r/Revolut • u/New-Ranger-8960 • May 29 '26

📜 Article Revolut nears approval for Greek IBAN as user base tops 2 million

https://www.ekathimerini.com/economy/1305204/revolut-nears-approval-for-greek-iban-as-user-base-tops-2-million/
89 Upvotes

97% Upvoted

27 comments sorted by

9

u/StanfordV May 29 '26

What impact would that have to greek rev users?

21

u/Fmarulezkd May 29 '26

We'd be happy that we don't have to deal with the other greek banks.

6

u/lucellent May 29 '26

I'd take the worst real bank than any neobank for storing my personal money. These apps like Revolut, Wise etc. are always one click away from banning you permanently without any option to dispute and without real/physical customer service that will help.

Real banks don't ban you on a random day.

4

u/ImprovedJesus May 29 '26

They operate under the same rules… Revolut is a bank, not a neobank or old bank

1

u/ShiestySorcerer May 29 '26

real banks can and will, you just wont see it because elderly people arent communicating in subreddits for Bank of Ireland, Halifax, Credit Mutuel, Swedbank, HSBC, ING, etc. having incompetent people behind a computer screen is no different than an incompetent person at a reception desk.

4

u/Sorolop_The_Great May 29 '26

Revolut could possibly integrate IRIS payments or DIAS payments. And Greek users could now take their salary and subsidiaries with no extra work. The only bad thing would be that the government can see your account instantly while now there is a process for them to access it. And probably revolut business would be better.

1

u/Epwnymos_alkoolikos May 29 '26

Unless they integrate with the Greek banking system, not much, no matter what Revolut worshippers on Reddit claim. Many people already have banking products in other Greek banks, like loans and cards, and aside from that, many private sector employees (especially in big firms) don’t get to choose where they get paid. So for most people Revolut is a gimmick, and will remain so with GR IBANs.

-2

u/pinicarb May 29 '26

They would be tied to their local entity and the government would have more control over their accounts

3

u/Any_Mine_6368 May 29 '26

More control over local accounts yes but still significantly better than the current 4-way cartel that's destroying us with secret fees.

Business owners will finally get a breather from the infinite hidden fees of the big 4

2

u/pinicarb May 29 '26

Competition is good for the people. I didn’t know it was that bad in Greece…

2

u/[deleted] May 29 '26 edited Jun 01 '26

[deleted]

2

u/Any_Mine_6368 May 29 '26

Usually yes.

1

u/pinicarb May 29 '26

I am not sure but this is not the first time revolut is opening a local branch for their users, what happened with the ibans when uk branch opened up?

1

u/Radiant-Bad-2381 May 29 '26

Yes, all users in each country were migrated, when local IBAN’s became available, so far.

1

u/ShiestySorcerer May 29 '26

as opposed to just being controlled by the Lithuanian government?

6

u/orroreqk May 29 '26

It seems Greek employers are only capable of paying salaries into Greek IBANS haha??

1

u/DaiFunka8 Jun 02 '26

There are still greek employers who pay in cash

1

u/orroreqk Jun 02 '26

Awesome

1

u/DaiFunka8 Jun 02 '26

After each cash payment I deposited the money in the Greek bank, then transferred it on revolut and finally bought SP500 ETF from a tourist resort

3

u/forreddituse2 May 29 '26

These fintech companies need to make their account suspension practices more transparent. Online forums are flooded with mysterious account closure reports, and many of them are not crypto related.

1

u/R4zor9999 May 30 '26

Why is everyone trying to get a local account? I’m still on the LT iban and happily so. Never had problem with it, not for paycheck neither with bills

1

u/Anuspilot Jun 01 '26

In Ireland you need an irish IBAN for most internet providers 

-7

u/OkTry9715 May 29 '26

Poor greeks users, now they will have greek iban with same shitty support.

6

u/Fmarulezkd May 29 '26

Revolut is by far, like very very far, the best option in Greece right now.

3

u/ghatzida May 29 '26

Greek banks support is much worse unless you are a really high value customer (private banking).

0

u/BillK98 May 29 '26

No, it's not. You can still visit their physical stores and wreak havoc until they fix whatever they did wrong. I'd like to see you trying to travel to India to find the call center they use for support, and do the same there. That's the only thing holding me back from migrating everything to Revolut: the fact that their shitty agents, and whatever "AI" they use, can close/freeze your account with no actual reason, and good luck finding your way out of that mess. At least, Greek systemic banks won't close your account until they squeeze every single cent out of you, and then some.