Irish IBANs for Revolut customers in Ireland - Drivetime
Our Head of Communications, Daragh Cassidy, appeared on Drivetime to discuss Revolut’s announcement that all its customers in Ireland will receive an Irish IBAN.
Listen back to the interview above or check out the main points discussed below.
Main takeaways from the interview
- The two million Revolut customers in Ireland will be migrated from a Lithuanian IBAN to an Irish IBAN in the coming months.
- This migration over to local IBANs will make it easier for Irish consumers to use Revolut as their primary bank account. It will also bring more competition to the Irish banking market.
- This change will bring an end to IBAN discrimination that many Irish Revolut customers face.
- It will now be easier for account holders to get paid directly into their accounts and to set up standing orders and direct debits. It will also make day-to-day banking easier to manage.
- Revolut has excellent online facilities however it does lack overdraft facilities and has some issues surrounding customer service.
- The migration over to Irish IBANs will begin automatically in the next two months.
- People will also be given a two-month grace period where both their Lithuanian and Irish account details will work to help with the transfer.
- It is up to consumers to notify and update their bills, social welfare and their employer themselves about their IBAN details changing.
Discover more about Revolut
If you’re considering making Revolut your primary bank account or are interested in opening an account with Revolut, take a look at our other articles on this bank below.
- Learn more about the pros and cons of using Revolut as your main bank account.
- To find out whether your money is safe with Revolut, read our explainer here.
- And for a head-to-head battle between Revolut and its competitor N26, head on over here.
To find the best account to suit your needs, head on over to our prepaid credit card account comparison tool. There you can compare all of the prepaid credit card account options available.
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