Client funds are stored under a segregated account at Lloyd’s or Barclays, depending on the type of account you hold. As an FCA authorised institution, Revolut safeguards your funds as per FCA requirements, the Electronic Money Regulations 2011, and the Payment Services Regulations 2017. In the event of an insolvency of Lloyd’s or Barclays, you will be able to claim your funds from this segregated account and your claim will be paid above all other creditors.
All your card transactions are processed by the Mastercard or Visa network and are protected by Mastercard or Visa rules.
We’ve recently applied for a banking licence. The licence is applied through a single European country via European Central Bank and it can then be passported across Europe. More info here: http://bit.ly/2hN8fyF
Standard delivery can take up to 9 working days, express delivery can take 1-3 working days.