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As required by Romanian law, we'll make a 10% tax deduction on any interest before it's credited to your Instant Access Savings. The Romanian Government sets the tax withholding rate and may change it at any time.

The deductible tax needs to reach RON0.01 before we begin withholding this tax. In cases where it's less than this amount, we'll continue to accrue your interest until it reaches RON 0.01 (at which point it's deducted from your next interest payment).

As a result, the tax withheld for each interest payment may be different. To see the tax withheld on your total interest payments, you can use your combined savings statements. Read this article to learn how to calculate interest and tax on Instant Access Savings.

If you have any questions regarding your tax responsibilities, you should seek independent advice from a professional tax adviser.

For more information, refer to our Instant Access Savings Terms.

Generate your Instant Access Savings account statement using this link.

Revolut has opened a local branch in Romania last year and the migration of customer's accounts is still in progress. That's why Instant Access Savings are no longer provided by the Lithuanian entity, but by the Romanian branch of Revolut Bank UAB instead.

For accounts that haven't been migrated yet (you are still a customer of Revolut Bank UAB), as required by Lithuanian law, we make a 15% tax deduction on any interest before it's credited to your Instant Access Savings. Then, we report and remit the taxes withheld to the Lithuanian authorities.

If your account is migrated (You are a Revolut bank UAB Vilnius Bucharest Branch customer), we will make a 10% tax deduction on any interest before it's credited to your Instant Access Savings as required by Romanian law. We then report and remit the taxes withheld to the Romanian tax authorities.