Internet bank Revolut is available for Ukrainian refugees in Europe

By: Myroslav Trinko | 15.03.2022, 11:35

Revolut (the British analogue of Monobank) has announced that Ukrainian refugees in Europe can now use their branded online banking application.

What is known

Opening an account in the EU usually requires confirmation of the right to reside in Europe. Since many refugees from Ukraine cannot provide this proof due to lack of documentation, Revolut has relaxed this requirement so that as many people as possible can quickly open an account and access their funds. 

“Since the war in Ukraine has displaced more than two million people, we believe it is essential to help those most affected by providing them with easy and quick access to their funds. Bank transfers are often slow and expensive, so we hope this Revolut initiative provides an easier and more efficient alternative. I am very proud to be part of a UK fintech business that can quickly help the Ukrainian people in a difficult time.” — said Vlad Yatsenko, co-founder and CTO of Revolut

The Standard Account has no monthly fees and can be used to send/receive money and exchange currencies. The Revolut card will work anywhere in the European Economic Area (EEA) and Ukraine. The limit for transferring funds from your account to another account is €1500 per day. Friends and family who are already in Europe can also send you money quickly. By the way, you can still link any Ukrainian card to your Revolut account.

How to open an account

  • Download the Revolut mobile app (App Store, Google Play Store )
  • Click "Sign up" and enter your phone number. It can be a number of any country, the main thing is that you can receive an SMS message to this number.
  • Select the country in which you are located, for example, Poland or Slovakia - in the "Country of residence" section
  • Enter your current address outside of Ukraine, such as your home/shelter address, and other personal details
  • Select and upload a photo of a Ukrainian passport or ID-card for confirmation

The Revolut app is available in English and other European languages. A little later, the Ukrainian version will appear.

For those who want to know more: