How does Revolut keep my money safe?
What safety measures does Revolut take for UK customers?
Revolut takes extensive measures to safeguard your money, no matter which Revolut entity you’re registered with.
How does Revolut safeguard money for UK customers?
As an e-money institution in the UK, Revolut LTD is required to safeguard your money.
Safeguarding means that we deposit the money we receive from you, or on your behalf, into a client money bank account. We hold these client accounts at a range of large banks that meet both Revolut and our regulator's requirements.
These safeguarding measures protect you against loss caused by possible risk factors. For example, in the unlikely event Revolut were to become insolvent, the money in these accounts would be used to pay our customers before anyone else.
While Revolut has been authorised with restrictions as a bank in the UK, your account continues to be an e-money account (not a bank account) and isn't currently covered by the Financial Services Compensation Scheme (FSCS). Nevertheless, Revolut's safeguarding practices are in place to protect your finances.
For more information about how we protect your funds, visit this page.
What are the safety features of Revolut?
Revolut uses a range of robust features to protect your money and personal data, including:
- Strict identity checks
- Biometric security
- Gambling blocks
- Disposable virtual cards
- And more