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| Name | Is Revolut A Bank? What You Need To Know |
| Video Uploader | Video From Oliver Smith |
| Upload Date | This Video Uploaded At 26-04-2021 08:00:18 |
| Video Discription | This is a question that comes up a lot, is Revolut a bank? If you’re considering switching to Revolut or depositing a chunk of money with them, you might have concerns over whether Revolut is safe. Here’s what you need to know—including where Revolut is, and isn’t, a bank. P.S. One thing I forget to mention is Revolut’s Savings Vaults, which are directly FSCS protected… because the deposits are put straight into Paragon Bank. Chapters: 0:00 Intro 0:56 Why Being A Bank Is Important 2:18 Does Revolut Have A Banking Licence? 3:51 Revolut’s Plan For The UK And US 5:18 Should You Be Worried? 6:12 Outro Links mentioned: This is a great video from Khan Academy that explains fractional reserve banking, definitely worth a watch: https://youtu.be/3mUi9IZb4T4 Here’s how Revolut describes itself to customers: https://www.revolut.com/help/more/company/about-revolut And here’s a bit more info on Revolut’s banking licence situation from its Business blog: https://blog.revolut.com/business-what-makes-us-different-from-a-bank-and-what-that-means-for-your-business/ You can sign up for a Revolut account with my referral link here: https://revolut.com/referral/oliver5xl!DEC1AR ~~ Shot, edited and uploaded on an iPhone 11, iPhone XR and an iPad Air. Audio recorded with a Blue Yeti microphone. [j7Wo_20VSMw] |
| Category | People & Blogs |
| Tags | Revolut | Is Revolut A Bank | Revolut Banking Licence | Revolut Review | Revolut Bank | Is Revolut Any Good | Where Is Revolut A Bank | Fintech | which digital bank is best | is revolut safe | Is Revolut FSCS Protected | Is Revolut Legit | Is Revolut FSCS Legit |
