Yahoo Finance | Italy fines Revolut over consumer code breaches

Italy’s competition authority has issued penalties totalling more than €11m ($12.6m) against several companies in the Revolut group, citing unfair commercial practices under the Consumer Code. Revolut Securities Europe UAB and Revolut Group Holdings received a €5m fine for violating Articles 20, 21 and 22. The watchdog said customers were not told clearly, at the earliest stage of contact, about extra charges and restrictions linked to “commission-free” investing. It also referred to trading in fractional shares, noting these can differ from full shares in risk profile, investor rights and transferability.

A further €5m fine was imposed on Revolut Group Holdings and Revolut Bank UAB. The regulator found the firms’ approach to suspending, limiting or blocking payment accounts to be “aggressive”, while key information about terms and processes was missing or not presented clearly. It said users did not receive adequate pre-contractual details, were not given advance warning before restrictions took effect, and were not offered an opportunity to respond or sufficient support after limits were applied. The regulator added that restricted access to funds and related services, sometimes for long periods, can prevent customers from exercising contractual rights and covering day-to-day needs, including urgent expenses.

For this part, the competition authority cited breaches of Articles 20, 21, 22, 24 and 25, adding the conduct could improperly influence decisions made by consumers and microenterprises. Separately, Revolut Group Holdings and Revolut Bank UAB were fined €1.5m for failing to set out clearly the requirements and expected timing for obtaining an Italian IBAN (starting “IT”) instead of a Lithuanian IBAN (starting “LT”). The watchdog said these flouted Articles 20, 21 and 22. "Italy fines Revolut over consumer code breaches" was originally created and published by Retail Banker International, a GlobalData owned brand.

Read more: https://finance.yahoo.com/economy/policy/articles/italy-fines-revolut-over-consumer-112118417.html

#italy #revolut #consumercode #italianiban #lithuanianiban

Revolut fined €11.5M in Italy. But the real issue isn’t the fine — it’s access. Users reported blocked accounts, unclear explanations, and little to no support, leaving them without access to their own money.

We’ve already seen this pattern on social media. Accounts disappear, contacts are lost, businesses vanish. Now the same logic is moving into finance.

From visibility… to money.

Full story 👉 https://metaadvisor.eu/news/revolut-fine-115-million-control-access-money/

#fintech #revolut #banking #ai #digitalrights

FYI: Not financial advice

MB WAY e Revolut: Mensagem viral sobre devolução de transferências é falsa
🔗 https://tugatech.com.pt/t81332-mb-way-e-revolut-mensagem-viral-sobre-devolucao-de-transferencias-e-falsa

#mensagem #revolut #viral 

🏦#Revolut, amendată în 🇮🇹#Italia cu peste 11 milioane 💶#EUR pentru reclame cu informații înșelătoare despre comisioane.
Reacția băncii.

🔗 https://wp.me/p9KpFA-5cfo

#Știri

Corriere.it - Homepage: Revolut, multa Antitrust da oltre 11 milioni: costi nascosti, conti bloccati e Iban nel mirino

L’Antitrust sanziona Revolut per scarsa trasparenza su investimenti, blocchi dei conti e Iban italiani. La fintech annuncia ricorso, Codacons soddisfatto

Revolut, multi Antitrust worth over 11 million: hidden costs, blocked accounts, and IBAN under scrutiny.

The Antitrust fines Revolut for lack of transparency on investments, blocked accounts and Italian IBANs. The fintech announces an appeal, Codacons satisfied.

#Revolut #Antitrust #Italian #Codacons

https://www.corriere.it/economia/aziende/26_aprile_02/revolut-multa-antitrust-da-oltre-11-milioni-costi-nascosti-conti-bloccati-e-iban-nel-mirino-eb177334-8d10-460b-b4c9-90d26078exlk.shtml

Primo piano ANSA - ANSA.it: L'Antitrust sanziona Revolut per 11 milioni di euro

Per messaggi ingannevoli sugli investimenti. La società: 'Faremo ricorso'

The Antitrust fines Revolut for €11 million.

For misleading messages about investments. The company: 'We will take legal action'

#Antitrust #Revolut

https://www.ansa.it/sito/notizie/cronaca/2026/04/02/lantitrust-sanziona-revolut-per-11-milioni-di-euro-_2dde08b8-b19a-4c4a-9f02-ea077213471e.html

#Sky Wins Irish Court Order to Unmask 300+ Pirate #IPTV Users via #Revolut Bank

https://torrentfreak.com/sky-wins-irish-court-order-to-unmask-300-pirate-iptv-users-via-revolut-bank/

#piracy #Ireland #privacy

Onlangs gaf iemand me de raad Revolut.com als betaal toepassing op Android te installeren.

Ik was aardig op weg, totdat ze me afbeeldingen van mijn identiteitskaart wilden aftroggelen.

#Njet #revolut #payconiq #bankcontact

Today: Conviene davvero passare alle banche solo digitali e abbandonare la filiale?

Le banche tradizionali hanno chiuso migliaia di sportelli, spingendo i clienti verso le app. Non è certo un novità. Parallelamente, però, le banche solo digitali - le cosiddette neobank come Revolut o le italiane Isybank e Buddybank - hanno preso piede e progressivamente raggiunto la maturità. Ma...

Does it really make sense to switch to purely digital banks and abandon branches?

Traditional banks have closed thousands of branches, pushing customers towards apps. This is certainly not new. However, alongside this, digital-only banks – so-called neobanks like Revolut or the Italian Isybank and Buddybank – have gained traction and progressively reached maturity. But…

#Revolut #Italian #Isybank #Buddybank

https://www.today.it/opinioni/conviene-passare-banca-digitale.html