Fintech company Revolut has started rolling out Hungarian IBANs to retail customers following the launch of its local branch in Hungary.
The company said some new customers have already begun receiving Hungarian IBANs as part of a phased rollout. Existing customers will be migrated gradually, with individual timelines communicated by email.
According to the company, the introduction of local Hungarian bank account numbers is intended to support everyday banking activities, including salary payments and direct debit bill payments.
Revolut stated that Hungary joins a growing list of European markets where the company operates through a local branch structure. The company noted that product availability varies by region and that it does not operate as a bank in every market where its services are available.
Additional information published by Revolut shows that customers migrated to the Hungarian branch will receive HU IBANs, while existing Lithuanian IBANs will continue to function during the transition period.
The rollout follows regulatory and operational preparations that began earlier in 2026. Revolut previously confirmed that its Hungarian branch, registered as “Revolut Bank UAB Magyarországi Fióktelepe,” would support the localisation of banking services for customers in the country.
Industry reports said Revolut had more than 2 million retail customers in Hungary as of mid-2025, making the country one of its larger Central and Eastern European markets. The current population of Hungary is about 9,5 million people in total, but people with bank accounts constitute only 88% of the local dwellers. So Revolut client base is more than one-fifth of Hungarian citizens and roughly 24% of the country’s banked population.
The company has also opened local branches in several other European countries, including France, Ireland, Italy, the Netherlands, Romania, Spain, Germany, Portugal, and Belgium. In Spain, Revolut is moving from 100%-digital to a hybrid operations model by opening its first physical location in Barcelona as part of its expansion into in-person services.
