How does Revolut keep my money safe?
What safety measures does Revolut take?
Revolut takes extensive measures to safeguard your money, no matter which Revolut entity you’re registered with.
Our services in Switzerland are provided by either Revolut Bank UAB or Revolut Ltd. To check which entity your account is managed by:
- Tap your profile icon in the top left corner
- Scroll to the bottom of the page
- Find the name of the Revolut branch you're registered to at the very bottom of the page
If you're registered with the Revolut LTD entity
As an e-money institution, Revolut LTD is required to safeguard your money.
These safeguarding measures protect you against loss caused by possible risk factors. For example, in the unlikely event Revolut were to become insolvent, the money in these accounts would be used to pay our customers before anyone else.
Revolut is authorised with restrictions as a bank in the UK, but your account remains an e-money account (not a bank account) and isn’t covered by FSCS. However, Revolut applies safeguarding practices to keep your money protected at all times.
If you're registered with the Revolut Bank UAB entity
Almost all deposits with Revolut Bank UAB are insured by Lithuania’s Deposit and Investment Insurance. If Revolut Bank UAB couldn’t meet its obligations, this institution would compensate depositors under the deposit insurance scheme.
The maximum amount of insurance compensation for deposits with Revolut Bank UAB for a single depositor is €100,000. The amount of deposit insurance compensation is determined by aggregating all the deposits held with Revolut Bank UAB.
What are the safety features of Revolut?
Revolut uses a range of robust features to protect your money and personal data, including:
- Strict identity checks
- Biometric security
- Gambling blocks
- Disposable virtual cards