Traditional savings banks are retiring ATMs, while fintech company Revolut expands its network of new machines
Refresh: Revolut, the Digital Banking Powerhouse, Aims to Conquer the Real World with ATM Strategy
Stepping away from the digital-only approach, Revolut, the disruptive fintech company, is diving headfirst into the physical world. The British neobank is planning to install its first ATMs in Spain and, eventually, other European countries, including Germany, shaking up the traditional banking landscape.
Coming Soon: Revolut ATMs in Spain and Beyond
Starting with Madrid and Barcelona, Revolut will unveil 50 ATMs in the coming weeks. That's just the beginning, as the company plans to deploy an additional 150 devices in cities like Valencia and Malaga. This ambitious move is all about extending the neobank's physical presence.
For Revolut users, this means unlimited, fee-free withdrawals and competitive exchange rates. And here's a game-changer: new customers can create an account, collect their physical card, and start using the ATM within minutes.
Looking to 2026: The German Market Awaits
Spain was chosen as the ideal testing ground for one very good reason. The country still heavily relies on cash, with over 60% of all payments still made in cold, hard cash. Plus, Revolut already boasts a user base of five million in Spain. Germany is set to follow in 2026.
More Than Just an ATM: Enhancing Convenience and Increasing Innovation
Revolut's ATMs are not your typical bank machines. They offer instant card printing, boosting convenience for travelers and shoppers. And, of course, they offer competitive exchange rates, catering to customers who prefer cash transactions or need them occasionally.
By introducing these ATMs, Revolut is looking to enhance user experience, innovation, and market competition. But don't be fooled, this is not a step back. It's a move to modernize traditional banking infrastructure and differentiate itself in the market. With a focus on a seamless and secure transaction experience, Revolut is set to compete more directly with traditional banks and fintech rivals, potentially increasing its market share and customer loyalty.
- Revolut, the disruptive fintech company, is extending its physical presence in Europe by installing ATMs, including in Spain and potential future locations like Germany.
- By installing ATMs, Revolut aims to offer unlimited, fee-free withdrawals and competitive exchange rates, while enhancing user experience, innovation, and market competition, differentiating itself from traditional banks and fintech rivals.
