All I care about is that my funds are safe. I currently have a lot in Revolut, I've had nothing but positive experiences with them but moving to another bank is not a big deal for me.
If not, it's just another Paypal, they can lock you out anytime they want, and the "due process" to resolving it is their chat and their rules.
Does the EU have a similar concept? If so, will you lose insurance if their license is revoked?
Edit: I just looked at their website and didn't found any mention that they are a bank. I'll violate their ToS and link to their website here:
https://www.revolut.com/legal/website-terms/
> We are regulated by the Financial Conduct Authority as an Electronic Money Institution under the Electronic Money Regulations 2011 for the issuing of electronic money. We are included in the FCA’s registered of electronic money institution firms (Firm Registration Number 900562) which can be found on the FCA website.
"Electronic Money Institution" is not a bank.
Interestingly you can't link to their website from social media without violating their ToS. Funny. Also you can't link to them if you want to criticize them.