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:
- Tap your profile icon in the topleft 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
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.
Revolut isn’t a bank, so we don’t invest or lend customer funds, nor do we pay interest. In the unlikely event of bankruptcy, your money stays safe and untouched in our Tier-1 partner banks — ANZ Singapore and DBS.