UPDATE 1 - Revolut to offer deposit services in Bulgaria, Ro

UPDATE 1 - Revolut to offer deposit services in Bulgaria, Romania


UPDATE 1 - Revolut to offer deposit services in Bulgaria, Romania
Source: Revolut.com
BUCHAREST (Romania), March 2 (SeeNews) - UK-based fintech company Revolut, which holds a European banking licence, said on Tuesday that it will start offering deposit services to customers in Bulgaria and Romania.
Over 220,000 clients in Bulgaria will now have access to additional Revolut Bank services through the company's mobile app, Revolut said in a statement. Their deposits are guaranteed by Lithuanian state company Deposit and Investment Insurance.
In Romania, customer deposits of up to 100,000 euro ($120,259) will be guaranteed under the European deposit guarantee scheme, the company said in a separate press release.

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