Your money is protected by FDIC insurance through Lead Bank, but only if certain conditions are met — it is not automatically guaranteed without you taking steps to ensure eligibility.
This analysis describes what Revolut's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The operational significance of this clause is that it establishes the basis for deposit insurance protection of account funds and explicitly references that such protection is conditional on meeting FDIC requirements, which are defined outside the Revolut terms. This creates a dependency on third-party regulatory criteria for the availability of insurance coverage.
The updated Terms of Service no longer document the Move Money Rules feature, which previously allowed users to set up automatic fund transfers across account pockets or currency exchanges based on custom conditions. The removal of this documentation means users cannot point to the terms as a reference for how this feature operates, what limits apply, or what fees may be charged. If the feature remains available in the app, its operational parameters are no longer formally described in the binding terms document.
View change record →Your Revolut funds are held at Lead Bank and are eligible for FDIC insurance up to $250,000, but this protection is conditional on meeting specific requirements — you should verify your eligibility through the FDIC and Cardholder Agreement to ensure your money is protected.
Cross-platform context
See how other platforms handle FDIC Insurance — Conditional Pass-Through Coverage and similar clauses.
Compare across platforms →"The funds that you deposit in your Revolut Card account are held by Lead Bank and are insured by the FDIC up to applicable limits in the event of the bank's failure, if specific deposit insurance requirements are met. See FDIC-Prepaid Cards and Deposit Insurance Coverage for details.Excerpt from Revolut's Terms of Service (Superseded URL)
(1) REGULATORY FRAMEWORK: FDIC pass-through deposit insurance for prepaid accounts is governed by 12 CFR Part 330 and FDIC guidance on pass-through insurance for pooled deposit accounts.
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The operational significance of this clause is that it establishes the basis for deposit insurance protection of account funds and explicitly references that such protection is conditional on meeting FDIC requirements, which are defined outside the Revolut terms. This creates a dependency on third-party regulatory criteria for the availability of insurance coverage.
Your Revolut funds are held at Lead Bank and are eligible for FDIC insurance up to $250,000, but this protection is conditional on meeting specific requirements — you should verify your eligibility through the FDIC and Cardholder Agreement to ensure your money is protected.
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