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Okay, I don't know too much about Monzo at all tbh, but Revolut got an EU banking license, which means, simularly to the N26, it will not be applicable for the
by bilekas 7y ago
Okay, I don't know too much about Monzo at all tbh, but Revolut got an EU banking license, which means, simularly to the N26, it will not be applicable for the UK Market.
If that means they fall bank to not issuing accounts with Deposit protection in the UK, I'm not sure, or if it means they are just waiting to see what happens; sugested here : https://blog.revolut.com/how-we-protected-our-customers-from-brexit/ https://blog.revolut.com/how-we-protected-our-customers-from...
It's not sure. But either way, if there are not enough people in the UK market to warrant the hassle of re-investing in the UK, I don't see the issue.
The EU feel betrayed by Brexit too.. :(