Revolut, a digital bank that offers financial services through a mobile app, has informed its customers in France that their accounts will be moved to a new subsidiary called Revolut Bank S.A. This change comes after Revolut obtained a banking license in France on August 10, 2026. The transfer is set to take place between December 2 and December 5, 2026, and will apply to all French customers, including both individuals and professionals, with more than 8 million accounts affected. Revolut has assured customers that the transition will not require any action on their part and will not change their account details, such as their IBAN (International Bank Account Number) or BIC code (Bank Identifier Code). Their cards, app features, direct debits, and scheduled payments will remain unaffected. The main change will be the deposit guarantee, which will now be covered by the French Deposit Guarantee and Resolution Fund (FGDR), instead of the Lithuanian fund. The guarantee limit of €100,000 per customer for eligible deposits will stay the same. The move to a French subsidiary may allow Revolut to offer new financial products that are regulated in France, such as the Livret A and LDDS savings accounts, as well as mortgages. However, the company has not yet provided a specific timeline for when these new services might become available. Customers who do not want their accounts moved to the French subsidiary will need to close their accounts themselves. For those who do not object to the transfer, no further action is required. Revolut has emphasized that the process will be seamless and that customers will not notice any changes to their banking experience.