Revolut Payments UAB and Revolut Bank UAB — what is the difference?

Prior to the merger, your e-money account which was used for transfers and money exchange, and to access all of the other Revolut services was provided by Revolut Payments UAB. Whereas Demand Deposit account with Revolut Bank UAB was only used to keep your money as a deposit, which is protected by deposit insurance in the past.

For Revolut Payments UAB customers, your account with Revolut Payments UAB has been merged to Revolut Bank UAB and became a current account. The funds in your current account are now protected under the Deposit insurance Scheme.

Please read the Deposit Insurance Information for more details.

If you've already joined the Revolut Bank UAB you'll be able to use the same functionalities after the merger.