It was long awaited, the neobank Revolut is finally launching its bank in France. Its customers can benefit, among other things, from a domiciliation of their money in France as well as protected deposit accounts and access to credits, authorization of overdrafts and other financial products of the group.
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The news of Revolut is decidedly auspicious at the end of the year. Between the launch of the card personalization platform and the addition to the catalog of a gold-plated card, the neobank of British origin is finally announcing its official launch in France. While it was possible to have an account with Revolut while residing in France, it is now possible to take advantage, among other things, of the deposit guarantee as well as all of its banking products and related services.
Say hello to Revolut Bank
It was only a matter of time before Revolut officially became a French bank, the neobank, now expatriated in Lithuania, having obtained a banking license at the end of 2018. It is therefore under the name of Revolut Bank that the establishment will practice in France. The approximately 1.5 million current customers whose agent is domiciled from the Lithuanian entity can now make a transfer to the French entity Revolut Bank via their application. A transfer that only takes a few minutes depending on the bank. This will also have the effect of providing its customers with a French RIB, which is very practical for direct debits (gas, electricity, other energy bills, etc.).
From then on, Revolut’s French customers will now see their deposits protected by French law, guaranteeing them protection in the event of default of their banking establishment up to 100,000 euros. But that’s not all, since this migration will have another impact on the banking experience of Revolut customers. Joe Heneghan, CEO of Revolut said that:
The launch of the bank in France will offer a greater level of security and confidence to our customers, and will allow us to launch a multitude of new products and services in the near future.
French Revolut clients therefore now have access to the various neobank services such as loans, overdraft authorization and other group financial products.
A neobank that never stops innovating
Just six years after its launch, Revolut has already attracted more than 16 million customers around the world and continues to grow stronger. The neobank is now present in 15 European Union markets and still intends to acquire other licenses to operate in other countries.
Even if the competition is fierce, we think in particular of N26 in Germany or Orange Bank in France, Revolut is undoubtedly the neobank that has bet the most on innovation in recent years, in particular thanks to its ultra-comprehensive application now offering features and services. previously reserved for traditional banks. It is also a resolutely international bank with the possibility of spending and transferring money around the world without hidden costs, in 29 currencies.
If you are interested, you can open a free account with Revolut by clicking on the link below.
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