Revolut Portuguese IBANs Are Here

Revolut Portuguese IBANs are here. The fintech giant now offers local IBANs to all customers in Portugal. New users will receive a Portuguese IBAN when they open an account. Existing customers can switch to a PT IBAN if they choose.

The move makes Revolut accounts feel more like a local bank. Salaries can be received directly into a Revolut account. Users can pay bills and set up direct debits without extra paperwork. Portuguese IBANs start with “PT50” and use the SWIFT/BIC code REVOPTP2.

Revolut Bank UAB – Sucursal em Portugal operates the accounts. The branch is registered with the Bank of Portugal under number 3560. This ensures compliance with local regulations while offering familiar European IBAN services. Customers can keep, receive, and exchange 36 currencies.

To find their IBAN, users log in to the Revolut app. They navigate to the ‘Home’ screen, tap ‘Accounts,’ select the Euro account, and then tap ‘Details.’ Full account information, including the IBAN, will appear. Customers can now receive payments from anywhere in Europe directly into their PT IBAN. They can also manage multiple currencies seamlessly within the same account.

Revolut Portuguese IBANs Are Here

Migration to a Portuguese IBAN requires consent. Users must be residents of Portugal and may need to provide documents verifying identity, address, employer, or other nationalities. Joint account holders must complete the process together. All participants must accept the new Terms and Conditions for the Portuguese branch.

Revolut announced its expansion into Portugal in June 2025. Next year, the company plans to launch ATMs in Lisbon and Porto. These ATMs will allow fee-free withdrawals for all clients. Customers can also issue a physical card immediately and withdraw money in different currencies using Revolut’s app exchange rates without extra fees.

Revolut Portuguese IBANs are here to simplify banking in Portugal. The company aims to meet local customer needs while staying fully compliant with global and local regulations. With this launch, more than two million Portuguese customers can manage money with greater convenience and fewer barriers. Revolut’s expansion signals a new era of accessible, flexible banking in Portugal.

For Revolut Bank Review, click Here.