Safeguarding Your Funds
Ensuring the safety and security of your funds is our top priority. We understand the importance of trust and reliability in managing your financial transactions. That's why we've partnered with an esteemed Electronic Money Institution, Currencycloud, to safeguard your deposits.
Here's how it works:
When funds are posted to your account, e-money is issued in exchange for these funds, by Currencycloud, the Electronic Money Institution we work with. In line with regulatory requirements, Currencycloud safeguards your funds. This means that the money behind the balance you see in your account is held at a reputable bank, and most importantly, is protected for you in the event of Currencycloud’s, or our, insolvency. Currencycloud stops safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.
Why This Matters:
This safeguarding process ensures that your funds are always secure and available, reflecting our commitment to providing a reliable and transparent service. By partnering with Currencycloud, we adhere to the highest regulatory standards, giving you peace of mind that your money is in safe hands.
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