Revolut ceases to be asylum for debtors. The bailiff will get access to the account
Revolut, the popular fintech and neobank operating in almost 50 countries, plans to open the banking branch in Poland.
For millions of users, this means important changes – especially in the context of transfers, security of funds and bailiff enforcement.
Revolut opens new branches in Europe. Poland on a priority list
The British fintech revolut announced an expansion in Western Europe, setting up a new headquarters in Paris, which will complement the headquarters in Vilnius. The company is applying for a French banking license to more effectively serve customers in this part of the continent. Revolut already has a license issued by the Lithuanian Bank and is supervised by the European Central Bank. Poland, as the market of Central Europe, is planned to launch the local banking branch in the coming months.
When will Revolut Bank start in Poland?
Although the exact date of launching Revolut Bank in Poland has not yet been disclosed, the company’s messages suggest that this will happen soon. From 2021, Revolut has opened branches in subsequent countries – including in France, Germany, Ireland and Spain. Poland is another step on this path.
– Our goal is to become customers of the first choice bank, with the help of local Revolut Bank branches in European countries, also in Poland – emphasizes Tomasz Jarczyk, Head of Lending Region North in Revolut.
A new branch in Poland. What does this mean for Revolut users?
The opening of Revolut Bank in Poland carries a number of significant changes. First of all, the company will be included in the Ognivo system, which will translate into faster transfers and full integration with the national banking system. For customers, it also means that Revolut accounts will cease to be “invisible” for Polish bailiffs – the funds will be subject to enforcement, as in any other bank.
Another change may be Polish users’ new account numbers – not with Aion Bank, but directly from the bank’s Revolut. This is a step towards establishing Revolut’s position as a full bank, and not just applications for international transactions.
