Are you a bank?

No, we're not a bank, we’re an Authorised Electronic Money Institution, authorised and regulated by the FCA.

We’re permitted to process payments and provide the account service to you.

The main difference is, that unlike banks, we are not allowed to use customers' monies to invest in markets or in any other way. Your money is held in a trust account dedicated to you, which is "ring fenced" and separate from any other monies.

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