Users in Romania can now upgrade to Revolut Bank for additional banking services through the app. Those who upgrade to Revolut Bank for additional services will now have their deposits protected under the deposit guarantee scheme.
Revolut has over 1.3 million users in Romania.
“Revolut is now the fastest growing fintech company in Europe because we put the customer at the heart of everything that we do. Our product design is second to none, we have no hidden fees, and we are constantly building new and innovative financial products,” said Virgilijus Mirkės, Chief Executive Officer of Revolut Bank.
He added launching the bank in Romania will provide a greater level of security and confidence for customers, and will enable Revolut to launch a host of new products and services in the near future.
The specialized bank license allows Revolut Bank to provide limited banking services via its app along with an array of financial services and products that is offered by other Revolut Group companies.