Revolut launches its bank in France, here’s what changes for you – Frandroid

It was long awaited, the neobank Revolut is finally launching its bank in France. Its clients can benefit from protected deposit accounts and access to the group’s financial products.

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News from Revolut is definitely auspicious at the end of the year. Between the launch of the card personalization platform and the addition to the catalog ofa 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 current and future banking products and services.

Say hello to Revolut Bank

It was ultimately only a matter of time before Revolut officially became a French bank, the neobank now expatriate in Lithuania having obtained a banking license at the end of 2018. The 1.5 million French customers of Revolut can now make a transfer to Revolut Bank via their application. A transfer that only takes a few minutes depending on the bank.

As a result, Revolut’s French customers will now see their deposits protected, guaranteeing them protection in the event of default of their banking establishment up to 100,000 euros by the Lithuanian deposit protection mechanism. 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 customers will therefore have access to the various neobank services. One can imagine access to credits or overdraft authorization, for example.

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 tough, 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 functions 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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