Revolut Bank UAB

Revolut Bank UAB is the Lithuanian banking subsidiary associated with the Revolut financial-services group. It operates under a banking licence issued in Lithuania and serves eligible customers in the European Economic Area. The entity is distinct from the broader Revolut technology and financial-services group, whose products may also be delivered through other regulated companies depending on a customer's country and the service involved. The bank's role is principally connected with regulated banking services, including customer accounts, deposits, payment-related services and lending. Deposits held with the bank are subject to the applicable Lithuanian deposit-guarantee framework, within the limits and conditions established by law. Other Revolut services, such as card issuing, foreign-exchange products, investment services or insurance distribution, may be provided by separate group entities or third-party partners rather than by Revolut Bank UAB itself. Revolut Bank UAB emerged from Revolut's expansion from an electronic-money and payments business into full banking. A banking licence enabled the group to offer a broader range of services in the EEA and to place qualifying customer deposits within a regulated credit-institution framework. The bank's authorisation and supervision involve Lithuanian and European banking authorities, while its customer proposition is integrated into Revolut's digital application rather than marketed primarily as a traditional branch-based bank. The institution is headquartered in Vilnius and forms part of Revolut's wider cross-border operating structure. Its significance lies less in a standalone consumer brand than in its function as regulated infrastructure behind Revolut's European banking proposition. The Revolut name, mobile application and customer interface are shared across the group, while the legal entity contracting with a customer can vary by residence, product and regulatory requirement. No public listing or standalone stock-market ticker is associated with Revolut Bank UAB.

Revolut Bank UAB is part of Revolut's development from a mobile foreign-exchange and payments application into a broader digital banking group. Revolut initially operated in Europe through regulated payments and electronic-money entities. That structure supported services such as payment accounts, cards and currency exchange, but it did not by itself provide the same legal status as a bank for all products and jurisdictions. To broaden its European banking capabilities, Revolut established and developed a Lithuanian banking entity. In December 2018, the European Central Bank announced that Revolut Bank UAB had received a specialised banking licence. The authorisation was granted within the European banking-supervision framework and was connected to Lithuania's role as the entity's licensing jurisdiction. As with other supervised banks, the licence did not mean that every Revolut product was automatically supplied by this entity; the group continued to use different legal entities for different services and markets. The Lithuanian bank became strategically important after the United Kingdom's departure from the European Union, which made an EU-based banking structure more significant for Revolut's customers in the European Economic Area. Revolut subsequently began migrating or offering eligible customers banking services through Revolut Bank UAB. In 2022, the company announced that the bank was live in a number of Western European markets. The move gave qualifying customers access to a banking relationship with the Lithuanian entity and associated deposit-protection arrangements, subject to local eligibility, product terms and applicable law. Revolut Bank UAB operates as part of a digitally integrated group. Customers generally interact with the Revolut application rather than with branches, and the group presents a unified consumer proposition even when several regulated entities are involved behind the interface. Accounts, cards, transfers, savings, lending, investments and insurance-related services can therefore have different legal providers depending on the customer's location and the product selected. The bank's business is focused on regulated account and banking activity in the European Economic Area. Its role includes supporting deposits and lending, while payment processing, card issuance and other financial services may involve affiliated entities or external partners. The institution is supervised through Lithuania's banking framework and the European Central Bank's supervisory arrangements, with Lithuanian authorities also responsible for relevant national functions. Revolut Bank UAB remains an operating subsidiary rather than a separately listed company, and publicly available group information generally describes its activities in the context of Revolut rather than as an independently branded bank.

• 2022

  Banking services rolled out across Western Europe

  [2]Revolut Bank is now live in 10 Western European marketsrevolut.com

  Revolut announced that its Lithuanian bank entity had become available in ten Western European markets, enabling eligible customers to use a bank-account structure within the Revolut app.

• 2018

  Specialised banking licence granted

  [1]ECB Banking Supervision: ECB grants banking licence to Revolut Bank UABbankingsupervision.europa.eu

  The European Central Bank announced the grant of a specialised banking licence to Revolut Bank UAB, supporting Revolut's planned expansion into regulated banking services from Lithuania.

A digital, app-based banking entity within the Revolut group, focused on scalable European Economic Area banking services rather than a conventional branch network.

• Retail banking

  Personal accounts

  App-based personal accounts for eligible European customers, supporting balances, transfers and everyday payment activity. The exact legal provider, features and availability depend on the customer's country and the terms presented in the Revolut application.

• Deposits

  Deposits and savings

  Deposit-related products connected with the bank's regulated activity. Eligible deposits held with Revolut Bank UAB fall under the applicable Lithuanian deposit-guarantee scheme within statutory limits, while product names and interest arrangements may differ by market.

• Consumer credit

  Personal lending

  Credit products offered to eligible customers through the Revolut ecosystem where available. Underwriting, pricing, eligibility and the responsible legal entity vary by country and regulatory requirements.

• Payments

  Payments and cards

  Account-linked payment functionality and cards presented through the Revolut application. These services may involve Revolut Bank UAB, affiliated regulated entities or card and payment partners depending on the customer's jurisdiction and product configuration.

• 2022

  Roll out the Lithuanian bank to Western European customersStrategy

  Background

  Revolut sought to expand the use of its EU banking entity and offer eligible customers a banking relationship with a deposit-taking institution rather than relying exclusively on an electronic-money structure.

  Action taken

  The company announced the launch of Revolut Bank services in ten Western European markets.

  Aftermath

  The rollout increased the practical importance of Revolut Bank UAB within the group's European operating model, although service availability and legal-entity arrangements remained country-specific.

  Source

• 2018

  Move into licensed European bankingStrategy

  Background

  Revolut's earlier European model relied substantially on electronic-money and payments authorisations. A banking licence offered a route to provide a broader regulated banking proposition and to support deposit-taking in the European Economic Area.

  Action taken

  Revolut Bank UAB obtained a specialised banking licence through the European banking-supervision framework, with Lithuania serving as its licensing base.

  Aftermath

  The entity became a central part of Revolut's European banking infrastructure and was later rolled out to customers in multiple Western European markets.

  Source

1. 1ECB Banking Supervision: ECB grants banking licence to Revolut Bank UABbankingsupervision.europa.eu
2. 2Revolut Bank is now live in 10 Western European marketsrevolut.com
3. 3Revolut Group legal and regulatory informationrevolut.com