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Are funds in my independent teen account FSCS protected?

Yes, your funds are FSCS protected

Funds in your current account will be deposited with Revolut Bank and covered by the Financial Services Compensation Scheme (‘FSCS’)

What does this mean?

If Revolut Bank were to go insolvent, up to £120,000 of eligible deposits in your bank account will be protected by the FSCS.

What about my savings?

For information on how funds in your Savings account are protected, please read this FAQ.