Revolut to offer local bank accounts in Ireland

Revolut plans to roll out Irish International Bank Account Numbers to its customers in Ireland in the coming months as part of its expansion across Europe. The move will allow more than two million Irish customers to be gradually moved off Lithuanian IBANs.

According to the company, some Irish customers have had issues with employers or service providers refusing to accept IBANs from a different country within the Single European Payments Area. The rollout of Irish IBANs will allow customers to have their salaries paid directly into Revolut, easily make direct debits, and more.

Revolut officially launched as a bank in Ireland in March 2022, offering customers the option to upgrade to Revolut Bank for additional services and deposit protection up to €100,000 guaranteed by the Lithuanian State company Deposit and Investment Insurance.

Later in the year, the company began rolling out a Buy Now, Pay Later instalments payment product in Ireland. Additionally, Revolut launched Revolut Reader in the UK and Ireland, a product designed to simplify payments acceptance for merchants of all kinds. This move marked the company’s move into in-person payments as it continues to diversify its offering for business customers.

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