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Red, White, And Blue Voyages > Blog > Insights > Revolut to Install First ATMs in Spain, Plans to Reach 200 by 2026
Insights

Revolut to Install First ATMs in Spain, Plans to Reach 200 by 2026

Pat Crawley
Last updated: June 4, 2025 9:51 am
Pat Crawley
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43 Min Read
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Revolut to Install First ATMs in Spain, Plans to Reach 200 by 2026
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2025-06-04T11:51:03.615+02:00

Wednesday, 04/06/2025 | 09:51 GMT by Arnab Shome

  • The first batch of 50 ATMs will be installed in Madrid and Barcelona.
  • The company plans to install three to five new ATMs each week.

Revolut

British fintech firm Revolut will launch its first automated teller machines (ATMs) next Monday in Madrid and Barcelona, two major Spanish cities.

The company will initially deploy 50 ATMs and plans to expand to up to 200 across four Spanish cities—Barcelona, Madrid, Valencia, and Malaga—over the next two years. It aims to install three to five new machines each week.

A “Cashless” Firm, While “Cash Remains Important”

These ATMs will allow non-registered users to obtain a Revolut debit card on the spot and use it without any charge. However, a fee will apply when withdrawing money using debit cards from other banks.

Antonie le Nel, Chief Growth and Marketing Officer at Revolut

Speaking to the local press, Antonie le Nel, Chief Growth and Marketing Officer at Revolut, highlighted that Spain will be the first market to test the next phase of the “cashless organisation” but acknowledged that “cash is still important.”

He also revealed that one in ten Spaniards is a Revolut customer. Spain is Revolut’s second-largest market in continental Europe, with nearly 5 million users—behind only France, where it has more than 5 million customers. The United States, with over 11 million customers, remains Revolut’s largest market.

Revolut’s European Expansion

FinanceMagnates.com previously reported that Revolut plans to invest more than €1 billion (US$1.1 billion) in France and apply for a French banking licence. The firm also aims to grow its user base in the country to 10 million by the end of next year and 20 million by 2030.

Although Revolut operates across the European Union with a banking licence from Lithuania, it only received a similar licence in the UK last year. However, it has yet to launch services under the UK banking licence. Meanwhile, the neobank has also applied for a banking licence in New Zealand.

Revolut positioned itself as a challenger bank with its app-based platform. It is now leveraging its large customer base to expand its product offering. Last year, it partnered with CMC Connect to offer contracts for differences (CFDs) in three European countries, with plans for further expansion.

British fintech firm Revolut will launch its first automated teller machines (ATMs) next Monday in Madrid and Barcelona, two major Spanish cities.

The company will initially deploy 50 ATMs and plans to expand to up to 200 across four Spanish cities—Barcelona, Madrid, Valencia, and Malaga—over the next two years. It aims to install three to five new machines each week.

A “Cashless” Firm, While “Cash Remains Important”

These ATMs will allow non-registered users to obtain a Revolut debit card on the spot and use it without any charge. However, a fee will apply when withdrawing money using debit cards from other banks.

Antonie le Nel, Chief Growth and Marketing Officer at Revolut

Speaking to the local press, Antonie le Nel, Chief Growth and Marketing Officer at Revolut, highlighted that Spain will be the first market to test the next phase of the “cashless organisation” but acknowledged that “cash is still important.”

He also revealed that one in ten Spaniards is a Revolut customer. Spain is Revolut’s second-largest market in continental Europe, with nearly 5 million users—behind only France, where it has more than 5 million customers. The United States, with over 11 million customers, remains Revolut’s largest market.

Revolut’s European Expansion

FinanceMagnates.com previously reported that Revolut plans to invest more than €1 billion (US$1.1 billion) in France and apply for a French banking licence. The firm also aims to grow its user base in the country to 10 million by the end of next year and 20 million by 2030.

Although Revolut operates across the European Union with a banking licence from Lithuania, it only received a similar licence in the UK last year. However, it has yet to launch services under the UK banking licence. Meanwhile, the neobank has also applied for a banking licence in New Zealand.

Revolut positioned itself as a challenger bank with its app-based platform. It is now leveraging its large customer base to expand its product offering. Last year, it partnered with CMC Connect to offer contracts for differences (CFDs) in three European countries, with plans for further expansion.

Arnab Shome
  • 6938 Articles
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Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

  • 6938 Articles
  • 119 Followers

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In this video, we review Hola Prime, a proprietary trading firm offering funded accounts to skilled traders. We cover everything from their one-hour payout system and compliance structure to their evaluation models and trading platforms. 📌 Topics covered: 🔹What Ola Prime is and how it works 🔹One-phase and two-phase evaluation process 🔹Profit targets, drawdown rules, and account funding 🔹Supported platforms: MT5, cTrader, Match Trader, DX Trade 🔹Fees and refund policy 🔹Customer feedback and coaching support 🔹Risk alerts and payout speed If you’re considering joining a prop firm, this review gives you a full breakdown of what to expect from Hola Prime. 💬 Share your experiences in the comments. 🔔 Don’t forget to like, subscribe, and hit the bell for more trading reviews. To learn more or open an account, visit: https://holaprime.com/ Connect with us today: 🔗 LinkedIn: / financemagnates 👍 Facebook: / financemagnates 📸 Instagram: / financemagnates_official 🐦 X: https://x.com/financemagnates? 🎥 TikTok: https://www.tiktok.com/tag/financemag… ▶️ YouTube: / @financemagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

In this video, we review Hola Prime, a proprietary trading firm offering funded accounts to skilled traders. We cover everything from their one-hour payout system and compliance structure to their evaluation models and trading platforms. 📌 Topics covered: 🔹What Ola Prime is and how it works 🔹One-phase and two-phase evaluation process 🔹Profit targets, drawdown rules, and account funding 🔹Supported platforms: MT5, cTrader, Match Trader, DX Trade 🔹Fees and refund policy 🔹Customer feedback and coaching support 🔹Risk alerts and payout speed If you’re considering joining a prop firm, this review gives you a full breakdown of what to expect from Hola Prime. 💬 Share your experiences in the comments. 🔔 Don’t forget to like, subscribe, and hit the bell for more trading reviews. To learn more or open an account, visit: https://holaprime.com/ Connect with us today: 🔗 LinkedIn: / financemagnates 👍 Facebook: / financemagnates 📸 Instagram: / financemagnates_official 🐦 X: https://x.com/financemagnates? 🎥 TikTok: https://www.tiktok.com/tag/financemag… ▶️ YouTube: / @financemagnates_official Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

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