When you open or use a Revolut account, Revolut and its agents collect information about you and your finances, including running credit checks. How this data is used is set out in a separate Privacy Notice, which is incorporated by reference but not reproduced in these terms.
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
Credit checks and identity verification create data footprints with credit reference agencies that could affect your credit file and ability to access financial products elsewhere. The full scope of data sharing is governed by a separate document, meaning consumers must review two documents to understand their data rights.
Interpretive note: The full scope of data sharing is governed by a separate Privacy Notice not reproduced in these terms, creating uncertainty about the complete range of third-party data recipients and legal bases for processing.
Revolut shares personal and financial data with third parties including credit reference agencies and fraud prevention organisations as part of account opening and ongoing compliance, which can affect your credit profile and financial data records held by those agencies.
How other platforms handle this
We will also provide an individual opt-out choice, or opt-in for sensitive data, before we share your data with third parties other than our agents, or before we use it for a purpose other than which it was originally collected.
to request that your data be transferred to a third party (data portability)
Your organization may allow you to access and export your data in order to back it up or transfer it to a service outside of Google.
"When you ask us to open an Account, we or someone acting for us will ask for information about you and where the money you will put in your Account comes from. We do this for a number of reasons, including to check your credit score and identity, and to meet our legal and regulatory requirements. Our Customer Privacy Notice (accessible here) explains more about how we use your information for these and other purposes.Excerpt from Revolut's Terms of Service
REGULATORY LANDSCAPE: This provision engages UK GDPR as implemented by the Data Protection Act 2018, the FCA's rules on customer due diligence under the Money Laundering Regulations 2017, and the Credit Reference Agency information notices …
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
Ad personalization controls removed. Contact scanning added. Advertiser data partnerships quietly dropped. A timeline of every change.
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Credit checks and identity verification create data footprints with credit reference agencies that could affect your credit file and ability to access financial products elsewhere. The full scope of data sharing is governed by a separate document, meaning consumers must review two documents to understand their data rights.
Revolut shares personal and financial data with third parties including credit reference agencies and fraud prevention organisations as part of account opening and ongoing compliance, which can affect your credit profile and financial data records held by those agencies.
ConductAtlas has identified this type of provision across 290 platforms. See the full comparison.
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