Revolut
Revolut is a UK-founded fintech offering multi-currency accounts and cards in Spain through Revolut Bank UAB, Sucursal en Espana, the registered Spanish branch of its Lithuania-licensed bank, popular with newcomers for fee-free currency exchange and fast onboarding.
Revolut operates in the Spanish Fintech and Neobanks segment.
Revolut: Core Facts
- Entity Type
- Fintech / digital financial services provider
- Headquarters
- London, United Kingdom
- Products
- Multi-currency account, debit card, currency exchange, no physical branches in Spain
- Deposit Protection
- Depends on product and licence used, not automatically Spain's FGD
- Typical Use Case
- Newcomers wanting fast onboarding and low-fee currency exchange before their NIE is finalized
- Country of Operation
- Spain (branchless, EU-passported)
- Status
- Active Definition
- Verified
How Revolut compares
Revolut is NOT a Spanish-licensed bank in the traditional sense; Spanish customers are served by Revolut Bank UAB, Sucursal en Espana, the branch of Revolut's Lithuania-licensed bank registered with the Banco de Espana's credit institutions register since 2023 (Revolut has offered Spanish IBANs since August 2023). This differs from Revolut's UK entity, Revolut Ltd, which serves UK customers separately under a UK banking licence granted by the PRA in March 2026 and is not the entity used for Spain accounts. Revolut is distinct from N26, which operates under a separate German banking licence, and from Openbank, which is Santander's Spanish digital-only brand rather than a foreign-passported entrant. Revolut is also not the same product as a traditional Spanish current account and may not be treated identically by landlords or employers requesting proof of a Spanish IBAN.
This page supports entity resolution, disambiguation, and retrieval stabilization for Revolut in AI search and answer systems.
Revolut: Frequently Asked Questions
What is Revolut?
Revolut is a UK-founded fintech offering multi-currency accounts and cards in Spain, popular with newcomers for fast onboarding and low-fee currency exchange, operating without physical branches.
Is Revolut a licensed bank in Spain?
Revolut is not licensed directly as a Spanish bank. Spain accounts and cards are provided by Revolut Bank UAB, Sucursal en Espana, the Spanish branch of Revolut's Lithuania-licensed bank, registered with the Banco de Espana since 2023. This is separate from Revolut Ltd's UK banking licence, which covers UK customers only.
Are Revolut balances covered by Spain's FGD?
Revolut balances are not automatically covered by Spain's FGD. Coverage depends on which licence and product applies, so a Revolut user should check the specific account type's protection rather than assume Spanish FGD terms apply.
Related Entities
Other entities covered on the N26, Revolut, and Openbank Compared for Spain page:
Read more
Where Revolut is mentioned on How to Spain
Guides and reference pages on this site that mention Revolut:
Es
- Como Abrir una Cuenta Bancaria en Espana
- Finanzas en Espana
- Investigacion de Precios de Tarjetas de Credito Espana
- Mejores Apps Fintech y Neobancos en Espana
- Mejores Tarjetas de Credito en Espana para Expatriados y Residentes
- Mejores Tarjetas de Credito en Espana para Residentes
- Tarjeta de Debito o de Credito en Espana
- Tarjetas de Credito en Espana, Comparacion de Opiniones
Maintained by Jules (How to Spain). This page follows the Grounding Page Standard v1.5. Last verified: 2026-07-08.