Revolut may stop offering accounts with a local IBAN in Poland in the second half of March, according to information obtained by the cashless.pl website. According to my source, after March 18, 2021, the agreement of the British fintech with Danske Bank Polska to maintain these accounts expires, and Revolut has not yet reached an agreement with another bank on this matter.
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Fintech must inform its customers that in March they will probably have to change the method of funding their accounts. The first of them have already received e-mails with a message on this matter. Transfers will be treated by Polish banks as foreign and therefore may be very expensive. This will be especially felt by companies and customers who have provided their employer with a Revolut account number. In the new situation, the best way to deposit to your Revolut account is to top it up with a debit card.
Revolut's press office in Poland, when asked for a comment on this matter, confirms that there is a probability that fintech will not offer local IBAN numbers in Poland and Norway after March 18.
“For people who top up their accounts via wire transfer, this can be inconvenient. Banks may charge a fee for such transfers. That is why we recommend clients to top up their accounts for free with debit cards” we read in the response. Fintech adds that it informs customers about this change individually two months in advance, by e-mail and via the application.
“Within two months, customers will be able to make sure that their bank will charge a fee or switch to top-up from the card. This also applies to people who receive their salary on Revolut. Please check with your employer that remunerated transfers will continue without bank charges. We apologize to our customers for the inconvenience and we are looking for a systemic solution”, adds the Revolut press office.