Revolut Account Protection Query

[Colly1977]

Hi Guys, querying the deposit protection on revolut a/c's. I have an Irish revolut a/c but also a GBP "wallet", what protection do I have on the GBP wallet for any amounts in sterling there? TIA

 

[jpd]

What do you mean by "wallet"?

As in all things related to bank accounts, the devil is in the details

 

[peteb]

What do you mean by "wallet"?

As in all things related to bank accounts, the devil is in the details

I guess he means the option to store currency in sterling on Revolut. I have Turklish Lira as well as Euro and Sterling!

 

[jpd]

Yes, but I was expecting to see the terminology used by Revolut on their Terms & Conditions page - I could find no mention of "wallet" except in relation to cryptocurrency

 

[Colly1977]

Apologies by wallet I mean the GBP "account" you get when you convert Euro to GBP

 

[jpd]

I think you also need to specify what type of Revolut "account" you have - they have different plans

 

[Colly1977]

I have the basic free one

 

[jpd]

The security of your money is very vague - I found this page on the website https://www.revolut.com/en-IE/help/profile-and-plan/security-and-personal-data/is-my-money-safe but it is not very forthcoming on details so it is not possible to say exactly how, or if,you would be compensated if Revolut ran into problems