Part of our Revolut UK — Complete Guide 2026 hub.
Yes — Revolut is FSCS protected in the UK. Revolut received its UK banking licence from the Prudential Regulation Authority (PRA) in July 2024, and UK deposits are now protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.
This is the same protection you get with Monzo, Starling, Barclays, and every other UK-licensed bank. Before July 2024, Revolut operated as an e-money institution and deposits were not FSCS protected — this changed permanently when the banking licence was granted.
Revolut FSCS Protection — Key Facts
| Detail | Status |
|---|---|
| FSCS protected? | ✅ Yes |
| Protection limit | £85,000 per person |
| Legal entity | Revolut Bank UAB UK |
| Banking licence granted | July 2024 |
| Regulated by | PRA + FCA |
| Applies from | New customers automatically; existing customers migrated |
Before July 2024 — What Was Different?
Before the banking licence, Revolut operated as an e-money institution (EMI), regulated by the FCA but not by the PRA. As an EMI:
- Your money was not FSCS protected
- Instead, Revolut was required to safeguard your funds — holding them in a segregated account at a regulated bank, separate from Revolut’s own money
- In the event of Revolut’s insolvency, safeguarded funds were ring-fenced, but the recovery process was less clear and less guaranteed than FSCS
This was a legitimate concern for customers keeping large balances with Revolut. The banking licence resolved this. For a full account of how e-money safeguarding differs from FSCS protection, see E-Money vs Bank Accounts UK.
How to Confirm Your Account Has FSCS Cover
- Open the Revolut app
- Go to Profile (or the account menu)
- Check Settings → Account → Legal information
- You should see Revolut Bank UAB UK as the account-holding entity
If you see this, your deposits are FSCS protected up to £85,000.
If you see a different entity (e.g. Revolut Payments Ltd — the old e-money entity), contact Revolut support to confirm your migration status.
What the £85,000 Limit Means
The FSCS protects up to £85,000 per person per banking licence. This means:
- If you have £85,000 or less with Revolut, the entire amount is protected
- If you have more than £85,000 with Revolut, only the first £85,000 is protected — the excess is not
- The £85,000 applies per institution — separate from your Monzo, Starling, or other bank balances
Temporary High Balance protection: If you have more than £85,000 with Revolut temporarily — for example, following a property sale, inheritance, or redundancy payment — the FSCS provides enhanced protection of up to £1 million for up to 6 months under its Temporary High Balance scheme. This applies automatically; you do not need to register.
Are Revolut Savings Vaults FSCS Protected?
Yes. Revolut Savings Vaults are held within your Revolut Bank UAB UK account and benefit from the same FSCS protection. The £85,000 limit applies to your combined total balance across your main account and all Savings Vaults.
Revolut vs Monzo vs Starling — Deposit Safety Comparison
| Bank | FSCS protected | Since | Limit |
|---|---|---|---|
| Revolut | ✅ Yes | July 2024 | £85,000 |
| Monzo | ✅ Yes | 2017 | £85,000 |
| Starling | ✅ Yes | 2016 | £85,000 |
| Chase UK | ✅ Yes | 2021 | £85,000 |
All four are now fully FSCS protected. Monzo and Starling have held banking licences significantly longer than Revolut, but for current deposits the protection is identical.
Is It Safe to Keep Large Balances with Revolut?
With FSCS protection in place, keeping up to £85,000 with Revolut is as safe as any UK bank. For a full assessment of Revolut’s features, fees, and limitations, see the Revolut UK Review 2026. Above £85,000, you should spread funds across multiple institutions (each with their own £85,000 allowance) to ensure full coverage.
Considerations beyond FSCS:
- Account freezes: Revolut has a history of freezing accounts while conducting compliance checks. This is a legal obligation, not specific to Revolut, but it has been more common than with Monzo or Starling. If your account is your sole financial resource, this is a risk.
- Customer service: Resolving disputes can be slower with Revolut than with banks offering phone support. For very large balances, a bank with 24/7 phone support (Starling, First Direct) may be preferable as a primary account.
- Practical recommendation: For most UK users, holding a working balance with Revolut (up to £85,000) is now safe. For larger wealth, diversify across institutions.