The Revolut entity that your account is with does not have a banking licence.Has anyone compared N26 to Revolut for business banking now they are both licensed by the Central Bank?
Thanks RedOnion, I had checked on the CB's database and saw Revolut Bank UAB listed as having a baking license but I guess that could be for purposes?The Revolut entity that your account is with does not have a banking licence.
Ah, correct. I missed the Ltd company part of question.N26 don't allow accounts for businesses as far as i am aware, ok if individual or sole trader, but not for a Ltd company.
Thanks for clarifying. I wonder why they are excluding themselves from the corporate market?Ah, correct. I missed the Ltd company part of question.
N26 will only open an account (personal or business) in the sole name of a person.
And losing out on a fiver a month from the small number of companies that don't need services beyond what they offer? They'll probably get to them eventually if they see a service / product they can sell to them and make money. It's a lot easier to validate a person than an entity so they've made a decision not to go down that route yet.Thanks for clarifying. I wonder why they are excluding themselves from the corporate market?
ya, seems that way. And as AIB have a better mobile app I will probably go with them myself.I guess the upshot for UB business (Ltd Co) customers is there really isn't any alternative but to pick between AIB or BoI?
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