Revolut Gains Full UK Banking License, Boosts Customer Trust
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Revolut, the UK-based fintech known for its crypto offerings, has obtained a full banking license, enhancing customer trust and security. This upgrade, following a restricted license in 2024, allows Revolut to expand services and protect eligible customer deposits up to £120,000. The company is now regulated by the Prudential Regulation Authority and Financial Conduct Authority. Account switches will occur in phases, with no changes to account numbers, sort codes, or past statements. Savings will continue using partner banks, while crypto, commodities, and stock trading will remain unaffected.
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