Today Revolut announced that they have launched ‘current accounts’. I put current accounts in inverted commas as I don’t fully understand how they will work yet as information is a bit sparse. According to the blog post, all Revolut customers now have a personal UK account number and sort-code and can receive payments such as salaries into this account and transfer money to any UK bank in just a few hours. Revolut do point out it isn’t really a bank account – Whilst Revolut technically isn’t a bank, our app lets you do most of the things that a bank does – but better!
To find your Revolut bank account details select Profile from within the Revolut App
Then select Bank account details
Then choose which currency you wish to use
I think there might be a bug at the moment with the incorrect details being displayed. In their blog post under beneficiary it showed a personal name and no mention of the reference you need to put in with the transfer. If you do need to continue putting in the reference nothing really has changed from my point of view. Hopefully it is a bug and the bank account details will be unique to each customer so you don’t need to insert a reference to ensure payments in reach the right account.
What I’m really looking forward to is the improvement they hope to offer shortly:
Coming soon to Revolut current accounts…
- Direct debits
- Savings 🎉
- Personal IBANs for EUR and USD 😍
It seems Revolut has some big improvements planned for the near future.