Revolut completes rollout of Irish IBANS to two million customers

The app has created an Account Switching Service which will help to transfer active standing orders and direct debits to their new IBAN

The move was rolled out to tackle IBAN discrimination, whereby an employer or company refuses to accept an IBAN that is not registered in the country that you are in.

Global fintech company, Revolut has completed the process of giving Irish IBANs to 2 million customers across Ireland.

Coming into effect this week, the company said the move would make it easier for Irish customers to use Revolut as their primary bank account, removing obstacles to setting up Direct Debits or having their salaries paid into their Revolut account.