Bank address: Konstitucijos ave. 21B, 08130 Vilnius, the Republic of Lithuania for local EUR, SWIFT inbound transfers and local GBP transfers.
Is Revolut a Lithuania bank?
Revolut Ltd, a British fin-tech company that offers banking services, has started shifting its customers to its Lithuanian entity Revolut Payments UAB, which is a e-money institution licensed and regulated by the Bank of Lithuania, as it prepares for UK’s exit from the European Union.
What is the bank name for Revolut?
The bank name is Metropolitan commercial Bank.
Can I use Revolut as a bank account?
Revolut is a company that has a payment and banking app with many features and offers a prepaid debit card that can be used for purchases and ATM withdrawals anywhere in the world. … Revolut is not a bank in the UK, where most of their client’s accounts exist.
Why is Revolut based in Lithuania?
In an effort to mitigate the regulatory and business uncertainty and ensure smooth continuous provision of services, in March 2020 Revolut announced that all customers in Central and Eastern Europe are being moved to their new European entity in Lithuania – Revolut Payments UAB.
Are all Revolut accounts in Lithuania?
After Brexit, the company moved its license from the UK to Lithuania in order to continue operating in European markets. However, Revolut has also applied for a UK banking license to improve its profitability.
Is Revolut bank worth joining?
Joining the bank is completely optional, so you don’t have to do it. … However, we highly recommend that you do join the Bank – it’s completely free allows you to enjoy deposit insurance and access our new Credit services (personal loans, credit cards).
What is the SWIFT code for Revolut?
SWIFT Code REVOGB21 – REVOLUT LTD
|SWIFT Code||REVOGB21 Click to Copy Send by e-mail|
What’s the difference between BIC and SWIFT?
What’s the difference between BIC and SWIFT codes? SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It’s a global network for processing payments between countries. BIC stands for Bank Identifier Code, which refers to the set of digits you can use to send international payments.
What is IBAN number Lithuania?
In the Lithuanian banking sector, the IBAN number is composed of 20 alphanumeric characters. The IBAN in Lithuania has the following structure: LT60 1010 0123 4567 8901. LT. Two letters – country code (ISO 3166)
Can you trust Revolut?
Yes, Revolut is a legitimate company and a secure option to send money abroad. The company is authorized by the Financial Conduct Authority (FCA). … Rates and fees often change, so for the best deal, make a comparison before every transfer — they may have changed since you last sent money.
Is money safe with Revolut?
Revolut is not a bank but is allowed to hold on to your money as something known as an “e-money” instituon. … Money held with a bank is covered by the Financial Services Compensation Scheme (FSCS) and if the bank goes under then your cash is protected up to £85,000.
Is Revolut a real bank?
Although we do have a banking license, we’re not yet a full-fledged bank in the UK, but an e-money institution (fintech). We intend to acquire a UK banking license in the future, as well as licenses in many of the other regions in which we operate.