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.
New provision introduces conditional FDIC deposit insurance coverage dependent on meeting unspecified requirements, creating uncertainty about actual coverage scope and conditions.
View full 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.
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See how other platforms handle FDIC Insurance — Conditional Pass-Through Coverage and similar clauses.
Compare across platforms →FDIC pass-through insurance for prepaid card accounts is not automatic — it depends on record-keeping and eligibility conditions that may require the consumer to verify compliance, meaning your funds may not be fully protected if those conditions are not satisfied.
(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. The FDIC's Prepaid Cards and Deposit Insurance Coverage guidance sets out conditions including that the account must be established for the benefit of identifiable individuals and appropriate records must be maintained. The Prepaid Accounts Rule (12 CFR 1005.18) requires disclosure of FDIC insurance status. (2)
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