On 10 August 2026, the Governing Council of the European Central Bank formally granted Revolut Bank S.A., a new bank incorporated under French law, a full banking licence, following a joint assessment with the ACPR (the French banking supervisor). Until now, customers in France were served by the branch of Revolut Bank UAB, the group's Lithuanian bank.

The essentials in five points

  1. Gradual migration. Accounts will be transferred to the French bank "over the coming months", with two months' notice by e-mail and new terms and conditions. The start date has not been announced. Closing your account free of charge remains possible before the transfer.
  2. Deposit guarantee. After migration, your eligible funds will be covered by the French FGDR deposit guarantee scheme up to €100,000 per person, instead of the Lithuanian guarantee today.
  3. IBAN and card unchanged. The French IBAN has already existed for residents since 2024; your bank details and card stay the same.
  4. New products, no timetable. Revolut says it wants to "gradually" extend its offer to credit, savings and mortgages. No French regulated product (Livret A, LDDS, PEA) has been announced with a date: the agreement with the Caisse des Dépôts required for the Livret A is not known.
  5. Paris, headquarters for Western Europe. More than one billion euros of investment over three years, a head office in the Bourse-Sentier district and a target of 650 employees by 2030, for 8 million customers in France.

Our full analysis, updated as announcements come in: Revolut, a licensed bank in France: what changes for you.