Revolut Secures French Banking Licence to Expand Across Western Europe

TLDR

• Revolut gains a full French banking licence for Western European expansion.

• France becomes Revolut’s second EU banking hub alongside its Lithuanian bank.

• Customer migrations will begin in France before reaching five more EU markets.

• The French bank supports future savings lending and local banking products.

• Revolut’s dual-bank model strengthens its regulatory presence across Europe.

Revolut has secured a full French banking licence after approval from French regulators and the European Central Bank. The decision gives the fintech a second European Union banking entity alongside its existing Lithuanian bank. The new structure will support a phased expansion across several major Western European markets.

French Licence Creates Second EU Banking Hub

Revolut Bank S.A. will start serving customers in France before expanding into Germany, Ireland, Italy, Portugal, and Spain. The company has not announced a timetable for moving customers into the new French banking entity. Meanwhile, Revolut Bank UAB will continue serving customers across the remaining European Economic Area.

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