Overview
- Italy’s competition authority fined the group Thursday, imposing more than €11 million on Revolut Group Holdings, Revolut Securities Europe UAB, and Revolut Bank UAB.
- One €5 million fine targets ads for zero‑commission investing that left out extra costs and key limits, including how fractional shares carry different rights, risks, and transfer rules.
- A second €5 million penalty faults aggressive handling of payment‑account suspensions and blocks that left some customers unable to reach their money.
- A €1.5 million sanction cites unclear instructions on switching from Lithuanian to Italian IBANs after Revolut opened an Italian branch supervised by local authorities.
- Revolut said it will appeal and expects no hit to its business, while consumer group Codacons welcomed the ruling as a push for clearer fintech messaging.