Key Takeaways
- Live in 40+ countries, 68 million users. Revolut had 68.3 million retail customers at the end of 2025 and operates personal accounts in the UK, all 30 EEA countries plus Switzerland, and a growing group of non-European markets. Revenue in 2025 was $6 billion, net profit $1.7 billion.
- March 2026 was the milestone. Revolut received its full UK banking licence on 11 March 2026, three years after the initial application. UK customer deposits are now protected up to ยฃ120,000 by the Financial Services Compensation Scheme, and Revolut can offer consumer credit.
- First bank outside Europe: Mexico. On 27 January 2026, Revolut launched full banking in Mexico with a direct Mexican banking licence, its first bank set up outside Europe and the first independent digital bank to win a Mexican licence via direct application.
- 'Available' means different things in different countries. US customers get a fair-usage FX cap and crypto in 49 states (Tennessee excluded). Japanese accounts run via Rakuten Bank with a ยฅ1M per-transaction cap. Canada is prepaid only. India is a beta prepaid-payments product on a PPI licence, not yet a bank account. The one-word answer 'yes, it works there' hides a lot.
- The 2026-27 pipeline is heavy. UAE licences finalised June 2026. Peru banking-licence application January 2026. Argentina bank acquisition announced. US OCC and FDIC applications March 2026. Talks with the Bank of Israel for a 'lean bank' licence. Expect several more countries on this map by end-2027.
Revolut has spent a decade turning the phrase "multi-currency wallet" into a $200-billion valuation target. As of mid-2026, it operates personal accounts in more than 40 markets, has just secured its first bank licence outside Europe (in Mexico), holds a full UK banking licence, and reports 68.3 million retail customers globally. Here is exactly where you can open a Revolut account today, and where the fine print starts to bite.
The Map: Where Revolut Actually Operates
The map splits into four tiers, and the differences between them matter more than the branding suggests.
- Home market: the United Kingdom, where Revolut became a licensed bank on 11 March 2026. UK deposits are now FSCS-protected to ยฃ120,000, and the licence unlocks consumer credit.
- EEA plus Switzerland (31 countries): Revolut has held a Lithuanian banking licence since 2018, passported EU-wide. This is the deepest, most feature-complete version of Revolut: full IBAN accounts, cards, credit, stocks, crypto, savings vaults and a โฌ100,000 deposit guarantee.
- Full personal accounts, newer markets (US, Canada, Australia, New Zealand, Japan, Singapore, Brazil, Mexico, UAE): the product exists, but with local caveats, some of which are load-bearing.
- Beta / limited / prepaid rollout (India, Colombia, Chile, Sri Lanka, and Peru in application): a Revolut app in your local App Store does not mean the full European product runs behind it.
Every Market, With the Fine Print
Every market where Revolut is live, one card each. Coloured tag on the right = service depth (matches the map); the summary line below covers licensing; the paragraph is what to actually watch for.
The Fine Print, Country by Country
The most-searched question about Revolut is "does it work here?" The more useful question is "what actually works here?" A tour of the traps.
United States
Full personal accounts, but the free Standard plan is subject to a fair-usage cap on currency exchange, and ATM withdrawals are free only up to $800 a month (2% fee after that). Crypto trading is available in 49 states (Tennessee is excluded). The Metal plan’s savings product pays up to 5.50% APY, capped at $10,000. Revolut applied for a full US national bank charter with the OCC and FDIC in March 2026, so this list will shorten.
Japan
Revolut Japan runs via a partnership with Rakuten Bank. That gets you a JPY account, a Japanese-issued debit card and international transfers, but two things do not port over from Europe: a ยฅ1,000,000 per-transaction cap (a JFSA constraint), and no crypto or stock trading.
Canada
Canada is Revolut’s prepaid-card-only market. You get a multi-currency prepaid Visa and can pay/get paid in 30+ currencies, but there is no full chequing account, no deposit interest, no credit and no direct payroll. Canadian customers on Reddit have been asking for a bank licence for years; there is no public timetable.
Australia and New Zealand
Full personal accounts in both, but with local rules. Australia gets crypto and US-listed stock trading; New Zealand gets neither (a regulatory choice, not a product decision). Neither pays interest on the base balance.
Singapore
Full multi-currency wallet, SGD account, fractional US-stock trading with commission-free monthly quotas, and crypto across 80+ tokens. This is arguably the most feature-complete non-EEA market.
Brazil and Mexico
Brazil launched in 2023 with a narrower product than Europe (BRL account + international transfers + cards). Mexico, by contrast, is the newest and structurally the most interesting: direct Mexican banking licence, $100 million capitalisation, first Revolut bank outside Europe. Expect the Mexican product to broaden fast.
United Arab Emirates
Full UAE Central Bank licences were granted in June 2026, upgrading Revolut from the in-principle approval it received in September 2025. Rollout of the full digital-banking suite is happening through the second half of 2026; expect broadly EEA-parity features.
India
India is a beta. Revolut holds an RBI Prepaid Payment Instruments (PPI) licence from April 2025 and is running a prepaid wallet with UPI support plus outbound international transfers. This is a payments product, not a bank account. A full banking presence is not on the roadmap yet.
Colombia, Chile, Sri Lanka
All three launched in 2024-2025 as part of Revolut’s aggressive emerging-market push, and all three run narrower feature sets than the EEA product, generally cards + cross-border transfers, with the depth varying month to month as licences are added.
Peru and Argentina (pending)
Revolut applied for a full Peruvian banking licence in January 2026, its fifth Latin-American market push. In June 2025 it also announced the acquisition of an Argentine lender from BNP Paribas to enable a direct-bank entry there. Neither is live to customers yet.
What About Everywhere Else?
If your country is not on the list above, you cannot open a personal Revolut account from it, full stop. Existing Revolut customers who move to an unsupported country generally keep their old account, but that is a residency question, not an availability question. Nigerians, South Africans, Turks, Filipinos and Indonesians all show up in Revolut's support forums; the answer is currently no.
The pattern the map suggests is that Revolut is happy to enter emerging markets via a light regulatory footprint (prepaid, wallets, cross-border payments) and upgrade to a bank licence later, exactly as it did in Mexico and is preparing to do in the UAE. Expect several more amber countries to become green in 2027, and expect a fresh wave of new amber countries in Southeast Asia and the Middle East.
