Revolut to move regulation of Irish accounts to Lithuania due to Brexit

Irish customers who are paid directly into their Revolut account must contact relevant companies to inform them of IBAN change 

Irish customers can expect their Revolut IBAN to change from a GB IBAN to a new LT IBAN.

Fintech company Revolut is to migrate its one million Irish customers from its electronic money licenced business in the UK to its Lithuania base due to Brexit.

Revolut has an electronic money or e-money licence in the UK and has until now been using this licence to operate in Ireland under EU passporting rules.