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That’s not completely accurate. Revolut has a specialized banking license, which means they can offer a limited range but not investment banking services.

• thesimon 7y ago
  >Revolut has a specialized banking license Do you have more details on that? FCA only lists a e-money license.
  • andylynch 7y ago
    Revolut also has a Lithuanian retail banking license. They were planning to become a UK bank as well but I haven’t seen anything about the recently.