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Revolut 'Successfully' Completes Rollout Of Irish IBANs

By Donna Ahern
Revolut 'Successfully' Completes Rollout Of Irish IBANs

Revolut has announced that it has completed the process of giving Irish IBANs to over two million Irish customers.The move will make it easier for Irish customers to use Revolut as their primary bank account, removing any obstacles to setting up Direct Debits or having their salaries paid into their Revolut account.The global financial super app explained that by using Revolut as their bank account, customers can avoid paying fees for shopping with their debit card, or the need to pay monthly or quarterly standing bank charges.

Joe Heneghan, CEO, Revolut Europe, said, “With more than half of adults with a smartphone using Revolut in Ireland, and ‘Revolut’ being used as a verb, we’re proud to see that our customers have embraced our financial super app and all of its helpful features.“But as we take our next step as the financial super app, offering accounts with Irish IBANs for our customers in Ireland, we hope to see more of our customers use Revolut as their primary account for a seamless experience.”

Account Switching Service To help customers who want to switch their bank account, Revolut noted that it has created an Account Switching Service (customers can find this in the help section of web or app or get in touch with support) which will help to quickly transfer active standing orders and direct debits to their new IBAN.

When changing banks, opting for the Account Switching Service allows customers to easily, quickly and free of charge inform payment partners of their new bank details. The move to create Irish IBANs involved moving customers to the Irish branch of Revolut Bank UAB, its European business, and replacing their Lithuanian IBANs with Irish ones, it added. Customers were given two months’ notice that their accounts were to be migrated into the Irish branch in a phased manner.

The move to give customers here Irish IBANs is the latest in a series of benefits for Revolut customers in Ireland.

© 2023 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more technology news, click here. Click subscribe to sign up for the Checkout print edition.


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