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How are the funds in my Savings accounts protected?

We ensure that all deposits in your savings are held in a trust, adhering to our Savings Terms and Trustee Terms and the Trust Deed. To gain a deeper understanding of these protections and how we keep your savings safe, and to learn more about the trustee in-app:

  • Go to 'Home' on the bottom menu
  • Below your balance, tap 'Accounts'
  • Select your Savings account
  • Tap 'Info'

We only choose to partner with banks that are part of the Deposit Guarantee Scheme (DGS).

How we handle your deposits

Money you deposit in a savings is placed with a partner bank by the trustee on your behalf. It's always held in a segregated trust account operated by the trustee, ensuring your funds are secure. The bank acts as the deposit taker, not the trustee or Revolut, providing an added layer of security.

How to check your savings protection

To check which bank(s) hold your deposits and see protection details, follow these steps in-app:

  • Go to 'Home' on the bottom menu
  • Below your balance, tap 'Accounts'
  • Select your Savings account
  • Tap 'Info'