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activeFeaturedNeobankBusiness banking
- HQ
- London
- Fee
- Free personal
Revolut
Digital bank and e-money app. Licence depends on the entity.
Legal entity: Revolut Ltd (UK EMI, FCA FRN 900562) / Revolut Bank UAB / Revolut Bank UK Ltd (PRA/FCA FRN 981170, company 12871051). Product-dependent — read the entity on the statement.
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8.6Strong
AlternativesFive questions
At a glance
Is it a bank?
Yes — UK bank (eligible customers) (PRA / FCA). Still read the entity on the statement.
If it fails?
Eligible deposits at Revolut Bank UK Ltd: FSCS up to £120,000 per person (scheme cap from 1 Dec 2025; Revolut FSCS sheet). Revolut Ltd e-money is safeguarded, not FSCS (UK personal terms, 11 Dec 2025). New customers from 11 March 2026 may still be onboarded onto an EMI account with Revolut Ltd.
Salary?
UK bank product can take PAYE on a UK sort code. A Lithuanian IBAN is SEPA, not a UK salary account. Confirm the entity on the statement.
Open from abroad?
Video KYC. Residency-gated. The UK bank product is not the global e-money app. An App Store listing is not proof you can onboard.
Monthly fee
Free · Plus/Premium/Metal/Ultra paid
Account number
Lithuania (LT) IBAN at Revolut Bank UAB for EEA current accounts; UK sort code on the Revolut Bank UK Ltd product. They are not the same file.
NeoBankDB Verdict
Licence first · score second
8.6
/10 · Strong
The default comparison set for a reason. Treat the UK bank product and the e-money wallet as different legal objects, then Revolut wins most travel and multi-currency briefs. It is not the quietest home for a salary if you want a full-licence high-street feel — that is still Starling or Monzo in the UK.
What it is
Revolut started as a prepaid FX card in 2015 and spent a decade becoming a specialised bank in the EEA and, later, a UK bank for eligible customers. The consumer app still sells the original promise: hold many currencies, spend on Visa, move money cheaper than a high-street bank. Around that sit brokerage, crypto, credit, and business accounts — each with its own entity. This register scores the consumer money app, not every sleeve.
Best for: People who live in more than one currency and want one app for spend, FX, and extras.
Last checked 2026-08-01. Not advice.
What it does well
- +Best-in-class FX for travellers on paid plans
- +Product depth: bank, broker, crypto, cards, kids
- +UK bank licence closes the old EMI objection for eligible users
- +App polish that still leads the category
What to watch
- −Support quality does not match the feature list
- −Weekend FX and fair-usage ATM rules catch Standard users
- −Crypto and stock sleeves are not the bank
- −Feature set is so wide that account-type confusion is real
Legal entity, not the app icon
Who is behind it
- Legal name
- Revolut Ltd (UK EMI, FCA FRN 900562) / Revolut Bank UAB / Revolut Bank UK Ltd (PRA/FCA FRN 981170, company 12871051). Product-dependent — read the entity on the statement.
- Formerly
- Revolut NewCo UK Ltd was the mobilisation-stage name for the UK bank (same FRN 981170).
- Parent
- Revolut Group Holdings Ltd
- Founders
- Nik Storonsky (Co-founder & CEO, Revolut About). Vlad Yatsenko is the other co-founder.
- Offices
- Registered office for Revolut Ltd and Revolut Bank UK Ltd: 30 South Colonnade, London E14 5HX.
- If something goes wrong
- UK Financial Ombudsman Service on UK-regulated products (Revolut Ltd personal terms). Bank of Lithuania on the EU bank. FCA for payment-into/out complaints on the EMI.
Who holds the money
The account
- Platforms
- iOS · Android · Web
- Account types
- Personal · Joint · <18 · Business
- Partner bank
- Revolut Bank UAB / Revolut Ltd (product-dependent)
- Minimum balance
- £0 / €0
- Lowest monthly fee
- £0 Standard
- Who can open
- Individuals; Business is a separate entity
- Availability
- UK, EEA, AU, SG, US (limited), and more
- IBAN country
- Lithuania (LT) IBAN at Revolut Bank UAB for EEA current accounts; UK sort code on the Revolut Bank UK Ltd product. They are not the same file.
- Support
- In-app chat. Wait times are the known weak point.
- Hours
- In-app chat is the primary channel.
- Remote open
- Video KYC. Residency-gated. The UK bank product is not the global e-money app. An App Store listing is not proof you can onboard.
- Onboarding
- Video KYC plus proof of address. Some residencies are blocked.
- KYC documents
- Passport or national ID plus proof of address. Selfie / liveness.
- Minimum age
- 18 to open a personal account. 16–17 may be eligible with restrictions (Revolut Ltd personal terms, updated 11 Dec 2025). Revolut <18 is a separate product.
- Languages
- 30+ in-app languages
- Salary / payroll
- UK bank product can take PAYE on a UK sort code. A Lithuanian IBAN is SEPA, not a UK salary account. Confirm the entity on the statement.
- Local rails
- UK Faster Payments / sort code on the UK bank product; SEPA on the LT IBAN; local details in some corridors.
- ATM network
- Visa ATMs; fee-free up to the plan cap, then a markup
- Overdraft
- Credit / overdraft is a separate sleeve in select markets — not the current account
How money actually moves
- Who holds the cash
- Insured bank deposit
- How money moves
- IBAN / SEPA · UPI / INR · ACH / USD · Faster Payments · Crypto on-ramp
- Built for
- Personal · Freelancer · Travel
- Settlement
- Card auth in seconds
- Freeze risk
- Compliance holds on fiat ramps are common
- Card
- Revolut lists a physical card and a virtual card and a metal card on visa, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Eligible deposits at Revolut Bank UK Ltd: FSCS up to £120,000 per person (scheme cap from 1 Dec 2025; Revolut FSCS sheet). Revolut Ltd e-money is safeguarded, not FSCS (UK personal terms, 11 Dec 2025). New customers from 11 March 2026 may still be onboarded onto an EMI account with Revolut Ltd.
Who holds the money: Revolut Bank UAB / Revolut Ltd (product-dependent)
- PRA / FCAUK bank (eligible customers) · United Kingdom
- Bank of LithuaniaSpecialised bank · Lithuania / EEA
Fees
- Monthly
- Free · Plus/Premium/Metal/Ultra paid
- FX markup
- Fair-usage weekday mid-market; weekend markup on Standard
- ATM
- Fair-usage free, then 2%
- Interest
- Paid on Savings / Flexible Cash Funds (entity-dependent)
Features
- ✓IBAN
- ✓Fee-free core
- ✓Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- ✓Metal card
- ✓Crypto
- ✓Stocks
- –Business
- –Kids
- –Halal
- Multi-currency balances and local account details
- UK bank account with FSCS for eligible customers
- Stocks, ETFs, commodities
- Crypto buy/sell and crypto card spend
- IBAN (LT/EU) and UK sort code
- Metal and Ultra cards
- Vaults, joint accounts, <18
Editorial, not a live demo
Screenshots and video
Official YouTube · RevolutMedia is editorial context, not a live demo of the app. Screenshots go stale — read the licence first.
Before you tap Sign up
How to open
Step 1
Name the entity
UK bank (Revolut Bank UK Ltd, FRN 981170), Lithuanian specialised bank (Revolut Bank UAB), or UK e-money (Revolut Ltd, FRN 900562). The app icon is not the licence.
Step 2
Pass KYC
18+ (16–17 restricted). Proof of address and a live selfie. Some residencies are blocked even when the store listing is live.
Step 3
Check the number you get
LT IBAN is not a UK current account. UK sort code is the bank product for eligible customers. FSCS only applies once the balance sits at Revolut Bank UK Ltd.
Official help: help.revolut.com
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 8.2
- Fees20%
- 8.4
- Features15%
- 9.4
- App15%
- 9.2
- Global15%
- 9.6
- Support10%
- 6.8
Change log
Full logProduct
Crypto staking and earn SKUs reshuffled
Crypto inside a neobank app is a product, not a licence. Treat it as an exchange sleeve.
Product
Crypto staking and earn SKUs reshuffled
Crypto inside a neobank app is a product, not a licence. Treat it as an exchange sleeve.
Fees
Weekend FX markup still on Standard
The mid-market pitch is plan-gated. Standard retail FX at weekends is the gotcha we keep scoring.
Fees
Weekend FX markup still on Standard
The mid-market pitch is plan-gated. Standard retail FX at weekends is the gotcha we keep scoring.
Available in
Straight answers
FAQ
01Is Revolut a bank?
Revolut is filed as UK bank (eligible customers). The named regulator is PRA / FCA. Still read the entity on the statement before you send money.
02What happens to money in Revolut if it fails?
Eligible deposits at Revolut Bank UK Ltd: FSCS up to £120,000 per person (scheme cap from 1 December 2025). Revolut Ltd e-money is safeguarded, not FSCS.
03What does Revolut charge each month?
The monthly fee on this file is Free · Plus/Premium/Metal/Ultra paid. Fees change — open the operator's pricing page if it is linked.
Ratings and reviews
4.3 / 5 from 3 published reviews on NeoBankDB.
Priya S.
India· 2026-08-27NeoBankDBWorks in India for travel. Do not treat it as a local salary bank.
James T.
United Kingdom· 2026-08-27Verified userUK bank details finally made salary work. Weekend markup on Standard is the gotcha.
Maya K.
United Kingdom· 2026-08-27Verified userFX on Premium is still the reason I keep it. Support is slow; the app is not.
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From NeoBankDB
Note17 Sept 2026 · 6 min
Zero-forex and travel cards
Travel is a tariff, not a charter. Scapia is a Federal Bank credit card. Niyo Global is a partner-bank forex SKU. Wise is an EMI. Revolut is a UK bank for eligible customers and an EMI wallet elsewhere. Put them on one page so a search for “zero forex card” does not land on a clone shop.
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Revolut’s UK bank is live. Your app might still be an EMI.
The licence changed. The product graph did not get simpler. Check the entity on the statement.
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Safety 25, fees 20, features 15, app 15, global 15, support 10. Why those weights, and what a 9.0 actually means.
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Read the note