“The money in your Account isn't covered by the Financial Services Compensation Scheme (because it's safeguarded instead).”
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FSCS exclusion means customers do not have the statutory deposit protection guarantee of up to £85,000 that applies to traditional bank accounts; their protection relies on safeguarding arrangements instead.
Readers are informed that their Revolut Account funds do not benefit from FSCS protection.
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"The money in your Account isn't covered by the Financial Services Compensation Scheme (because it's safeguarded instead).Excerpt from Revolut's Terms of Service
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FSCS exclusion means customers do not have the statutory deposit protection guarantee of up to £85,000 that applies to traditional bank accounts; their protection relies on safeguarding arrangements instead.
Readers are informed that their Revolut Account funds do not benefit from FSCS protection.
ConductAtlas has identified this type of provision across 266 platforms. See the full comparison.
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