Revolut keeps your money in separate accounts at major banks or in regulator-approved low-risk investments, so it is kept apart from Revolut's own money and protected if Revolut becomes insolvent.
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 safeguarding mechanism is the primary consumer protection for Revolut account holders in lieu of FSCS coverage, and the choice of safeguarding counterparty banks and approved assets affects how quickly and completely funds could be recovered in an insolvency.
Your money is held in client accounts at large commercial or central banks or in low-risk regulator-approved assets, which means it is protected from Revolut's creditors in an insolvency; however, the specific banks or assets used are not disclosed in these terms, meaning you cannot independently assess the counterparty risk.
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"When we receive that payment or the money you add, we quickly either: place it into one of the dedicated client money bank accounts that we hold with large commercial or central banks (client money accounts keep your money separated from our own money, and the types of banks we can use are set by regulations); or invest it in low-risk assets that have been approved by our regulator, which are also kept in dedicated client accounts with financial institutions.Excerpt from Revolut's Terms of Service
REGULATORY LANDSCAPE: This provision directly implements the safeguarding requirements of the Electronic Money Regulations 2011 (regulations 19-22) and the FCA's Approach Document for Payment Institutions and Electronic Money Institutions.
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The safeguarding mechanism is the primary consumer protection for Revolut account holders in lieu of FSCS coverage, and the choice of safeguarding counterparty banks and approved assets affects how quickly and completely funds could be recovered in an insolvency.
Your money is held in client accounts at large commercial or central banks or in low-risk regulator-approved assets, which means it is protected from Revolut's creditors in an insolvency; however, the specific banks or assets used are not disclosed in these terms, meaning you cannot independently assess the counterparty risk.
ConductAtlas has identified this type of provision across 287 platforms. See the full comparison.
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