After recording this video on 22nd July, we learned this morning that Revolut has now received a banking licence in the UK! This was the e-mail sent by Revolut: Revolut is now authorised with restrictions as a UK Bank We're becoming a bank, but for now, nothing changes with your account Here at Revolut, we’ve been working hard to deliver faster, better, smarter products, serving over 45 million customers worldwide, and 9+ million customers in the UK alone. Today we’ve been authorised as a UK bank subject to restrictions, an important step towards launching our bank to customers in the UK. What does this mean? Now we enter a “mobilisation” period, a common regulatory stage for many new banks. During this period, we’ll complete the setup of our banking processes before starting to operate as a bank in the UK. What happens now? Until we complete our work building the best possible banking experience for you, we’ll continue operating as usual. You’ll be able to keep using your existing Revolut account as always, with no changes to any of our products or services. And of course, your money will continue to be safeguarded in the same way it always has been with us. Stay tuned - as soon as our setup is complete and we’re ready to launch our UK bank, we’ll make sure to reach out to you. We’ll then explain what the next steps in the process will be for your existing Revolut account to become a UK bank account. What do I need to do? Until we complete the mobilisation stage, nothing! We’ll handle everything and we’ll keep you informed every step of the way. That’s all for now, but we’ll be in touch as soon as we have more information to share with you. If you have any questions, check out our FAQs.
@Lkadow_dela3 ай бұрын
Yeah..
@johndwalker0693 ай бұрын
This is a really useful video, thanks for taking the time to make it and do the research. I have used Revolute for years without issue, for buying crypto etc. and it was going to be the FIAT off ramp this bullrun... you have given me pause for thought on that, would you consider doing a video on best UK FIAT accounts to off ramp with?
@adanroberts71963 ай бұрын
never had a problem with revolut uk quick easy user friendly
@arnettbuckers3 ай бұрын
Great stuff James. Thanks so much!
@thecoinknowledge3 ай бұрын
My pleasure, glad it was useful!
@user-bi5fj3sy3i3 ай бұрын
Odd timing, but today received an email from Revolut stating they have now become a UK bank with restrictions.
@thecoinknowledge3 ай бұрын
Yes, they announced this at almost exactly the same time the video was published! Thanks for confirming and I included the e-mail from Revolut in the comments section here
@137dylan3 ай бұрын
Great timing: literally confirmed today as now a UK 'bank'.
@thecoinknowledge3 ай бұрын
I know, they announced this at almost exactly the same time the video was published! Thanks for confirming
@137dylan3 ай бұрын
@@thecoinknowledge Makes me wonder tho, will this put an end to Revolut being a reliable interim solution for when depositing from your non crypto friendly bank to an exchange…
@RHYSDAVIDPOUNDCESTIQUEPound3 ай бұрын
Bank.of England is a corporate company the same as all Governments and your local councils.
@Bornlivemoveon3 ай бұрын
Plenty of people having bad experiences especially with crypto.
@Lkadow_dela3 ай бұрын
Nice!
@philipdebruyn46143 ай бұрын
Hello James, do you have an affiliate link for HTX? I have seen some bad reviews on it and I’m just wondering what you think. I was considering buying Velas VLX on it. I’m also here in the UK. And Bilaxy please? because I would like to get Kompute KAI, on Bilaxy instead of on Uniswap.Thanks, Philip.
@hakangumustas85533 ай бұрын
Is revolut crypto friendly?
@dwightperry98113 ай бұрын
I'd never use them to hold any significant amount of money, I just use them as a past through to move money from on account to another or to buy crypto
@ferencelekes49693 ай бұрын
There was an update on their license just today.
@thecoinknowledge3 ай бұрын
Yes, thanks for the update!
@evanslukomona80613 ай бұрын
Awesome coaching! Thanks! Question: I am a Zambian with a permanent resident of Germany. Can my kids aged at above 24 and living in Zambia open and use a Revolut account? If yes, would i be able to transfer money to yhem from my Revolut account i opened in Germany 🇩🇪? How much maximum can i transfer in Euros 💶 to Zambia? Thanks in advance!
@thecoinknowledge3 ай бұрын
Thanks, I think these questions would be best for Revolut's customer service team if you wanted to get in touch with them
@iah13 ай бұрын
People can now on off ramp with no kyc to Bridge app (mont pelerin) but not GBP also Uniswap now connects to Fiat, but I think Usd Euro, not Gbp again I guess because of Gov. reg's and brexit. Seem to be on the verge of decentralisation /Fiat connection.?
@Bornlivemoveon3 ай бұрын
Who is the most friendly crypto bank when transferring money in and out of crypto exchanges?
@bartz44393 ай бұрын
Not revolut. They ban your account. You can't call them xD total embarrassment
@attitudeare2012Ай бұрын
I’m with Revolut as a customer I reckon their rubbish business and also they don’t pay your money to your account at the right time
@Memee8333 ай бұрын
Revolut 33 in Chaldean, 113 Ordinal.
@Cronicjack3 ай бұрын
No wonder they are making epic gains in profits because of their crypto selling fees
@Mark_bowles13 ай бұрын
uk banks are missing all the fee's it could get if they where crypto friendly.
@skyward7113 ай бұрын
So are you saying reverloot are no good wat is your background banking do you werk for a bank
@skyward7113 ай бұрын
The fscs isent werth the paper it's riten on. For private individuales
@TheSilverHustle3 ай бұрын
No, they have not yet got the UK License... I received this email from them today: " Here at Revolut, we’ve been working hard to deliver faster, better, smarter products, serving over 45 million customers worldwide, and 9+ million customers in the UK alone. Today we’ve been authorised as a UK bank subject to restrictions, an important step towards launching our bank to customers in the UK. What does this mean? Now we enter a “mobilisation” period, a common regulatory stage for many new banks. During this period, we’ll complete the setup of our banking processes before starting to operate as a bank in the UK. What happens now? Until we complete our work building the best possible banking experience for you, we’ll continue operating as usual. You’ll be able to keep using your existing Revolut account as always, with no changes to any of our products or services. And of course, your money will continue to be safeguarded in the same way it always has been with us. Stay tuned - as soon as our setup is complete and we’re ready to launch our UK bank, we’ll make sure to reach out to you. We’ll then explain what the next steps in the process will be for your existing Revolut account to become a UK bank account. "
@thecoinknowledge3 ай бұрын
Great, thank you for the update, I think we picked this up at about the same time! They need to go through the 'mobilisation' phase first, so nothing changes for the time being
@skyward7113 ай бұрын
I wuld not believe a werd blumberg says as ites mates in banking industry and frequently produces biest information
@attitudeare2012Ай бұрын
I’m with Revolut as a customer I reckon their rubbish business and also they don’t pay your money to your account at the right time