Is Revolut safe for savings in the UK? How to keep your savings account secure

Fraud, scams, lost devices, and account takeovers are real threats to money safety. Fraudsters are always finding new ways to attempt sophisticated scams and access your money.

That’s why at Revolut, your safety and security is our top priority. From biometric protections to machine‑learning fraud detection, the app is built to keep both your identity and your money safe. And when you’re working towards your financial future, it’s essential to feel peace of mind that your savings are safe.

Revolut’s in-app security hub is designed to keep you in control, providing a dedicated space where you can customise 10+ security settings. Depending on how you use the account — spending, savings, and more — you can tailor these settings to match your lifestyle.

In this article, we’ll share an overview of how you can shield your Revolut account from thieves and scammers by using our security features, and making sure your savings and balances are under lock and key while using our services.

How to keep your Revolut savings secure: an overview of the features

We’ve built the tools to help you keep your savings secure. When you combine our tools with some smart habits to reduce your risk, you’re creating a fortress of money security.

Here's a quick overview of 4 best practices to follow, which we'll go into more detail on throughout the article:

• Enable Wealth Protection to add extra protection to your savings. It adds biometric checks on withdrawals over your chosen limit.
• Turn on Street Mode for extra security on-the-go — add a 1-hour delay on withdrawals over your limit when you're away from trusted locations, and stay protected from the unexpected.
• Use single-use virtual cards for more protection when shopping online‌. The card details refresh after each purchase, so they can't be reused.
• Review your linked devices and wallets regularly, and remove ones you don’t use.

Revolut Wealth Protection: extra security for your balances

Revolut’s Wealth Protection feature is designed to make sure you — and only you — can access your money. It adds an extra layer of biometric authentication to transfers and withdrawals of your choosing. You can set it up for your main balance, savings, investments, and more.

You can set your own daily limits — if a withdrawal or transfer exceeds these limits, you’ll need to confirm them with an extra biometric check.

What does this mean for the safety of my savings in Revolut?

Let’s go through a couple of situations that Wealth Protection can help fight against.

• Lost or stolen devices — you can report your lost or stolen device and lock your account on that device. But on the off chance a thief gets into your Revolut account, they won’t be able to transfer or withdraw money over your Wealth Protection daily limit. You are your strongest password.
• Remote access scams — if a fraudster tries to remotely access your Revolut account, they won’t be able to get past biometric authentication when transferring over your Wealth Protection limit, keeping your savings safe.

For customers who use Revolut as a primary account for savings, investments, or large balances, enabling Wealth Protection is the smartest way to limit the risk of account takeover.

How to turn on Wealth Protection:

1. Go to your app and tap your profile icon in the top-left corner
2. Tap Security → Wealth Protection
3. You'll be able to choose which investments or balances are protected, and set your daily limit

You can securely adjust your limit and which accounts are protected whenever you need to.

Street Mode: protect your savings on-the-go

Street Mode is a new addition to our Wealth Protection feature that adds an extra layer of protection to your Revolut savings and balances when you’re exploring new places.

Once you activate Street Mode, we'll add a 1-hour delay to transfers above your limit whenever you're outside your chosen trusted locations.

This gives you critical time to log out of your account and keep your Revolut savings safe. It also protects your funds from unexpected situations where you may not feel in control.

How to activate Street Mode:

1. Tap your profile icon in the top-left corner
2. Select Security → Wealth Protection → Transfers
3. Enable the Street Mode toggle
4. Follow the steps to enable location-based protection and set up your trusted locations

You can update or remove trusted locations at any time. and we’ll always use biometric checks to make sure that you’re the one making these changes. You'll need to have Wealth Protection turned on to use Street Mode.

Linked wallets and devices: keeping you in control of your account

Linked wallets and devices give you a 360 view of the devices that have access to your cards and account. Whenever your Revolut card is linked to a new wallet, we’ll send you a real-time notification to keep you in the loop. This allows you to take action straight away if you spot suspicious Revolut account or card activity.

How to review your linked wallets:

1. Tap your profile icon in the top-left corner
2. Select Security
3. Choose Linked wallets

You can also view and manage your linked wallets in card settings:

1. Tap the card icon in the top-right corner
2. Select a card
3. Tap Settings
4. Choose Linked wallets

To view and manage your linked devices:

1. Tap your profile icon in the top-left corner
2. Select Security
3. Choose Devices

Lost devices and card freezing: act fast in an emergency

Lost your phone or physical card? No sweat. Revolut gives you tools to respond fast and secure your savings.

How to freeze your card if it's lost or stolen

If your physical card is lost or stolen, or you suspect your details have been compromised, you can freeze your card instantly in the Revolut app. This stops all card usage until you unfreeze or replace it, preventing unauthorised charges.

Look out for our real-time payment notifications — if you notice a suspicious Revolut transaction, act fast to freeze your card, and report the transaction as fraudulent.

What to do when you’ve lost your device

You can report a lost device via the web or the app, depending on which device you have access to. This means that, even if you can’t access your Revolut account, you can protect your Revolut savings if you act fast. Follow the steps below, then review what to do next to keep your Revolut savings and balances out of the hands of thieves.

How to report a lost device in the app:

1. Tap your profile in the top left corner, then Security → Lost device
2. Verify your identity with a selfie
3. Select the devices you want to log out of, and cards you want to freeze
4. Change your passcode

How to report a lost device on the web:

Follow the button below, verify your identity, and select the devices and cards you want to secure.

Fraud detection: smart security for your savings

At Revolut, we use machine learning and automated fraud detection to keep watch over your savings. As soon as we notice suspicious patterns, unusual locations, or high‑risk transactions, we’ll notify you, so you can take action immediately.

Some other fraud safeguarding mechanisms we use to protect your money include:

• single-use virtual cards — details are refreshed after each use, so they can’t be stolen or reused. The card details refresh after each use, and you can make up to 5 payments with this card every 24 hours. T&Cs apply.
• two‑factor authentication (2FA) — especially for sensitive account changes or log‑ins from new devices, we’ll double check it’s you logging in or making some online purchases.
• real‑time alerts and 24/7 support — if anything looks unusual, we’ll let you know. Plus, Revolut’s support team is available in-app around the clock whenever you need extra help.

Final thoughts: is Revolut safe for savings?

Our fraud detection algorithms, real-time payment notifications, and two-factor authentication provide advanced security to help keep your funds safe. But, to keep your Revolut savings extra safe in the digital banking world, take advantage of the smart security features to shield yourself from fraudsters and thieves.

And remember, if you ever need more support, we’re here to help, 24/7.