All you see on here are those who have issues. There are 45 million customers who are happy with the bank. Answer from SirDinadin on reddit.com
Reddit
reddit.com › r/revolut › is revolut safe for savings?
r/Revolut on Reddit: Is Revolut safe for savings?
July 12, 2024 -
I was excited to open a Revolut account to put my savings into and generate interest, after recommendation from a friend. However, then I opened Reddit to investigate for potential tips etc and all I found were horror stories about getting your account blocked, etc and having little to no assistance at all from Revolut. Even the top post right now on the sub is from someone almost getting their account cleared and receiving no assistance from Revolut.
Now I'm of course a lot more hesitant. I have about 10k saved up. That's all I have to my name. If I lose that I lose all I have. I don't need Revolut to pay for stuff, just to save or invest.
Is it truly as bad as Reddit makes it seem? Would you avoid using it for big lumps of money like this?
The thing is that Revolut offers better options than other more established banks in my country, that's why I was inclined to it. Now I'm not so sure anymore.
I'm based in Europe by the way, in case it's relevant.
Top answer 1 of 18
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All you see on here are those who have issues. There are 45 million customers who are happy with the bank.
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I have over £50,000 in my savings account, accruing daily interest. Haven't had any issues with Revolut in the 7 years I've been using it as my main bank. All the people who have issues and post about it are the type that get easily scammed in phishing hooks etc :P
Reddit
reddit.com › r/revolut › is it safe to leave €20k in my revolut savings account?
Is it safe to leave €20k in my Revolut savings account? : r/Revolut
March 20, 2024 - So yes, it IS safe" More replies ... I've regularly had more than €20k in my Revolut. You're protected to about €100k in the event of Revolut going bust and as long as you can prove the source of the funds like any other bank may request you're good to go.
Investing in the Web
investingintheweb.com › brokers › revolut-savings-acount-review
Revolut Savings Account Review: Full analysis (2026)
1 week ago - According to the 2024 annual report, Revolut is trusted by 50+ million and has $35B+ in customer accounts.
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revolut.com
revolut.com › how-we-keep-your-money-safe
Is Revolut Safe? | How we protect your money | Revolut United Kingdom
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Disconnect your account from the previous device. Try to use another device to log in to your account and change your passcode for security. If you're unable to log in using another device, there are a couple of ways to recover your access.
revolut.com
revolut.com › how-we-keep-your-money-safe
Is Revolut Safe? | How we protect your money | Revolut United Kingdom
I think I've been a victim of a scam
If you think your account is at risk, immediately end any type of communication with the suspected scammer. Contact Revolut, and any other financial institution involved. Report the incident to the police.
revolut.com
revolut.com › how-we-keep-your-money-safe
Is Revolut Safe? | How we protect your money | Revolut United Kingdom
Revolut
help.revolut.com › help › app-features › savings-vaults › understanding-savings-vaults-products › how-are-the-funds-in-my-savings-vaults-protected
How are the funds in my Savings accounts protected? | Revolut United Kingdom
Revolut has partnered with banks that are part of the Financial Services Compensation Scheme (FSCS). If eligible, your Savings accounts deposits are protected up to £120,000 per person, per bank, by the FSCS.
Revolut
revolut.com › legal › savings-vaults
Savings Vaults | Revolut United Kingdom
Your normal Revolut accounts (which are e-money accounts you hold with us) are not covered by the Scheme, but are “safeguarded”. This means that whenever money is moved from your Savings Vault back to your normal Revolut account, it stops ...
Revolut
revolut.com › how-we-keep-your-money-safe
Is Revolut Safe? | How we protect your money | Revolut United Kingdom
As an authorised financial institution compliant with Electronic Money Regulations, 100% of your main account balance is safeguarded.Learn more
Bonkers
bonkers.ie › home › blog › banking › is your money safe with revolut?
Is your money safe with Revolut? | bonkers.ie
May 23, 2024 - So for example if AIB was offering savings accounts to German customers from a branch in Berlin, these customers would be covered by the Irish scheme and not the German one. As Revolut has a Lithuanian banking licence and is therefore regulated by the Lithuanian central bank, its customers in Ireland are covered by Lithuania's own version of the DGS up to €100,000. We've focussed on how safe your money is with Revolut in the unlikely event of a collapse and it not being able to repay depositors.
Revolut
revolut.com › en-GR › blog › post › is-revolut-safe
Is Revolut safe? | Revolut Greece
April 9, 2024 - We keep your money in these accounts or investments until you spend it. The main difference between FSCS protection and safeguarding is that FSCS protection is covered by an independent statutory organisation, while safeguarding protection is provided by the e-money institution itself.
Which?
which.co.uk › news › money › banking › is your money safe with revolut?
Is your money safe with Revolut? - Which?
June 12, 2024 - Recommended Provider until it finally has that coveted UK banking licence and can offer customers these important safety nets. Find out more: best banks for 2024, rated by thousands of customers · Get the best deals, avoid scams and grow your savings with expert guidance all year for only £36.75 – that’s 25% off. ... More pressing is a growing unease about the way it treats fraud victims. Which? was first to sound the alarm about a spate of account takeover attacks on Revolut business customers.
Wise
wise.com › us › blog › is-revolut-safe
Is Revolut safe? All you should know - Wise
July 26, 2022 - The good news is that Revolut is a safe provider, no matter how you want to use your account. But it’s not the only option out there. For more ways to manage your money safely and securely across currencies, check out the free Wise account.
YouTube
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Is my money safe with Revolut? - YouTube
The London-based fintech has revolutionised banking since its launch in 2015. But is your money safe with it? What exactly is Revolut? Is it a bank? Does it ...
Published June 24, 2024
MoneySavingExpert
forums.moneysavingexpert.com › budgeting & bank accounts
Is Revolut Safe? — MoneySavingExpert Forum
January 2, 2023 - Are they safe to have upwards of £9,000 of my money? Yes, AFAIK, there's no FSCS protection. If you are concerned, just don't transfer each month and don't build a big balance there?
CompareBanks™
comparebanks.co.uk › home › banking
Is Revolut Safe In 2025? (Money, Account & Card Safety)
January 12, 2025 - This protects up to £120,000 in ... it also authorised to follow the UK Electronic Money Institution. Revolut uses a strategy called ‘safeguarding', and customer money is kept in a ring-fenced account....
Revolut
revolut.com › en-US › how-we-keep-your-money-safe
How we protect your money | Revolut US
Two-factor authentication is required for sensitive transactions, and you can label vendors you use regularly as trusted — so you don’t have to approve payments every time. Decide whether to hide your name or profile picture when you’re sending money to a Revolut account not in your contacts — or choose not to be discoverable at all.
Quora
quora.com › Is-Revolut-a-safe-bank
Is Revolut a safe bank? - Quora
Answer: Depends on your definition of “safe". The bank is subject to the same regulations and protection (up to £87000 savings/ 100000 euro) as all other banks in the UK and Europe.
Wise
wise.com › gb › blog › is-revolut-safe
Is Revolut safe to use in the UK? - Wise
December 12, 2024 - It is currently in what it describes as a ‘mobilisation’ period, where it prepares to operate as a UK bank and migrates its customer accounts to UK bank accounts.¹ · No, Revolut doesn’t currently offer protection for your money under the Financial Services Compensation Scheme (FSCS). Instead, it uses something known as safeguarding to protect your money in case the company should go under.
Reddit
reddit.com › r/revolut › is it safe to use revolut vaults as a savings account?
r/Revolut on Reddit: Is it safe to use Revolut Vaults as a savings account?
August 11, 2019 -
So I've been adding my monthly savings into a Vault, not a lot for now (up to 2k EUR). I really love the way I can quickly transfer any sums of money and the interface is very user friendly. However, I'm really considering if I should keep this going.
I have heard people say they often get their Revolut account blocked for "security issues" and they're asked to provide proof of their income. I'm not worried about not being able to provide the proof if case be, but I'm thinking maybe there's a chance of me never seeing that money again.
What are your experiences with bigger sums of money and Revolut? Do you trust it? If yes/no, why?
Top answer 1 of 6
6
Safe is a relative term. A better question would be: What are the BENEFITS of keeping your savings in revolut over a different bank? -Revolut is not an actual bank, they are an e-money institution -Revolut is not FSCS insured, so if they were to go bust, your money is not protected -There are legitimate concerns and a history of revolut blocking or closing accounts and preventing access to funds for "security issues" potentially for weeks/months Even if the chances of something happening are small, why take that risk? Use a proper bank, which is FSCS insured, such as Monzo, Starling, or N26. All three are fully licensed and insured banks. Revolut is neither a bank nor insured. Revolut has some handy features as a spending account. Such as virtual and disposable cards. But I certainly wouldn't keep any large sums of money in there
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I wouldn't recommend you to keep your savings there. I don't know about the blocked accounts. But in my personal experience , customer support is very bad. I have 5 weeks trying to recover £500 that they lost in a transfer (To a frequent account) and they just keep telling me to wait because they are trying to contact the "paying processor". I'm starting to look for a legal way to approach this =/ So, the majority of the people don't have problems with it, but if you get to have one with them, it may take months before it is solved. I say don't risk it and use a real bank.
Revolut
help.revolut.com › en-US › help › security-logging-in › how-does-revolut-keep-my-money-safe
How does Revolut keep my money safe? | Revolut United States
Your funds are insured there, up to $250,000 by the FDIC, in the event that the Lead Bank fails, as long as specific deposit insurance requirements are met and your card is registered.
Finance Monthly
finance-monthly.com › home › money & finance › revolut bank account – is it safe?
Is my Revolut bank account safe?
June 19, 2025 - Customer protection policies differ ... faced scrutiny for its refund practices, with critics claiming that its policies do not sufficiently safeguard consumers....
Finbold
finbold.com › home › is revolut safe? what new users should know
Is Revolut Safe? What New Users Should Know | Finbold
December 20, 2024 - Revolut, as an electronic money institution, is required to “safeguard” money we receive from (or for) customers. “Safeguarding” means that they deposit the money they receive from you (or for you) into a client money bank account.