Revolut, the global fintech with more than 11 million UK customers, has extended access to its retail account for 16-17 year olds, giving them increased financial independence during some of their most formative years. 

From finishing exams to landing that first job or travelling with friends - this age marks a series of firsts in young people’s lives. With greater freedom comes the need for better tools to manage money responsibly. By giving access to its retail app to 16–17 year olds, Revolut is empowering young people to take control of their finances in a way that matches the independence they’re already experiencing. 

With access to most of Revolut’s key features, older teens can budget, track spending, and plan ahead — skills that will serve them for life. Graduating from the youngest offering, aimed at 6-15 year olds, these accounts grant more autonomy with less limitations and parental controls, growing with users at every step of their financial journey.  

Older teens will now be able to get their salaries paid into their account, budget with pockets and enjoy the same foreign exchange benefits when spending abroad, amongst many more. Certain services including investing and crypto trading will not be accessible, ensuring that their journey into financial adulthood starts on solid ground.

Carlo Spada, Head of Youth Products at Revolut said, “Whether they’re earning their first payslip, heading out without their parents for the first time, or saving for something important, we believe 16-17 year olds deserve access to some of the same powerful tools our adult customers rely on. Each feature is designed to help customers of all ages grow in money confidence and we’re pleased to now empower our younger customers even further as they prepare to head into adulthood.” 

At the same time, Revolut’s youth account — previously known as Revolut <18 — will now be labelled ‘Kids & Teens’ in the Revolut app. This account continues to service users aged 6-15 under parental supervision. For those existing account holders aged 16-17, they’ll be able to seamlessly switch to their new Revolut account directly in the app.