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Revolut gets full UK banking licence after years-long wait
Revolut will offer retail and business accounts with Financial Services Compensation Scheme protection for deposits up to £120,000, enabling lending and new financial products.
- On March 11, 2026, regulators lifted restrictions on Revolut's UK banking licence, allowing Revolut Bank UK Ltd to launch as a fully authorised bank with current accounts for retail and business customers.
- Since 2024, Revolut operated under a restricted banking licence after a three-year wait and a mobilisation phase, delaying full UK banking authorisation despite holding EU approval.
- Current accounts will start rolling out to select new customers within days, with gradual expansion over the coming weeks and lending and balance-sheet products enabled by the full licence.
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65 Articles
Revolut finally secures full UK banking license as it continues global push
After four years of trying, Revolut has finally secured a full banking license to form Revolut Bank UK, just days after applying for US license. Read more: Revolut finally secures full UK banking license as it continues global push
Revolut secures UK banking licence after four-year approval process
Revolut has secured a full UK banking licence from the Prudential Regulation Authority following a four-year regulatory approval process.The authorisation allows the fintech company to establish Revolut Bank UK and expand its range of services for its 13 million customers in Britain.Deposits held with the new bank will be protected under the Financial Services Compensation Scheme (FSCC).The protection gives customers the same safeguards availabl…
·London, United Kingdom
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Total News Sources65
Leaning Left7Leaning Right6Center13Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 27%
C 50%
R 23%
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