You asked: Does Revolut have FSCS protection?

Is Revolut UK FSCS protected?

Because the account you hold with us is an electronic money account (not a bank account), your money is not covered by the Financial Services Compensation Scheme.

Is Revolut safe for savings UK?

Is my money safe with Revolut? Yes. As Revolut is a bank its customers are covered by the ‘bank guarantee’. You may be familiar with the Central Bank’s Deposit Guarantee Scheme (DGS).

Is Revolut safe to keep money?

We take safety and security seriously. Your money is kept safe with our global banking partners, we’re 7x better at stopping card fraud than the high street banks, and you can stay in control with our in-app security features.

What if Revolut goes bust?

What Happens If Revolut Goes Bust? Revolut is not protected by Financial Services Compensation Scheme as it does not have a Uk banking license. However, if Revolut was to go bust, your funds can be claimed from your segregated account and will be prioritised over other creditors.

Is Revolut considered a UK bank?

Revolut is a British financial technology company that offers banking services. Headquartered in London, it was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko.

Revolut.

Type Private
Industry FinTech
Founded 1 July 2015
Founder Nikolay Storonsky Vlad Yatsenko
Headquarters London, England, UK
IMPORTANT:  How do I access a secure website?

Can you get scammed on Revolut?

Revolut has issued a fresh scam warning to Irish customers along with advice on how to avoid fraudsters. The banking company alerted users about scam calls that aim to part people with their money.

Are Revolut in trouble?

On the Revolut status page, Revolut has confirmed that there have been issues since 11.30am, affecting users’ ability to sign, make card payments, topping up via bank card, transfers, currency exchange, and card delivery.