In the EEA:

Almost all deposits made by people and businesses with Revolut Bank UAB are protected by the state company Deposit and Investment Insurance. This means, if Revolut Bank UAB can't repay deposited money, the Deposit and Investment Insurance company will repay it to the depositors.Revolut is great for spending while abroad. The competitive exchange rates help you save when paying in different currencies, and you can hold a range of currencies on your account. Check our currency converter to learn more about exchange rates. Additionally, you can transfer money internationally in 70+ currencies.Nikolay Storonsky (born 21 July 1984) is a Russian-born British businessman. He is the co-founder and CEO of the financial technology company Revolut.

Is Revolut available in Czech : To order your Revolut debit card and start spending in Czech Koruny, simply: Download the Revolut app on your Android or iPhone and sign up for free. Order your free Czech Koruna card. Top up your balance in GBP or 150+ other currencies.

What is the downside of Revolut

It is a good choice for beginner investors. On the downside, it doesn't offer popular asset classes like mutual funds, bonds or options.. Research and educational tools are very basic, and customer support only answers some basic questions. Also, Revolut has had some quite negative news coverage recently.

What happens if Revolut goes bust : Safeguarding helps protect you. It means if we became insolvent (unable to pay our debts), you'll get your money first. Our customers' claims would be paid out from our dedicated client money bank and asset accounts, before anyone else's claims are paid out.

Revolut: Pros and Cons

Pros	Cons
Standard account with no subscription fee Spend in over 150 currencies Early direct deposit on Revolut Account ATM network access	Mobile app only Access to certain features depends on your plan Monthly fees for Premium and Metal ($9.99 and $16.99) Limited customer support

19. 1. 2024

Is Revolut safe to keep money with It's safe to use Revolut for everyday spending, and to hold funds. Your money is FDIC protected thanks to Revolut's partnerships with reputable US banks.

Is Revolut under investigation

FCA investigating Revolut over transactions from 'suspicious' accounts. The Financial Conduct Authority (FCA) is reportedly looking into whether Revolut should have allowed transactions from suspicious accounts.In July 2023, the Financial Times reported that Revolut had lost $20 million to organized criminal groups due to a flaw in its US payment system between late 2021 and early 2022. The issue affected the company's corporate funds and not customer accounts; some of the money was recouped.Countries we do not support payments in include but are not limited to: Belarus, Crimea, Cuba, Iran, North Korea, Libya, Myanmar, Russia, Syrian Arab Republic, Venezuela, and Zimbabwe. Depending on your region, this list may not be exhaustive, and it's subject to change.

Unsupported countries and regions

• Belarus.
• Cuba.
• Donetsk People's Republic.
• Iran.
• Kherson (Ukraine)
• Democratic People's Republic of Korea.
• Libya.
• Luhansk People's Republic.

Is Revolut safe for big money : When transferring substantial sums from your bank to your Revolut account, check your bank's payment limits for compliance and safety. Notably, funds held in Revolut are FDIC-insured. It provides coverage up to the legal maximum of 250,000 USD.

Why is Revolut better than a normal bank : Unlike traditional banks, we offer more than just the basic banking features: Send instant transfers to other friends using Revolut. Withdraw money without withdrawal fees (up to your plan's limit) Get 24/7 customer support, including weekends.

Is my money safe if Revolut goes bust

Safeguarding helps protect you. It means if we became insolvent (unable to pay our debts), you'll get your money first. Our customers' claims would be paid out from our dedicated client money bank and asset accounts, before anyone else's claims are paid out.

Organised criminal gangs exploited erroneous discrepancies in Revolut's US and European payment systems to steal more than $20 million in funds. Flaws in the two systems meant that some declined transactions were wrongly refunded, according to the Financial Times.Unsupported countries and regions

• Belarus.
• Cuba.
• Donetsk People's Republic.
• Iran.
• Kherson (Ukraine)
• Democratic People's Republic of Korea.
• Libya.
• Luhansk People's Republic.

Is Wise or Revolut better : Customer ratings. Both money transfer companies are regarded highly by their users. Wise gets 4.3 out of 5 on Trustpilot from more than 218,000 reviews. Revolut has a rating of 4.2 out of 5 from 152,000 reviews.