Revolut's journey to launch its bank to customers in the UK.

As part of this authorization, Revolut will enter a "mobilization" period, a common regulatory phase for new banks. During this time, the company will complete the setup of its banking processes and infrastructure before starting full operations as a UK bank.

What This Means for Customers:

During this mobilization period, Revolut customers will experience no changes to their current accounts. All existing products and services will continue to operate as usual, ensuring a seamless experience. Revolut remains committed to safeguarding customers' money with the same high standards it has always maintained.

Revolut will provide regular updates as it progresses through the mobilization period. Customers can look forward to more information on the next steps and how their existing Revolut accounts will transition to UK bank accounts once the setup is complete.