If Revolut receives the European Banking License this will be a huge minus. Even if many people will not say anything cause they do not know, those working with Revolut for privacy will probably close their accounts as they will start sharing a lot of information with the fiscal authorities of those who have accounts opened. Also, for Lithuanians it will be very easy for their state to lock accounts at any time Hopefuly the license will not come soon or never. I’ll surely close my account over here when it comes.
Is there any ETA when the license application is reviewed? Are we gonna be able to terminate our accounts before Revolut starts to operate as an old school bank?