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Italian Regulator Fines Revolut €11 Million Over Alleged Misleading Practices

By  |  April 2, 2026

Italy’s competition watchdog has imposed a fine exceeding €11 million on Revolut, citing concerns over misleading information and aggressive account management practices, according to a statement released Thursday.

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    The Italian Antitrust Authority said the penalty targets both Revolut Securities Europe UAB and Revolut Group Holdings Ltd. The regulator found that the companies did not adequately inform customers about additional costs and limitations tied to commission-free investment services, per a statement.

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    According to a statement, the authority highlighted that some of the investment offerings included fractional shares, which differ significantly from full shares in terms of risks, ownership rights, and transferability. The regulator warned that these distinctions were not clearly communicated to users, potentially leading to confusion among investors.

    In addition to concerns about investment transparency, the authority said Revolut engaged in aggressive practices related to the suspension and restriction of customer accounts. Per a statement, the regulator noted that key details regarding the terms and procedures governing such actions were not properly disclosed. As a result, some users were reportedly unable to access their funds for extended periods.

    Revolut has pushed back against the findings, stating it disagrees with the regulator’s conclusions and intends to appeal the fine. The company said it remains “confident that our communications are clear and transparent.” It added, “The protection of our millions of customers is our top priority,” and emphasized that it operates in line with stringent Italian banking standards.

    The case underscores ongoing scrutiny of fintech companies across Europe, particularly around transparency in financial products and the handling of customer accounts.

    Source: ANSA