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https://www.fscs.org.uk/what-we-cover/banks-building-societies/ https://www.fscs.org.uk/what-we-cover/banks-building-societi... You are protected up to £85k pe

• ccjnsn 6y ago
  This is incorrect see: https://www.fscs.org.uk/check-your-money-is-protected/ https://www.fscs.org.uk/check-your-money-is-protected/ Type in revolut. The money is ring fenced usually in a too big to fail bank. Edit: Though they have a banking licence in Lithuania and may be insured there?
• smnrchrds 6y ago
  Their "Protection Checker" has this to say about Revolut: Revolut Ltd (FRN:900562) ... None of your money is protected by FSCS https://www.fscs.org.uk/check-your-money-is-protected/ https://www.fscs.org.uk/check-your-money-is-protected/
• jamesfmilne 6y ago
  Eek, I stand corrected! I had wrongly assumed that a company with a banking licence in the UK was covered by FSCS. And of course, on further inspection, Revolut does _not_ have a UK banking licence. I had wrongly assumed this, given they were advertising their banking services on the London Underground for months (back when I was taking the tube to work). https://www.bbc.co.uk/news/business-47168860 https://www.bbc.co.uk/news/business-47168860 https://www.thetimes.co.uk/article/nikolay-storonskys-revolut-to-seek-uk-banking-licence-xlrhjxcv0#:~:text=Revolut%20is%20preparing%20to%20apply,can%20rake%20in%20more%20deposits.&text=Revolut%20also%20relies%20on%20a,loans%2C%20helping%20to%20boost%20returns https://www.thetimes.co.uk/article/nikolay-storonskys-revolu....