Need a hand?

This means your funds will be deposited with Revolut Bank and covered by the Financial Services Compensation Scheme (‘FSCS’).

If Revolut Bank were to go insolvent, up to £120,000 of eligible deposits in your bank account will be protected by the FSCS. Whether a deposit is eligible for protection depends on the specific product as set out below.

• Current account (GBP & non-GBP sub account) balances.
• Kids & Teens accounts, if you're the main parent.
• Pocket balances.
• Group Pockets balance, if you're the person who opened the Group Pocket.
• Revolut Pro account balances (GBP & non-GBP sub-accounts).
• Joint accounts. The balance is split 50-50 between the account holders. This means each holder is eligible for compensation up to the max limit of £120,000. So, if a joint account has a total balance of £150,000, each account holder’s share would be £75,000, and would be covered under the FSCS.

For more information on how your protection works, read our FSCS Information Sheet and Exclusions List.

Before your account was moved, funds in your e-money account were safeguarded. Safeguarding helps protect you if Revolut Ltd were to become insolvent, and — as an electronic money institution — Revolut Ltd is required to safeguard your funds under the UK electronic money regulations.

Once your account has been moved to Revolut Bank, safeguarding no longer applies.

For information on how funds in your Savings accounts are protected, read this FAQ. Products that are not listed above, including Crypto, Commodities, or Stocks, are provided by different entities and don't fall under Revolut Bank UK Ltd FSCS protection.