Revolut welcomes 16-17 year olds to its main app in financial independence push for older teens
Revolut extends access to its retail app to older teens (16-17), with certain limitations, granting more financial autonomy as they grow
16-17 year olds will now be able to enjoy most of the app’s key features including getting salaries paid into their account, directly paying friends and family, budgeting tools and enjoy the same foreign exchange benefits
The accounts match the milestones 16-17 year olds experience, from getting their first job to spending time with friends, young users will now be able to feel more financially independent as they prepare to enter adulthood
Sydney, Australia, 28 November 2025 - Revolut, the global financial app with more than 60 million customers worldwide, has extended access to its retail account for 16-17 year olds, giving them increased financial independence during some of their most formative years.
As Australian teens gain more independence—from getting their first jobs to traveling—they need financial tools that keep up with their lives. Despite this, research from ASIC has revealed that many Gen Z’s feel overwhelmed by finances (Females 87% and Males 77%).
With traditional often falling short for this age group, Revolut is tackling this problem head on by giving 16 and 17-year-olds access to its main app, offering them an independent account to manage their own money. By giving access to its retail app to 16–17 year olds, Revolut is empowering young people to take control of their finances in a way that matches the independence they’re already experiencing.
With access to most of Revolut’s key features, older teens can budget, track spending, and plan ahead — skills that will serve them for life. Graduating from the youngest offering, aimed for 6-15 year olds, these accounts grant more autonomy with less limitations and parental controls, growing with users at every step of their financial journey.
Older teens will now be able to get their salaries paid into their account, budget with pockets and enjoy the same foreign exchange benefits when spending abroad, amongst many more. Certain services including investing and crypto trading will not be accessible, ensuring that their journey into financial adulthood starts on solid ground.
Matt Baxby, CEO Australia, Revolut said, “At Revolut, we believe in empowering young Australians with the tools they need to build confidence with money. Whether it’s getting their first paycheck, saving up for something big, or learning to manage their spending, our new features for 16–17 year olds are designed to help them take control of their finances and prepare for adulthood.”
At the same time, Revolut’s youth account — previously known as Revolut <18 — will now be labelled ‘Kids & Teens’ in the Revolut app. This account continues to service users aged 6-15 under parental supervision. Recent enhancements to this offering include virtual cards, payment links and expanded P2P retail payments for select ages.
About Revolut
Revolut is a global fintech, helping people get more from their money. In 2015, Revolut launched in the UK offering money transfer and exchange. Today, more than 65 million customers around the world use dozens of Revolut’s innovative products to make more than a billion transactions a month. Across our personal and business accounts, we give customers more control over their finances and connect people seamlessly across the world.
