Revolut Bank UK Ltd has today received regulatory approval from the Prudential Regulation Authority to exit the mobilisation phase and launch as a bank in the UK. 

The launch comes with an existing base of 13 million UK customers and follows Revolut’s recent commitment to invest £3 billion and create 1,000 high-skilled jobs in the UK.

This milestone means that Revolut Bank UK Ltd will be able to start offering accounts as a fully licensed bank for both retail and business customers.