Yes, deposits are insured
Revolut's EU entity is a licensed credit institution in Lithuania, regulated by the Bank of Lithuania and supervised directly by the ECB since 2023. Euro deposits up to €100,000 per depositor are protected under the Lithuanian Deposit Guarantee Scheme, which is EU-harmonised under the DGSD.
If Revolut failed, the DGS would pay out your covered balance within seven working days — the same legal commitment you'd get at Deutsche Bank or N26.
Where the €100k doesn't apply
Stocks, ETFs, and commodities. These are investment products, not deposits. They sit under the Lithuanian investor-compensation scheme with a much lower €22,000 cap. For fraud-at-custody scenarios only — your securities are held in segregated custody by a third party regardless.
Crypto. Covered by the MiCA CASP regime (segregation, disclosures) but not insured. Same as any crypto exchange.
Flexible Accounts and Revolut Savings Vaults. The Savings Vault is a deposit product (DGS-protected). "Flexible Accounts" are money-market-fund linked (MMF risk, not DGS). The distinction is buried in-app — worth checking before you park a large balance.
The account-freeze pattern
The most common Revolut complaint: automated fraud-detection triggers freeze accounts on entirely legitimate activity. Typical resolution is 24–72 hours. The freeze is real; it is not a fraud by Revolut; it is a side-effect of AML-heavy automated monitoring at scale.
Mitigation: don't keep your only available cash at Revolut. Have a second account (another neobank or a traditional bank) for the 2% of the year when a freeze happens.
Verdict
Revolut is as safe as any other EU credit institution for covered deposits. The non-obvious risks are (1) the investor-compensation gap on stocks and (2) the operational freeze pattern. Neither rises to "avoid"; both are worth knowing.