This is similar to the situation with BCCI a large bank globally which had banking status in most countries but they were not granted banking status in the UK and were only given LDT (Licenced Deposit Taker) status.
See the undermentioned from Wiki which outlines their existence before they went under.
Need insurance? 
1 Like
Is that live?
Anyone seen an update on Ultra?
I thought that it was going to be out in the Spring (an admittedly flexible term).
4 Likes
Black box insurance. No thanks 
1 Like
The terms say this,
you must receive an invitation to register to the Revolut Ultra Plan Waitlist between 01:00 UTC 10 December 2022 and 23.59 UTC 30 September 2023
The end date might indicate their expected timeframe, although the end date is probably a bad case scenario.
2 Likes
Given that they’re only just working out what to include in it I’m guessing 30 September sounds about right. It would’ve been nice to get an update though…
2 Likes
This article is about the Irish market.
I’m sure I recall them saying it would be available in spring too!
Edit: yep, spring
2 Likes
This “delay” annoys 
Still, I doubt I’ll be upgrading from Metal as don’t need travel lodge discounts, etc.
My Revolut is crypto investment account, not a travel buddy 
2 Likes
I’d love some hotel discounts tbh
1 Like
Probably spring 2024 at this rate.
1 Like