Revolut Authorised
Authorised UK bank as of March 2026. Revolut Ltd holds the FCA Electronic Money Institution authorisation (FRN 900562). Revolut Bank UK Ltd received full UK banking authorisation from the PRA in March 2026, with deposits now covered by the FSCS up to 120,000 pounds (initial mobilisation cap). Verify on the live FCA / SRA register →
Last verified: 2026-05-22 · Report a correction
Is Revolut FCA-authorised? The short answer
Yes — and as of 2026, Revolut is a fully licensed UK bank. Revolut Bank UK Ltd received its full UK banking licence on 11 March 2026, authorised by the Prudential Regulation Authority (PRA) and regulated by both the PRA and the Financial Conduct Authority (FCA). This followed a restricted “mobilisation” banking licence granted in 2024.
For context: until the UK bank launched, Revolut’s UK customers were served by Revolut Ltd — an FCA-authorised electronic money institution (FRN 900562), not a bank. As Revolut migrates customers to the licensed UK bank, those banking deposits become FSCS-protected. Always confirm the current status of the specific Revolut entity your account is held with on the FCA Financial Services Register at register.fca.org.uk.
What Revolut’s banking licence means for your money
For accounts held with the licensed Revolut Bank UK Ltd, eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) — up to £120,000 per person, per authorised firm since 1 December 2025.
Funds still held under the legacy e-money entity, Revolut Ltd, are not FSCS-protected — e-money firms “safeguard” customer funds instead, a weaker protection. If it matters to you which applies during the migration period, check your account terms in the app or ask Revolut directly. This bank-versus-e-money distinction is the single most important thing to understand about Revolut’s status.
The real risk with Revolut: impersonation scams
Revolut being authorised does not make every message claiming to be from Revolut safe. The actual danger is impersonation: criminals send fake “Revolut” texts and emails, make fake “Revolut fraud team” calls, and build lookalike login pages. The most damaging is the “safe account” scam — a caller posing as Revolut’s fraud team says your account is compromised and pressures you to move your money.
Revolut will never call or message you to ask you to move money, share a one-time passcode, or read out your PIN. If in doubt, stop, and contact Revolut only through the in-app chat. Our guide to fake Revolut texts covers the current patterns in detail.
Frequently asked questions
Is Revolut a bank?
As of 11 March 2026, yes — Revolut Bank UK Ltd holds a full UK banking licence (PRA-authorised, FCA and PRA regulated). The legacy entity, Revolut Ltd, is an FCA-authorised e-money institution rather than a bank.
Are my Revolut funds FSCS-protected?
Deposits held with the licensed Revolut Bank UK Ltd are FSCS-protected up to £120,000 per person. Funds still under the legacy e-money entity (Revolut Ltd) are safeguarded but not FSCS-protected. Check which applies to your account in the app.
How do I check Revolut’s authorisation myself?
Search “Revolut” on the FCA Financial Services Register at register.fca.org.uk — it lists both Revolut Bank UK Ltd and Revolut Ltd with their current permissions.
I got a text from “Revolut” — is it genuine?
Treat it with caution. Revolut never asks you to move money, share a passcode, or confirm card details by text. Check anything suspicious through the in-app chat, never via a link in the message.
Sources
- fca-firm-checker — Financial Conduct Authority (UK)
How to verify this firm independently
Don’t take any single source’s word for it. Before depositing money or sharing personal data, cross-check the firm’s regulatory status using public registers:
- FCA Financial Services Register — search by firm name or FRN at register.fca.org.uk.
- Companies House — look up the underlying company at find-and-update.company-information.service.gov.uk.
Red flags — even on authorised firms
- An unsolicited call, email or DM claiming to be from the firm’s “compliance” or “fraud” team.
- A domain that’s one letter off from the official one. Always type the brand name directly.
- A request to transfer money to a “holding account” or “verification wallet”.
- Pressure to act within hours.
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Disclaimer
This verdict is a curated reading of the sources cited above. The platform’s status can change. The “last verified” date shows when ScamSupport last reviewed this entry. To dispute this verdict, email corrections@signaltools.org.