Major boost for thousands of Irish as Revolut to launch game-changing new service in MONTHS
REVOLUT is set to launch a game-changing new service for Irish customers in just months.
The company is working towards a soft launch of Irish mortgages before a full roll-out at the end of the year.
Advertisement
2
Revolut may soon offer mortgages in Ireland
Credit: Getty Images - Getty
The neobank, with 50 million customers across the globe, aims to help people 'get more from their money'.
With over three million customers in
The digital bank has been testing out the market and has issued some home loans in
They plan initially to start offering Irish home
Advertisement
READ MORE ON MONEY
Revolut Europe Chief Executive, Joe Heneghan, told
'We think the mortgage process that customers go through at the moment [generally] is unwieldy and can be made a lot slicker.'
Three Irish banks made up 92 per cent of €12.6billion of mortgages issued in Ireland in 2024.
Mr Heneghan explained the banking firm may 'explore' using brokers in the future.
Advertisement
Most read in Money
He also hinted that Revolut would compete on price.
The news comes at a time when around a third of all the children in Ireland have a Revolut under 18 account.
Watch the video to see how Ali got the farmer to pay off her mortgage
Revolut chiefs expect to have onboarded a total of half a million Irish under-18s by the summer with new and innovative features set to further entice parents.
Head of Product, Revolut <18 at Revolut, Carlos Spada, said: 'This feature not only helps to alleviate some of the financial pressure on parents but it also equips youngsters with essential financial literacy skills that will serve them well throughout their lives.
Advertisement
"No matter the sum, whether it's weekly 'pocket money' or funds to serve children for later in life, this really helps.'
There are no account fees for the Revolut <18 app itself and children also get a personalised card.
They can then link up to Apple Pay or Google Pay on their smartphones.
General Manager at Revolut Bank - Ireland Branch, Malcolm Craig said: 'This is yet another example of Revolut having a positive impact on the Irish market — this time for the benefit of children and their parents, many of whom already entrust Revolut with building their own savings balances.'
Advertisement
As well as allowing children to budget and track their spending in real time, the Revolut <18 app also sends parents an instant notification every time their child uses their card.
He added: 'As always, we've delivered this product a little differently to the rest with interest applied daily to help children recognise the value of compound interest.'
2
About a third of all the children in Ireland have a Revolut under 18 account
Credit: Getty Images - Getty
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Agriland
13 minutes ago
- Agriland
2025 cattle export numbers approaching 250,000 head
2025 cattle export numbers to date are approaching 250,000 head, according to latest figures from the Department of Agriculture, Food and the Marine (DAFM). As of Sunday, May 25, a total of 247,000 cattle have been exported, which is an increase of 34,000 head of cattle or 16% on the same time last year. 76% of all cattle exports are calves, accounting for almost 188,000 head of total cattle exports. The table below details cattle exports by type in the first 21 weeks of 2023, 2024 and 2025: 2023 2024 2025 2023/25 2024/25 Calves 178,395 165,836 187,985 +5% +13% Weanlings 13,486 12,926 21,196 +57% +64% Stores 8,984 14,965 14,896 +66% – Adult Cattle 14,018 19,405 23,117 +65% +19% Total 214,883 213,132 247,194 +15% +16% Source: DAFM For the purpose of the table above, calves are classified as all cattle under six-weeks-of-age; weanlings are all cattle from six-weeks-of-age to six-months-of-age; store cattle are all cattle from six-months-of-age to 24-months-of-age; and adult cattle are all cattle from 24-months-of-age upwards. There are 16 main countries to which Irish cattle have been exported to this year. Spain, The Netherlands and Northern Ireland are the three largest market destinations followed by Italy, Poland, and Croatia. The table below details total Irish cattle export numbers by market destination for the first 21 weeks of 2023, 2024 and 2025: Country 2023 2024 2025 2024/25 Spain 50,632 61,612 79,502 +29% The Netherlands 96,905 70,185 75,384 +7% Northern Ireland 20,053 21,188 27,899 +32% Italy 23,393 21,045 24,491 +16% Poland 10,369 10,992 20,296 +85% Croatia – 2,808 2,500 -11% Morocco – 7,322 2,302 -69% Great Britain 1,259 2,705 2,149 -21% Greece 770 1,607 1,989 +24% Algeria – 2,037 1,967 -3% Israel – 3,304 1,855 -44% Romania 1,859 4,691 1,479 -68% Hungary 3,047 2,601 1,117 -57% Portugal 239 – 1,063 – Tunisia 125 407 1,001 +146% Lithuania – – 907 – Other 6,232 628 1,293 +106% Total 214,883 213,132 247,194 +16% Source: DAFM This year has seen a firm trade for cattle with Northern Ireland, with exports of Irish cattle across the border up 31% to just under 28,000 head to date this year. Tighter supplies of cattle for slaughter and further feeding north of the border are some of the key factors understood to be attributing to the stronger export levels here this year. The table below details Irish calf exports by market destination for the first 21 weeks of 2023, 2024, and 2025: Destination 2023 2024 2025 2024/25 The Netherlands 96,624 69,924 74,828 +7% Spain 45,665 55,782 65,701 +18% Poland 10,161 10,867 19,831 +82% Italy 17,760 15,251 15,476 +1% Northern Ireland 4,867 4,472 6,590 +47% Croatia – 2,478 1,970 -21% Romania 1,698 4,655 1,386 -70% Hungary 1,318 2,305 855 -63% Portugal – – 586 – Great Britain 2 1 486 – Lithuania – – 273 – Other 300 101 3 -97% Total 178,395 165,836 187,985 +13% Source: DAFM Market sources have told Agriland there is a growing number of beef-sired calves from the dairy herd being exported in line with calf availability. There is also a growing number of heifer calves being exported with 35,500 exported in the first 18 weeks of this year, up from the 16,300 heifer calves exported in the same time period last year.
Agriland
13 minutes ago
- Agriland
Talking crops' progress and the politics of tillage with IGGG
Irish Grain Growers' Group (IGGG) co-secretary Clive Carter is confident that his winter cereal crops have significant yield potential. According to Carter, this is a direct result of the tremendous start the crops received last autumn and the exceptional early spring growing conditions. The barley was sown out in mid-October and the oats a week later A mix of winter seed barley and gluten free winter oats is grown on the Carter farm, which comprises part of the former National Ploughing Championships' site at Ratheniska in Co. Laois. Carler told Agriland: 'This year we are growing a crop of Orcade winter barley: Enya is the winter oat option. 'Assuming the weather holds, we should be cutting barley around the middle of July. That's about a week earlier than would normally be the case. 'Again, weather permitting, our hopes are high that winter crops will yield well this year.' But it is a slightly different story where spring cereals are concerned. Clive is growing Husky as a spring gluten-free oat option, with Planet the malting barley variety used this year. He explained: 'The spring oats struggled during the recent dry spell. 'We are farming light land, which can dry out quite quickly. The yield potential of the oats was significantly impacted by the total lack of rain during the month of May. 'But we won't know the actual scale of the yield reduction until harvest time.' From an agronomy perspective, the spring crops will receive their final fungicide spray over the coming days. After that it is a case of seeing what the final harvest delivers. The politics of tillage IGGG's other co-secretary, Bobby Miller, was a recent visitor to the Carter farm. Miller told Agriland: 'Grain markets remain in the doldrums. 'Current grower prices are back at 1984 levels, which is totally unacceptable.' Miller acknowledged that winter crops continue to look well. However, the economic outlook for Irish tillage farmers remains exceptionally challenging. 'From a winter cereals' perspective, two of the three factors that combine to deliver true sustainability for grain growers have been in play up to this point: high yield potential and good weather,' he said. 'However, the missing factor is good prices. And the market outlook for the coming harvest is extremely bleak.' IGGG wants to see Irish cereal growers working in partnership with livestock farmers, grain merchants, and feed merchants to deliver equitable returns for all parties involved. Fast maturing winter oats on the Co. Laois farm of Clive Carter At the heart of this envisaged arrangement is a commitment to use Irish grain in ways that deliver sustainable prices for everyone growing and utilising homegrown cereals. According to Miller: 'Grain imports continue to increase. The latest figures would indicate that up to five million tonnes of grains and feed materials are imported into this country on an annual basis. 'A high percentage of these materials are coming from countries outside the European Union. In other words they are grown to standards that would not be permitted of Irish farmers.' Miller noted that genetically modified (GM) crops are also included within these imports. 'And, again, these are crops are not allowed to be grown in Europe,' he said. 'Not for one minute would Grain Growers countenance the production of GM crops in this country. 'However, Irish tillage farmers want a level playing field – this is only right and proper. And there is no reason why the Irish government cannot use tax incentives to help make this happen.' Sustainable tillage farming Miller said that ensuring the economic sustainability of the tillage sector will assist it in improving its sustainability in terms of environmental measures. 'If grain growers are making sustainable returns, then the target contained within the National Climate Action Plan can be met,' Miller stated. 'It envisages the expansion of the tillage sector to 400,000ha by 2030. However, if the crops' sector remains in the doldrums, all of this is just a pipe dream.' Turning to the current politics of tillage farming, the two IGGG representatives made a number of fundamental points. According to Clive Carter, the Food Vision Tillage Group has not met since last August. He stressed: 'This is disappointing, as has been the government's lack of response to the Tillage Vision Group report. 'Yes, we have seen moves made on the issue of noxious weeds. But even here, the outcomes to date have been underwhelming. 'Blackgrass has been officially declared a noxious weed. However, little or no checking of straw consignments coming in from England takes place at Irish ports. 'Imported straw and machinery continue to represent the most important sources of Blackgrass contamination impacting on this country.' Meanwhile, Bobby Miller pointed to the pre-election promises made to tillage farmers by the two main parties in the current government. Miller said: 'Both Fianna Fáil and Fine Gael promised an additional €300 million of support to the tillage sector during the lifetime of the current parliament. 'This works out at €60 million per annum. But, as yet, we have heard nothing about the ways in which this extra support funding will be spent.' IGGG is also campaigning to have the annual funding made available for the Straw Incorporation Measures to be increased from the current €10 million per annum threshold up to €15 million Clive Carter added: 'We believe there is scope to make this happen during the lifetime of the current CAP.' IGGG crops walk IGGG will host a crops walk on the farm of the Miller family at Rathcrea, Vicarstown, Co. Laois on Friday, 13 June. Events get underway at 10:45a.m. The guest speaker at the event will be Fianna Fáil MEP, Barry Cowan.
Irish Examiner
2 hours ago
- Irish Examiner
Everything from dinosaurs to dining sets at two summer sales
Home or garden? The choice is yours at two appetising sales next week, the At Home online sale at James Adam in Dublin on Wednesday (June 11) and the two-day summer garden sale by Victor Mee in Cavan on the evenings of Tuesday and Wednesday. Top lots at Adam's range from Playing in the Sand (€4,000-€6,000), a lovely summer scene by Dorothea Sharp (1874-1955, through a Louis Quinze ormolu-mounted longcase clock (€3,000-€5,000), an Irish Regency oval beaded wall mirror (€3,000-€5,000) and a Milkmaid pattern Irish silver tea set (€2,500-€3,500). A wrought-iron glasshouse in Victorian style, complete with modern accoutrements like remote control glass and automated vents (€18,000-€22,000) leads the offerings at Victor Mee. A Regency oval beaded mirror at James Adam. Lifesize bronze sculptures of a horse and jockey and a galloping horse are estimated at €10,000-€20,000 each, while bronze-effect statues on pedestals of The Four Seasons, a bronze fountain with Mercury and a pair of 19th-century wrought-iron entrance gates are all estimated at €8,000-€12,000. One of the more unusual At Home lots, for use when away, is a complete set of early 20th-century 40 nautical signal flags. Originally drafted in 1855, the code is an international system of signals used by ships to convey important information on safety and navigation. The flags are in a fitted timber case with brass carrying handles and are estimated at €400-€600. With more than 500 lots, the last At Home sale before the summer features a diverse range of home objects, including a pair of brass-framed circular hall lanterns, an Edwardian club fender, and a pair of 19th-century Sitzendorf porcelain wall sconces. A bleached timber library table at James Adam. There are lots of chairs like sofas and Chesterfields, a set of eight Windsor-style oak and elmwood kitchen chairs, a pair of French 19th-century two-seater settees, a pair of red leather wingback armchairs, a George II walnut armchair, a pair of library armchairs, green leather button back chairs, a set of c1820s provincial Irish dining chairs along with Victorian and Edwardian dining chair sets. Among the artworks on offer are two botanical watercolours by Wendy Walsh and Cattle Watering by Thomas Sydney Cooper. A pair of giltwood and marble figural console tables, a bleached timber library table, Georgian and Regency dining tables, side tables and card tables feature along with collectables like silver, clock sets and a Baccarat three-light candelabra. At Victor Mee's sale, you will find exceptional urns and planters, a private collection of antique stone troughs and an obelisk gifted by the Chinese government to the Hely-Hutchinson family at Knocklofty House in Clonmel. The two-day sale features over 850 lots of garden statuary, furniture and architectural features. An obelisk gifted by the Chinese government at Victor Mee. There is a focus too on animal garden statuary with an emphasis on native Irish wildlife. This is an area of collection which the team at Victor Mee has noted is growing in popularity as animal sculptures are increasingly used to add character and whimsy to Irish gardens. Among the offerings are hares dancing, a lifesize bronze sheep, bronze pigs, a cast-iron red squirrel and a pair of boxing hares. A raptor for your garden at Victor Mee. More exotic creatures include a bronze elephant with a Dali-style decoration and a bronze velociraptor. As always, there is a good selection of antique and vintage outdoor furniture. Catalogues for both sales are online.
