Yes, deposits are insured
Revolut's EU entity is a licensed credit institution in Lithuania, regulated by the Bank of Lithuania and supervised directly by the ECB since 2023. Euro deposits up to €100,000 per depositor are protected under the Lithuanian Deposit Guarantee Scheme, which is EU-harmonised under the DGSD.
If Revolut failed, the DGS would pay out your covered balance within seven working days — the same legal commitment you'd get at Deutsche Bank or N26.
Where the €100k doesn't apply
Stocks, ETFs, and commodities. These are investment products, not deposits. They sit under the Lithuanian investor-compensation scheme with a much lower €22,000 cap. For fraud-at-custody scenarios only — your securities are held in segregated custody by a third party regardless.
Crypto. Covered by the MiCA CASP regime (segregation, disclosures) but not insured. Same as any crypto exchange.
Flexible Accounts and Revolut Savings Vaults. The Savings Vault is a deposit product (DGS-protected). "Flexible Accounts" are money-market-fund linked (MMF risk, not DGS). The distinction is buried in-app — worth checking before you park a large balance.
The account-freeze pattern
The most common Revolut complaint: automated fraud-detection triggers freeze accounts on entirely legitimate activity. Typical resolution is 24–72 hours. The freeze is real; it is not a fraud by Revolut; it is a side-effect of AML-heavy automated monitoring at scale.
That monitoring is also where Revolut's regulator has found gaps: in April 2025 its Lithuanian entity took a €3.5M AML fine from the Bank of Lithuania (announced 8 Apr 2025) for inadequate transaction monitoring — Lithuania's largest-ever AML penalty (FinTech Global, ). It does not change your deposit protection, but it is the clearest signal to date that the anti-money-laundering controls behind these freezes are still a work in progress.
Mitigation: don't keep your only available cash at Revolut. Have a second account (another neobank or a traditional bank) for the 2% of the year when a freeze happens.
Your data is a separate question
Deposit insurance protects money, not personal data, and Revolut customers' data has been exposed more than once. In September 2022 Revolut notified Lithuania's data-protection inspectorate of a data breach in which the data of about 50,150 customers worldwide (20,687 in the EEA) may have been exposed after attackers used social engineering to reach a Revolut database (VDAI, ); the inspectorate opened an investigation.
In September 2026 Revolut confirmed to Italy's national cybersecurity agency that it had sent the data of 680 customers (8 of them in Italy) to a compromised certified-email address of the Reggio Calabria prefecture (Camera dei deputati, ), in reply to fraudulent requests for information. Italy's interior minister told parliament that Revolut could and should have checked the request "with a minimum of diligence" (Camera dei deputati, ; our translation). The same month, DriveWealth, the US broker behind Revolut's US-share trading, disclosed unauthorised access to DriveWealth's network on 4–5 September 2026, during which personal data was taken (DriveWealth, ). Revolut says only customers whose US-share account was once held directly with DriveWealth were affected, and that passwords, card details and identity documents were not involved (Revolut help centre).
Speaking for myself: I've used Revolut since 2019. I've always had the occasional scam call, but since the September 2026 data breaches affecting Revolut customers came to light, I've been getting three to five a day. I can't prove a link; I can only report the timing. And I find what happened outrageous.
None of this changes your €100,000 deposit cover. What it changes is how careful you need to be on the phone. Revolut says it will never ask for your passcode, one-time passwords, password or card details, and will never tell you to move money to another account for safekeeping (Revolut help centre). If a caller asks for any of these details or tells you to move your money, don't engage, and report it in the in-app chat.
Verdict
Revolut is as safe as any other EU credit institution for covered deposits. The non-obvious risks are (1) the investor-compensation gap on stocks and (2) the operational freeze pattern. Neither rises to "avoid"; both are worth knowing. Separately, the 2022 and 2026 data incidents above do not touch deposit protection, but they are a reason to treat any unexpected "Revolut" call as a scam until proven otherwise.