Revolut to offer more banking services through new licence

Revolut Bank recently started providing its Irish customers with the option to take out personal loans.

Revolut has attracted nearly 2m customers in Ireland, and has more than 18m customers worldwide.

Revolut has launched a deposit account offering to its customers as the company tries to move further into the retail banking market with its new Revolut Bank arm.

The global financial platform is using its Irish banking licence to give customers deposit protection for up to €100,000 through a scheme guaranteed by the Lithuanian State company Deposit and Investment Insurance.