What to Expect If Revolut Goes Bust: Customer Money Safeguarding Explained

Learn what happens to your funds if Revolut goes bust and how your money is safeguarded in segregated accounts.

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If Revolut goes bust, customer funds are generally safeguarded in segregated accounts, separate from the company's funds. FSCS protection may not apply, but your money should still be safe. Withdraw your funds promptly if insolvency occurs.

FAQs & Answers

  1. Is my money safe if Revolut goes bust? Yes, customer funds are generally safeguarded in segregated accounts, ensuring your money is kept separate from the company's funds.
  2. What should I do if I hear about Revolut’s insolvency? It is advisable to withdraw your funds promptly if insolvency is announced, even though your money should be safe.
  3. Does FSCS protection apply to Revolut? FSCS protection may not apply to Revolut, so understanding segregated accounts is crucial for customer money safety.
  4. What are segregated accounts in banking? Segregated accounts are separate accounts that hold customer funds, distinct from the company's operational funds, ensuring protection.

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