Where does Revolut hold my funds, i.e., which bank and in which jurisdiction? Is it all in the UK (ex channel islands)? Is it the same for different base currencies (e.g., if I sign up in Germany in EUR, would the account still be in the UK)?
Context: I have some funds that I need to keep out of the UK for tax reasons. Am wondering if I can use them with Revolut.
Thanks. Assume that holds for all base currencies? Barclays where? UK, channel islands, Isle of Man, somewhere else?
(btw: nothing fishy about the tax thing. As a non-dom, HMRC will tax me upon funds remittance to the UK, which I would like to avoid doing accidentally through something like transferring funds to Revolut.)
Revolut Ltd (No. 08804411) is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 900562)..
Registered address: 7 Westferry Circus, Canary Wharf, London, England, E14 4HD.
Insurance related-products are provided by Revolut Travel Ltd which is authorised by the Financial Conduct Authority to undertake insurance distribution activities (FCA No: 780586) and by Revolut Ltd, an Appointed Representative of Revolut Travel Ltd in relation to insurance distribution activities. Revolut Ltd is an Appointed Representative of Lending Works Ltd for the activity of “operating an electronic system for lending”. Trading and investment services are provided by Revolut Trading Ltd (No. 832790). Revolut Trading Ltd is an appointed representative of Sapia Partners LLP (No 550103) which is authorised and regulated by the Financial Conduct Authority. Revolut Trading Ltd is a wholly owned subsidiary of Revolut Ltd.