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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, Revolu
by 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....