Revolut has broadened access to its retail accounts for teens aged 16 to 17, allowing them greater financial autonomy as they transition toward independence from parental oversight in kids’ accounts.
As they move up from the platform designed for users aged 6 to 15, older teens will gain access to many of Revolut’s essential features. They will be able to receive salary deposits, manage budgets using the pockets feature, and take advantage of favorable foreign exchange rates when traveling. However, certain functionalities, including investment and cryptocurrency trading, remain restricted.
Carlo Spada, head of youth products at Revolut, stated, “As teens earn their first paycheck, venture out independently, or save for significant goals, we believe that 16-17 year olds should have access to many of the same robust tools that our adult customers utilize. Each feature is designed to foster financial confidence for users of all ages, and we are excited to provide our younger clients with enhanced resources as they approach adulthood.”
Additionally, Revolut’s youth account, previously referred to as Revolut <18, will now be branded as ‘Kids & Teens’ in the app. This account will continue to cater to users aged 6 to 15 while maintaining parental supervision.