Is Revolut card credit or debit?
Is Revolut card credit or debit? Is Revolut a credit card? Revolut is a global fintech app that you can download on your smartphone. Its main offering is a debit card and multi-currency account, but has recently launched a credit card in Poland, Lithuania, the United States, and Ireland.
What are the disadvantages of a Revolut card?
Deposit Protection is Limited: Unlike traditional banks, Revolut's deposit protection is limited. Although savings in a Revolut account are protected up to a specific amount, they are not covered by government-backed deposit insurance programmes.
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.