Revolut has launched a new app feature that will enable three million customers to access their salary a day early each month.

The feature has been made possible by payment partner Modulr, one of the few non-banks to have direct access to the Bank of England, including for Bacs and the Faster Payments network.

Customers who would usually be paid on a Monday will now be able to access their salaries the Friday before thanks to Modulr’s automated payments access.

“Early access to salaries could be a genuine lifeline for many during these tough economic times. Our aim is always to provide Revolut customers with services they need and the best possible experience,” said Nik Storonsky, chief executive and founder, Revolut. “With Modulr we’ve been able to deliver better services and experiences to millions of UK customers. We’re looking forward to future innovation and to launching many more exciting products for Revolut customers.”

Revolut has used Modulr’s Application Programming Interface (API) platform since 2017.

The collaboration has enabled Revolut to develop and launch multiple everyday services for its 13-million strong customer base.

Myles Stephenson, chief executive and founder of Modulr, commented on the move: “Revolut continues to go from strength to strength, as it asserts itself as the go-to challenger for consumers eager to have greater ease, access and control of their money. Utilising our APIs and direct access to the Bank of England, Revolut can offer their customers payments solutions fit for this new normal we find ourselves in - where payments need to be instant, flexible and reliable.”

Share Story: