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Once the migration process is complete, customer cash will turn out to be protected by the FSCS, which shields as much as £120,000 in customer deposits compensation for purchasers if a financial institution goes out of enterprise. All current prospects will be notified about the migration process, which Revolut expects to take “a few months in total” as they move accounts in several phased batches. Maturing out of this phase normally takes under 12 months, but the course of dragged on till 11 March 2026. All accounts shall be migrated to the brand new bank, a course of which the firm expects to take “a few months”, and customers might be advised how the method works.

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