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
Account closure is permanent and immediate, meaning any transaction records, linked account data, or financial information not downloaded beforehand is effectively inaccessible — this is particularly important for tax records or financial planning purposes.
Revolut's personal terms govern an e-money account, not a traditional bank account, which means your balance is not covered by the FSCS up to £85,000 as it would be at a high street bank; instead, your funds are held in segregated client accounts under a safeguarding regime that provides protection in insolvency but through a different process. Revolut reserves the right to suspend or close your account, restrict access to funds, and share your information with third parties including law enforcement and credit agencies, all of which can have material financial and practical consequences. You can export your account transaction history from the Revolut app at any time, and you should do so before closing your account as historical data may not be accessible after closure.
How other platforms handle this
Apple reserves the right to modify, suspend, or terminate your access to Apple Services and/or your Apple Account at any time, for any reason, including if Apple reasonably believes: (i) you have violated these terms or Apple's usage policies; (ii) you pose risk or possible legal exposure to Apple; ...
Lime reserves the right to (a) modify or discontinue, temporarily or permanently, the Services (or any part thereof); (b) refuse any user access to the Services for any reason, including if Lime believes that user has violated this Agreement; at any time and without notice or liability to you or to ...
Twilio may, without notice, suspend or terminate Customer's account and access to the Services if Customer violates this Agreement, including the Acceptable Use Policy, or if Twilio reasonably believes that Customer's use of the Services is causing harm to Twilio, its network, or third parties.
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"If you need to keep a copy of the information after your Account is closed, you will need to download it while your Account is still active. You can download this information from the app at any time. We will ask you to withdraw any remaining positive Account balance you have including liquidating any other balances you have in other Revolut accounts within the app. When you have liquidated any other balances you have in other Revolut accounts, and your Account balance is zero, we will close your Account, and you will lose access to the app including other Revolut accounts, services, and any cards you have.— Excerpt from Revolut's Revolut Terms of Service
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Account closure is permanent and immediate, meaning any transaction records, linked account data, or financial information not downloaded beforehand is effectively inaccessible — this is particularly important for tax records or financial planning purposes.
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