Is it safe to put a lot of money in Revolut?

Funds in your Revolut Prepaid Card Account are held at or transferred to Metropolitan Commercial Bank, member FDIC. While there, your funds are insured up to $250,000 by the FDIC in the event Metropolitan Commercial Bank fails, if specific deposit insurance requirements are met and your card is registered.



People Also Ask

Banks are required to report when customers deposit more than $10,000 in cash at once. A Currency Transaction Report must be filled out and sent to the IRS and FinCEN. The Bank Secrecy Act of 1970 dictates that banks keep records of deposits over $10,000 to help prevent financial crime.

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Yes. There are stringent security measures to safeguard your personal data that passes through eGIRO scheme. Your data is encrypted. Only the bank and billing organisation (Revolut) are able to decrypt the data to execute the transactions that you requested.

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