How does Revolut keep my money safe?
How Revolut safeguards your money varies depending on the Revolut entity you’re registered to. To find out which Revolut entity you're registered to:
- Click on the 'Profile' icon (top left of the Home screen) in-app
- 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
How are customer funds secured and stored within Revolut’s system?
We hold customer money in accounts at ANZ Bank Singapore - Australia and New Zealand Banking Group Limited (ANZ), Singapore Branch and DBS Bank Limited (DBS), Singapore Branch. The funds are safeguarded as per rules set in the Payment Services Act in accounts we hold with ANZ Singapore and DBS.
What if Revolut becomes insolvent?
Customer funds are stored under segregated accounts at ANZ Singapore and DBS. As per requirements from the Monetary Authority in Singapore ('MAS'), Revolut’s customers’ funds are kept separately from Revolut's own funds.
We don't invest customer funds in any way as we aren't a bank. In the event of an insolvency of Revolut, you'll be able to claim your funds from this segregated account and your claim will be paid above all other creditors.
Since Revolut isn't a bank, we aren't able to invest in or loan our customer’s funds in any way. We also don't offer interest on our accounts, which is why — as with all Revolut entities — in the unlikely event of our bankruptcy, our customer’s funds remain untouched in our Tier-1 partner banks, ANZ Singapore and DBS.