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    • stressedofdevon
    • By stressedofdevon 9th Jul 17, 9:30 PM
    • 1,187Posts
    • 7,437Thanks
    0 WOW
    Revolut T&C Change?
    • #1
    • 9th Jul 17, 9:30 PM
    0 WOW
    Revolut T&C Change? 9th Jul 17 at 9:30 PM
    MSE is still recommending Revolut for overseas spending but I have just seen this on another forum; "I've just logged into my Revolut app for an upcoming trip, and there has been an update to terms and conditions. It seems that Revolut has been taken over or something by Wireless Card solutions, and in their new T&Cs it says the following: 1.4 The card is an e-money product, and as such it is not covered by the Financial Services Compensation Scheme. In the unlikely event that Wirecard Card Solutions Ltd becomes insolvent, your funds may become valueless and unusable, and as a result you may lose your money."

    Does this mean money is no longer safe on a Revolut card? I remember Martin saying on a recent tv show it was ringfenced in a Barclays account but does this mean it's no longer protected?
Page 1
    • worried jim
    • By worried jim 9th Jul 17, 9:36 PM
    • 8,862 Posts
    • 13,576 Thanks
    worried jim
    • #2
    • 9th Jul 17, 9:36 PM
    • #2
    • 9th Jul 17, 9:36 PM
    I've moved onto Monzo now. Still have Revolut as a back up but haven't used it this year.
    "Only two things are infinite-the universe and human stupidity, and I'm not so sure about the universe"
    Albert Einstein
    • eDicky
    • By eDicky 10th Jul 17, 6:58 AM
    • 3,053 Posts
    • 1,389 Thanks
    • #3
    • 10th Jul 17, 6:58 AM
    • #3
    • 10th Jul 17, 6:58 AM
    Nothing's changed, except someone read the T&Cs. Most such cards use Wirecard for payment processing.
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