Revolut Bank: Lithuanian IBAN, non-prepaid card and doubts

Revolut Bank: Lithuanian IBAN and a card that stops being prepaid

Migrating to Revolut Bank does not turn the account into a Spanish bank account or assign it a domestic IBAN. What changes is the nature of the deposit service. The question customers keep asking is simple: is it worth accepting the offer, or is it better to leave everything as it is? Because the move is not cosmetic.

What changes when you accept Revolut Bank?

The institution now offers Revolut Bank as a deposit and other financial services. The most visible change is the card: it stops being a prepaid instrument. It sounds like a technicality, but it alters the status of the balance the customer holds inside.

From there, versions diverge. Some claim the new stage means sharing data with the Banco de España (Spain's central bank). Others throw the question back: what real difference is there between accepting or rejecting that message? The short answer is that the IBAN remains Lithuanian. Not a single Spanish account.

The Lithuanian IBAN: advantage, inconvenience or refuge

"Better to stay as we are now, with a foreign IBAN. That makes it harder for the government to get its hands on it." There lies one of the positions in the thread, in a nutshell: an account number outside the national umbrella makes tracing and, if it comes to it, seizure more difficult. The argument is not legal, it is practical, and that is how those who defend it present it.

On the other side of the scale weighs actual usage. Some receive their salary there and see no reason to touch something that works for them. Others use it mainly for online payments, because topping up by card is instant. The same tool allows paying in Danish kroner without going through a currency exchange.

Account blocks: the side B that doesn't appear in the brochure

The most uncomfortable story comes from a long-standing customer, half the time on a premium account, with no cryptocurrency or betting-house activity. A 2,000 euro transfer was enough for his account to be blocked. No explanation. Support was slow to respond and did so with generic messages, unrelated to the issue raised. He managed to recover his remaining balance and left.

To that case are added, according to his account, similar stories other customers have posted on forums, and his conclusion is the same: with these fintechs, moving amounts above salary level triggers the alarms. In his story, the official explanation never arrives; the affected customer finds out when the door is already closed.

N26, Dukascopy: the alternatives and the underlying problem

Those who decide to move point to N26. Some have already planned the switch, while others, even having it, keep their distrust intact: it serves for pocket money and paying for small things online, little more. Wariness knows no flags.

The option presented as the most serious is Dukascopy: assignment of a specific account manager and support without prefabricated answers. For more than just a salary, that personal treatment is valued above the convenience of an app.