Lithuanian bank Revolut has chosen Spain to start the roll-out of its first ATM network. The first 50 units will be launched in the coming weeks in Madrid and Barcelona, making Spain the first market for Revolut’s new physical product. From 2026, it will subsequently be extended to other European markets, such as Germany, Italy and Portugal.

Revolut’s new ATMs will be innovative inside and out, with a large 32-inch touchscreen offering an intuitive user experience. While the look and feel has opted for a sleek design, the machine itself has been modernised to provide a fast, secure and convenient experience, with unlimited free withdrawals, no customer fees and physical card dispensing. In the longer term, they will also accept cash deposits.

Those who withdraw money in a currency other than their own will be able to do so at the same exchange rate offered by the app, with no additional fees. They can also be used by non-customers, who will find a competitive commission compared to those at other banks or, if they prefer, they can open an account in a few minutes at the ATM itself and obtain a free physical card instantly to benefit from the conditions reserved for customers.

200 units
With what it defines as the reinvention of “one of the most neglected financial areas of infrastructure”, the company is taking an important step: from being an app to having a physical presence that can offer greater convenience to its users. The pilot experience in Spain will be extended after the deployment of the first 50 units, with a further 150 in other major capitals, such as Valencia and Malaga.

The ATMs will be strategically placed in prominent, high-traffic locations. Users can use the app to find out where the nearest ATM is located via an integrated map that includes details like opening hours, addresses and directions.

Cash payments
Revolut has chosen Spain because it remains one of the most cash-dependent economies in Europe, as well as other factors. According to data from the Bank of Spain to which the company refers, cash payments account for over 60% of the total at points of sale. Another factor has been the app’s strong presence in the country, with close to 5 million customers.

Manjot Bhatia, Operating Partner at Revolut, explained, “The launch of our own ATM network is a fundamental step in bringing Revolut’s vision closer to our customers, offering a truly global and seamless financial experience. By reinventing one of banking’s most essential physical touchpoints, ATMs, we are not only offering smarter access to cash, but also strengthening our brand presence, deepening interaction and laying the foundation for the next phase of our growth in Europe.

^{Photo: Revolut}