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Why is Revolut becoming a bank in the UK?

FSCS protection

Gaining a banking licence in the UK allows us to offer our customers current accounts, including protection of eligible deposits — up to the value of £120,000 —by the Financial Services Compensation Scheme (FSCS).

Learn more about the FSCS.

More products

It also means we can develop new banking products, as requested by our customers. Keep an eye on our website, your emails, and in-app notifications, to stay up to date with our newest offerings.