Revolut will shift more than 13 million UK customers to its banking arm after securing a licence earlier this year. Since then, it has been shifting its over 13 million UK customers to its banking arm. Existing customers’ accounts are still being transitioned to bank accounts in tranches. If you do not use your Revolut account much, then this will be another account you may have to manage.” Revolut customers can deposit money into the current accounts, with deposits protected under the Financial Services Compensation Scheme (FSCS) up to £120,000 per person.