Financial app Revolut has today announced the expansion of its services to Ukrainians, along with a new international donation campaign for Ukraine.
Revolut has more than 50 million customers worldwide and over 3 million in Ireland.
It said that from today, Ukrainian residents will be able to seamlessly open a European Revolut account.
Revolut's account will offer Ukrainian customers foreign exchange and remittance capabilities in more than 30 currencies, including competitive exchange rates when spending with card or sending money abroad and borderless money transfers worldwide, free between Revolut customers.
This means that Ukrainian residents can now send and receive money from their friends and family abroad without worrying about expensive transfer fees.
Ukrainian customers will also be able to order virtual and physical debit cards.
Over 700,000 Ukrainian people residing in the UK/EEA already use Revolut services and since 2022, over €1 billion has been transferred to Ukraine using Revolut, with most of the funds being transferred from Germany, the UK, Ireland, Poland and the Netherlands.
Vlad Yatsenko, co-founder and CTO of Revolut, said that a record number of Ukrainians have joined the app's waiting list to be among the first to get their Revolut account.
"Interest in Revolut and digital banking services is soaring in the CEE region. Starting today, Ukrainians can open a Revolut account and access our most popular products, with even more coming soon," he said.
Dmytro Strelchuk, Revolut's Head of New Markets Launch, said the move will facilitate free and instant money transfers across Revolut's global community of 50 million users and will help to increase the flow of funds into Ukraine for people who want to support their families and relatives at this challenging time.
Revolut today also launched a new international donation campaign for Ukraine, which features a special edition Clear Sky card.
The new special debit card mirrors the Ukrainian flag with a transparent blue and powerfully symbolises the hope for a clear and safe sky over Ukraine.
A special edition card is available to order for Revolut customers in the UK, across EEA, and in Ukraine. UK/EEA customers will have to donate a minimum of €5 to get the card unlocked, while Ukrainian customers will be able to order the card without making a donation.
Revolut will match donations from customers, up to £200,000.
It said that 100% of donated funds will go to Revolut's charity partner, UK for UNHCR, the UN Refugee Agency, which provides extensive support to Ukrainians displaced by the war, both inside Ukraine and in neighbouring countries.
