{"id":191000,"date":"2026-03-11T22:30:48","date_gmt":"2026-03-11T20:30:48","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/revolut-secures-uk-banking-license-fscs-protection\/"},"modified":"2026-03-11T22:30:48","modified_gmt":"2026-03-11T20:30:48","slug":"revolut-secures-uk-banking-license-fscs-protection","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/revolut-secures-uk-banking-license-fscs-protection\/","title":{"rendered":"Revolut Secures UK Banking License to Rival Traditional Banks"},"content":{"rendered":"<p class=\"wp-block-paragraph\">With its new status, the company will begin providing accounts protected by the Financial Services Compensation Scheme (FSCS) \u2013 the country\u2019s deposit guarantee program.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Revolut Moves Deeper into Traditional Banking<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The new license allows <strong>Revolut<\/strong> to operate as a fully regulated bank in the United Kingdom. This shift represents a significant evolution for a company previously known primarily for digital payments, currency exchange, and crypto trading.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p><div data-nosnippet><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">We\u2019re now officially a fully licensed bank in the UK.<br><br>As a bank, we\u2019ll soon offer accounts protected by the Financial Services Compensation Scheme (FSCS) up to \u00a3120,000 per person on eligible deposits.  <br><br>It also means we\u2019ll be able to launch more banking features in the future\u2026 <a href=\"https:\/\/t.co\/fH7K2TQLDd\" rel=\"nofollow\">pic.twitter.com\/fH7K2TQLDd<\/a><\/p>\u2014 Revolut (@Revolut) <a href=\"https:\/\/twitter.com\/Revolut\/status\/2031729938080882986?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 11, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Until now, the company\u2019s core services included:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Digital payments<\/li>\n<li>Foreign exchange operations<\/li>\n<li>Investments and cryptocurrency trading<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Now, <strong>Revolut<\/strong> will be able to expand its portfolio with traditional banking products, including savings accounts, credit services, and other financial instruments. The company stated that the license will enable the gradual rollout of new banking features directly within its mobile application.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Deposit Protection via FSCS<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One of the most critical changes for customers is the inclusion of deposit insurance through the FSCS. The Financial Services Compensation Scheme protects depositors in the event of a bank failure, guaranteeing the recovery of eligible funds up to a specific limit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In <strong>Revolut\u2019s<\/strong> case, this protection will cover up to <strong>\u00a3120,000<\/strong> per customer. This move significantly boosts trust in the platform, placing the fintech on equal footing with established traditional banks in the UK.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Milestone in Revolut\u2019s Long-Term Strategy<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Securing a UK banking license is considered one of the most important regulatory milestones in the company\u2019s history. <strong>Revolut<\/strong> has spent years working toward full authorization in its primary market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of March 2026, the company has reached an impressive <strong>70 million users<\/strong> worldwide. This new status will allow it to compete more effectively against both traditional institutions and other digital banks or fintech platforms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the fintech industry evolves, regulatory licenses have become a decisive factor for companies aiming to expand their global presence while operating within strict financial frameworks. <strong>Revolut<\/strong> announced it will unveil additional banking features and products as the integration of the license continues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revolut is now a fully licensed UK bank, offering FSCS deposit protection up to \u00a3120,000 for its 70 million global users.<\/p>\n","protected":false},"author":104,"featured_media":190999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[424],"coin_category":[],"class_list":["post-191000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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