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Is Revolut Australia a bank?

From 21 July 2026, Revolut Payments Australia Pty Ltd (Revolut Australia) is a bank and has an Authorised Deposit-taking Institution (ADI) licence, meaning it can conduct banking business in Australia.

What does that means to me?

Your day-to-day experience won't change, but you'll start seeing updated details on your statements and in the app.