Reminder that Revolut is NOT a bank in the UK, it is classified as an e-money institution. As such, your funds are not protected by the FSCS.
From the article :
“The challenger bank missed its September deadline to file its figures for 2021 and was given an extension to the end of last year. But it also missed that deadline, *meaning its figures are almost two weeks overdue.*”
Shouldn’t that be 2 years overdue ?
I like Revolut – it has been brilliant for converting between currencies and in the days when crypto was harder to cash out without your bank freaking out, provided a simple route. But they have always felt a little bit sketchy, even though I think they are genuinely trying to do things right most the time.
Surprised to see Thisismoney call Revolut a ‘bank’ – The word bank is a protected term to prevent the public being misled. Poor reporting here.
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Reminder that Revolut is NOT a bank in the UK, it is classified as an e-money institution. As such, your funds are not protected by the FSCS.
From the article :
“The challenger bank missed its September deadline to file its figures for 2021 and was given an extension to the end of last year. But it also missed that deadline, *meaning its figures are almost two weeks overdue.*”
Shouldn’t that be 2 years overdue ?
I like Revolut – it has been brilliant for converting between currencies and in the days when crypto was harder to cash out without your bank freaking out, provided a simple route. But they have always felt a little bit sketchy, even though I think they are genuinely trying to do things right most the time.
Surprised to see Thisismoney call Revolut a ‘bank’ – The word bank is a protected term to prevent the public being misled. Poor reporting here.