Is Revolut New Zealand a bank?
From 3 November 2026, Revolut Bank New Zealand Limited (Revolut New Zealand) is a registered bank in New Zealand.
What does that mean for me?
The money you hold in your Personal account, Joint account, Kids & Teens account, and Savings accounts is deposited with Revolut Bank New Zealand and held as a deposit in accordance with our account terms.
Eligible deposits held in NZD are protected by the New Zealand Depositor Compensation Scheme (DCS). Deposits held in foreign currencies (non NZD) and balances in trading, cryptocurrency, and commodities you hold with us are not covered by the DCS.
You can find out which Revolut products are protected on our Depositor Compensation Scheme page. For more information, visit the Reserve Bank of New Zealand's DCS page.