Differences in Revolut accounts (US-based, UK-based, EU-based)

For those with Revolut accounts and you are domiciled in various countries…

Are there any distinction in your Revolut accounts if you had opened it from the USA, from the UK or from the EU? I assume each and every Revolut account comes with an IBAN (still Lithuanian I think?), and ability to create/open “borderless” accounts in multiple currencies e.g. GBP, EUR, USD, PLN, NOK.

Or is the only difference being the kind of document you submit for KYC (e.g. US passport/driver license for USA-based customer, UK passport/DL for UK-based customer, etc etc)?

I thought I knew the answer to this until a relative asked me for the specifics. :grimacing: :grimacing:

Thanks all!

I can’t believe no one has ANY answers to any of the above. I know many of you are Revolut customers out there!
:face_with_monocle: :face_with_monocle:
In any case, I think I was able to figure out by asking various forums so here they are for your reference. You’re welcome. :upside_down_face:

Are there any distinction in your Revolut accounts if you had opened it from the USA, from the UK or from the EU?

Not really from the perspective of account opening, same app, same process, but if you’re signing up from the EU, they will assume you’re an EU resident (and will try to identify you that way, e.g. asking for EU passport, ID, driver license, etc) as well as an EU tax resident. Signing up from the US and they’ll assume you’re a US resident and tax resident (and they’ll ask for the corresponding ID documents). If. you’re a nomad or temporary resident in the EU with a non-EU citizenship, they ask you to take a pic of your visa. No options to upload your utility bill, bank statement, etc like all other EMIs.

I assume each and every Revolut account comes with an IBAN (still Lithuanian I think?), and ability to create/open “borderless” accounts in multiple currencies e.g. GBP, EUR, USD, PLN, NOK.

EU-based accounts come with EUR account with an LT (Lithuanian) IBAN for domestic (SEPA) payment/transfer. You can open additional currencies but they ALL will get the SAME LT IBAN (I checked), with the exception of GBP where they will give you a UK Sort Code & Account Number to be used for receiving/sending domestic payment in GBP. So yeah it looks weird that you can open a USD balance but don’t get the normal ABA routing/checking account number for it; pray someone in the U.S. understand how to send a SWIFT transfer to your LT IBAN. :slight_smile:

I would then assume that US-based accounts (since they are serviced by a U.S. based bank) will give you ABA routing/checking account numbers, BUT I did hear that you do not get a EUR account. :frowning: You can open a GBP (and get the UK sort code & account number). No idea about the other currencies.

All in all, this ain’t Wise. No concept of borderless accounts (“get paid like a local”) unless “local” means UK (for all customers), EU (for EU customers) or US (for US customers). The Revolut visa works the same way as Wise cards, they draw money from the bucket of currencies you’ve set up.

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thank you yourself for stepping in with such information of great benefit to the community. :heart_eyes: