Revolut Launches Full UK Banking Services with FSCS Protection

digital bank rebel Reached a transformative milestone in the British market by activating a private banking license for the UK. After a successful preparation process Prudential Regulation Authority It removed all restrictions, allowing Revolut Bank UK Ltd to operate as a fully authorized bank. bank.

This move opens the door to protected deposit accounts and lays the groundwork for an expanded portfolio. financial Exclusive products for the company’s 13 million customers in the UK.

The launch offers a new level of security through coverage under the Financial Services Compensation Scheme.

Eligible deposits will now benefit from the same security measures as traditional banks, providing users with greater peace of mind.

At the same time, Revolut will begin to include new customers in current accounts in a controlled and phased manner in the coming weeks.

This gradual approach ensures that the system remains stable and user-friendly from day one. Existing account holders will not face any interruptions.

their acquaintances rebel The application, cards and daily services will continue as before. In the coming weeks, the company will inform customers about the planned transition to the new banking unit.

The transfer process is expected to take place over several months in carefully managed groups, giving everyone enough time to adapt without any inconvenience.

Starting March 11, 2026, new registrants can initially join the existing electronic money institution structure before seamlessly transitioning once capacity is confirmed.

Co-Founder and CEO of Revolut, Nik Storonskyhe described this moment as a long-awaited strategic success.

He emphasized that the UK remains the company’s domestic market and the cornerstone of its global ambitions.

Storonsky highlighted the opportunity to deliver the same advanced banking experience already experienced around the world Europeas we work towards the goal of building the world’s first truly borderless financial institution.

UK CEO Francesca Carlesi He echoed the excitement and described the license as a decisive step forward.

He highlighted the foundation it has created to introduce new offerings, including credit products as well as innovative products. tools customers already love it.

He said his focus remains on providing seamless, secure and customer-focused banking services for everyone in the UK.

England The launch is in line with Revolut’s broader growth plans.

The company recently pledged to invest £3 billion in the UK and create 1,000 highly skilled jobs locally.

Globally, rebel It has committed £10bn over five years and aims to add 10,000 new roles as it enters 30 markets by 2030.

Recent licensing progress in the Americas and strong momentum in other regions in 2025 underscore the firm’s accelerating international expansion.

This development marks more than a regulatory checkbox.

Positions rebel evolve from a popular one fintech We’ve made the app a comprehensive banking partner for millions of UK users. With protected deposits, upcoming loan options and a continued emphasis on digital convenience, the company is poised to reshape everyday finance around the world. England.