Revolut Terms of Service

This document governs the Revolut Personal Account (an e-money account) and all related services offered by Revolut Ltd, a UK FCA-authorised e-money institution (firm reference 900562) operating under the Electronic Money Regulations 2011, with the updated terms effective 13 February 2026 for existing customers. The agreement states that Revolut may suspend or close accounts without prior notice in circumstances including suspected fraud, regulatory obligations, or breaches of terms; the terms authorize Revolut to change fees and conditions with as little as two months' notice via in-app communication, with continued use constituting acceptance. Notably, the agreement explicitly states that customer funds are not covered by the Financial Services Compensation Scheme (FSCS), relying instead on a safeguarding regime under the Electronic Money Regulations; while this is standard for FCA-authorised e-money institutions, it is operationally distinct from retail banking and may not be fully understood by consumers who equate Revolut with a traditional bank. The document engages the Electronic Money Regulations 2011, the Payment Services Regulations 2017, FCA Consumer Duty, and UK GDPR; regulatory applicability is primarily UK-focused given Revolut Ltd's authorisation, though separate entity terms apply to customers in the EU, EEA, and other jurisdictions. Material compliance considerations include the adequacy of safeguarding disclosures in light of FCA expectations around Consumer Duty, the treatment of 16-17 year old account holders under Schedule 1, and the scope of automated fraud-related account restrictions that may be imposed without advance notice.