Depositor Compensation Scheme (DCS)
Eligible deposits are protected up to NZ$100,000 by the New Zealand Depositor Compensation Scheme (DCS). Find out what this means for you.
What is the DCS?
The Depositor Compensation Scheme (DCS) protects eligible depositors up to NZ$100,000 in the event of a failure, when money is held in a DCS-protected account. The DCS came into effect on 1 July 2025, giving depositors confidence that their money is protected and adding to the stability of New Zealand’s financial system. The DCS is a government scheme administered by the Reserve Bank of New Zealand – Te Pūtea Matua.
Which Revolut accounts are protected by the DCS?
Eligible deposits held in New Zealand dollars (NZD) are automatically protected if held in a DCS-protected account. Deposits held in other currencies are not eligible for protection. The following Revolut accounts are eligible for DCS protection.
Personal
Transactional
- Personal accounts
- Joint accounts
- Independent Teen accounts
- Kids & Teen accounts¹
Savings
- Instant Access Savings accounts
Credit
- Positive balance on a credit card²
¹Kids & Teens accounts are sub-accounts of the parent or guardian’s Revolut account. Money held in these accounts will be included in the parent or guardian’s NZ$100,000 coverage limit.
²Credit cards not yet available to all customers in New Zealand.
Business
Transactional
- Business accounts
Savings
- Business Instant Access Savings
How do I get covered by the DCS?
You don’t need to do anything. Your money is automatically protected up to NZ$100,000 per depositor, per deposit taker if it's in a DCS-protected account.What is not covered by the DCS?
Some money is not protected by the DCS, including money held in foreign currency accounts. Cryptocurrency, commodities, and other tradable products aren't covered. Money lost as a result of scams, fraud, or hacking is not covered by the DCS. A small number of depositors are not eligible for the DCS, including government agencies.
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