Is Revolut safe? Licences, deposit protection and what is not covered

In short: Revolut is a regulated, licensed bank in both the EEA and the UK, so eligible money in your current account is covered by a state deposit guarantee, up to €100,000 in the EEA or £120,000 in the UK. Not everything in the app is a deposit, though. Investments, crypto and money market funds work differently, so it pays to know which part of Revolut holds your money.

Which Revolut company holds your money

Revolut is a group of companies, and the one you deal with depends on where you live and which product you use.

According to Revolut, its UK bank has been fully licensed, without restrictions, since March 2026. Before that, UK customers were served by Revolut Ltd, an e-money company, and their money was safeguarded rather than covered by the FSCS. Revolut says some UK customers are still being moved to bank accounts: you can see which company holds your account under Details in the app.

How the deposit guarantee works

In the EEA

Revolut's deposit insurance information sheet says that eligible deposits at Revolut Bank UAB are covered up to €100,000 per depositor. The key points:

• The limit applies to all your deposits at Revolut Bank UAB added together, not per account or per currency.
• For joint accounts, the limit applies to each owner separately.
• If the bank fails, compensation is paid in euro within 7 working days.
• Certain temporary high balances can be protected above €100,000, for example money from selling your home (if it arrived up to 6 months earlier), an inheritance or a life insurance payout.
• Electronic money is not covered, nor are deposits of banks, investment funds and some other institutions.

In the UK

Revolut's help pages say eligible deposits with Revolut Bank UK Ltd are protected by the FSCS up to £120,000. This covers current accounts in pounds and other currencies, Pockets and Group Pockets, Kids & Teens accounts, joint accounts (each holder covered individually) and Revolut Pro accounts.

UK savings accounts work differently: Revolut says they are held with third-party partner banks, and are FSCS protected up to £120,000 per partner bank. The partner bank is named in the app and in your Savings terms. If you also hold money directly with that partner bank, it counts towards the same limit.

What is not covered by a deposit guarantee

Some products in the Revolut app are provided by other Revolut companies or are investments, not deposits:

• Stocks, commodities and crypto. Revolut says these are provided by different entities and are not covered by Revolut Bank UK Ltd's FSCS protection. Their value can also go down.
• Flexible Cash Funds. In several EEA countries, Revolut offers these funds, which invest in a money market fund. Revolut's own help page warns that a money market fund "isn't a guaranteed investment" and that there is a risk of losing part of the money invested.
• Balances above the limit. Anything above €100,000 or £120,000 (outside the temporary high balance cases) is not covered.

If an interest rate or a feature in the app looks like savings, check whether it is a deposit or a fund before you move a large amount.

Security features in the app

Deposit protection covers the bank failing. Day-to-day safety is more about fraud and lost phones. Revolut lists these tools:

• Login with PIN, passcode or biometrics, plus one-time codes by SMS when needed.
• Card freeze and unfreeze in the app.
• Disposable virtual cards whose details change after each payment.
• Payments started on a computer must be approved in the mobile app.
• Scam warnings and questions before risky payments, and a check when you pay a new recipient.
• Optional extra biometric checks on large withdrawals, and tools to lock the account if you lose your phone.

Revolut also says it will never call you without first verifying its identity in the app. If someone calls claiming to be Revolut and asks you to move money, end the call and contact support through the in-app chat.

Regulatory record

A licence does not mean a provider is perfect. In April 2025, the Bank of Lithuania fined Revolut Bank UAB €3.5 million for weaknesses in how it monitored customer transactions under anti-money laundering rules. Revolut agreed to an administrative settlement and a plan to fix the problems; the investigation did not find confirmed cases of money laundering. For customers, the practical side of strict anti-money laundering checks is that accounts can sometimes be restricted while the provider reviews activity. Our guide on what to do if a neo bank freezes or closes your account explains your options.

How to check your own Revolut account

1. Open the app and look at your account Details to see which company holds it.
2. Check that company on the regulator's register: the FCA register in the UK, or the Bank of Lithuania in the EEA.
3. Keep eligible deposits below the protection limit at any single bank if you want them fully covered.
4. Treat stocks, crypto and money market funds as investments, not as savings.

Summary

For eligible balances in your current account, Revolut offers the same type of state deposit protection as a traditional bank in the EEA or the UK. The main things to watch are which Revolut company holds each product, the per-bank limit and the products that are investments rather than deposits.

Compare Revolut's fees and protection with other providers on the Revolut page and in our neo bank comparison, or read our general guide Is my money safe in a neo bank? and Revolut vs Wise.

Sources

• Revolut Bank UAB: Deposit insurance information
• Revolut: Is Revolut now a fully licensed bank in the UK?
• Revolut Help: Now that Revolut is a bank in the UK, how is my money protected?
• Revolut Help: Is my savings account FSCS protected?
• Revolut Help: Flexible accounts, risk level and taxes
• Revolut: Is Revolut safe?
• LRT: Revolut Bank fined €3.5m for breaching anti-money laundering rules

Prices and features checked on 2026-10-27.

This guide is general information, not financial advice. Fees, features and availability change, so check the provider's own website before you apply. Read how we compare providers and our affiliate disclosure.