Can I use Revolut as my main bank account?
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Yes, for users in the European Economic Area (EEA), including Germany, you can use Revolut as your main bank account. Revolut Bank UAB holds a full banking license in the EEA, so your deposits are protected by the Lithuanian deposit guarantee scheme up to €100,000, the same level as traditional banks.
Can Revolut be used as a normal bank account?
Revolut offers the same features as a traditional bank account. You can use it to pay bills, make transfers, keep, budget, and organise your money. Order a physical debit card, or create a virtual card for easy spending on the go.
Is Revolut considered a bank in Germany?
To be considered a bank, Revolut requires a banking licence in each region it operates in. At the moment, Revolut holds a banking licence for the European Economic Area (EEA) and is under the supervision of the European Central Bank (ECB) and the Bank of Lithuania.
Does Revolut give German IBAN?
German IBAN: New customers receive a German IBAN, Deposit protection: Revolut offers deposit protection up to €100,000 through the Lithuanian banking deposit guarantee scheme. Spending analytics: Revolut provides spending analytics and budgeting tools.
What is the downside of Revolut?
It is also important to note that Revolut is a digital only provider, so there are no branches or call centres and customer service is likely to be limited for those with the free account. Revolut's exchange rates may also sometimes be less competitive than other providers.
Can I Use Revolut As A Bank Account
What is the controversy with Revolut?
Revolut has been fined €3.5 million by the Lithuanian central bank over alleged deficiencies in its AML controls. Regulatory authorities found that the neobank failed to implement adequate controls to prevent money laundering and related financial crime.
Is it better to use Revolut or debit card abroad?
Revolut is a good option for spending abroad because they don't charge any fees for foreign transactions. You can enjoy your travels without worrying about extra expenses. Keep in mind that merchants can add their own charges at any time, but they're not defined by Revolut.
Does Revolut pay taxes in Germany?
As required by German tax law, we'll deduct taxes from any interest we pay to you. We do this before it's credited to your Instant Access Savings. Revolut withholds the applicable taxes and pays it to the tax office.
Which countries are blocked by Revolut?
Countries we don't support payments in include, but aren't limited to: Belarus, Crimea, Cuba, Iran, North Korea, Libya, Myanmar, Russia, Syrian Arab Republic, and Venezuela. Depending on your country or region, this list may not be exhaustive, and is subject to change.
Does Revolut give you an IBAN?
Yes, Revolut does have IBANs, especially now that it offers local German IBANs for German residents, allowing for easier salary payments and direct debits, but you'll find your specific IBAN in the app under your account details for each currency, often via a multi-currency IBAN system.
What is the easiest bank account to open in Germany?
Wise and Revolut
Wise is the easiest way to get a bank account. They have the easiest requirements, and accept the most passport types. You can open an account before you arrive in Germany, without a German address, a residence permit or an Anmeldung.
Which country owns Revolut bank?
Revolut Group Holdings Ltd, known as Revolut, is a global financial technology company headquartered in London and founded in July 2015 by Nik Storonskiy and Vlad Yatsenko. As of 2025, Revolut operates in over 48 countries and has 65 million customers. It was valued at $75 billion in November 2025.
Is Revolut safe as a main bank?
Protected funds
As an authorised financial institution compliant with Electronic Money Regulations, 100% of your main account balance is safeguarded.
Can my salary be paid into Revolut account?
The process of getting your salary paid into your Revolut account is straightforward, whether you're a new or existing customer. You simply need to provide your employer with your Revolut account details, including your sort code and account number.
Do banks check Revolut?
N26 and Revolt are bank accounts and will be treated by Irish lenders like any other account. So yes 6 months statement. They don't seem to do it very much, but technically given that those are accounts in Lithuania (Revolut) and Germany (N26) they could ask for credit reports in those countries.
Is it safe to have 100k in Revolut?
All your deposits held with Revolut Bank UAB are aggregated and the insurance coverage limit of EUR 100,000 applies to the total amount of your deposits.
What country is Revolut most popular in?
Romania, with over 3 million clients and a customer base growth of 39% in the last 12 months(2), is the leader of the region and keeps the second position in the global ranking, after the UK. Poland also recorded a strong growth of 48%, heading to the 3 million customers threshold.
Does Revolut charge an international fee?
For International transfers in currencies other than the local currency of the recipient country, you will be charged a flat minimum fee. This fee varies depending on the currency being sent as outlined in the table below. Senders in non-listed countries will be charged an equivalent fee in their currency.
Do I need to declare Revolut?
Declare your Revolut account to the National Bank of Belgium. Once you've opened your account with Revolut, you'll have to declare your account to the "Centraal aanspreekpunt" (CAP) of the National Bank of Belgium. Fortunately, you only need to do this once.
Should I use Revolut in Germany?
Yes, you can use your Revolut card at any shops, restaurants, and hotels in Germany that accept Visa and Mastercard. All you have to do is add money to your account in any of our 36 supported currencies and pay with your card as usual.
Does Revolut report income?
A. Yes, Revolut is required to share tax-related data with foreign tax authorities under the Common Reporting Standard (CRS) and Automatic Exchange of Information (AEOI) agreements. If you are a UK resident with a Revolut account linked to another country, HMRC may receive details from foreign tax offices.
What are the disadvantages of a Revolut card?
Disadvantages or improvement areas
Revolut is a debit card, not a credit card, so you will not have the benefits of a credit card. You will be able to transfer money abroad in more than 30 currencies at interbank exchange rates. In the standard plan you will not have access to priority chat.
Can I take money out of my Revolut at an ATM?
A 2% fee (of the total amount withdrawn) applies for every ATM withdrawal. This fee applies regardless of the amount withdrawn, for all Revolut Business plans. ATM operators can add additional commissions and fees to withdrawals, as well as exchange rates to withdrawals involving currency conversions.
How do I avoid exchange fees with Revolut?
Always pay in the local currency
If prompted, choose to pay in the local currency and reject any exchanges. If you have enough of the local currency, you shouldn't be charged any additional fees for exchanges by Revolut.