Revolut stops servicing Ukraine: what clients should do and what is the NBU's position

Termination of Revolut services for Ukrainian residents

According to НБУ: The company Revolut has made the decision to stop providing services to Ukrainian residents. This decision concerns the servicing of bank accounts opened through Revolut Bank UAB. At the same time, the company will continue to service accounts of Ukrainians living in countries of the European Economic Area. The National Bank of Ukraine has received a notification from Revolut about its intentions to cease providing services to residents of Ukraine.

The National Bank of Ukraine supports open competition and the development of financial technologies in Ukraine. The regulator also noted that it will ensure timely consideration of documents regarding authorization. This demonstrates the NBU's commitment to maintaining the stability of the financial system and protecting consumer interests.

Recommendations for Revolut clients

Revolut clients in Ukraine are advised to contact the company's customer support for detailed information about further actions. It is important to note that warnings about changes in service may impact the financial operations of Ukrainian residents, so it is necessary to be attentive and respond promptly to news from the company.

This decision by Revolut may significantly affect Ukrainian consumers who use the company's services for financial operations. In the context of increasing competition in the financial market of Ukraine, it is essential for the National Bank and other financial institutions to ensure the stability and availability of financial services for the population. Revolut clients should be particularly vigilant about changes in service to avoid potential financial risks.