In the Revolut app it states in the GBP top up section:
“You can use this account as your primary bank account to receive salary and make payments”
Are our deposits protected by the Prudential Regulation Authority (PRA) scheme or the Depositor Protection Guarantees? Any other protection schemes?
If not then what assurances are there for our financial protection?
If, for the sake of argument, that ERNIE (UK Premium Bonds) give me £1 million pounds next month and I have Revolut listed as my nominated bank account then would the money find it’s way into my Revolut account and how many of your rules would I be breaking by having the money transferred into the account?
Now that we have individual sort code and account numbers will newly issued Revolut cards still have “Prepaid” stamped on them or will they become real bank cards?