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News Article

Changes to the way we protect your money

Published 21 October 2016 by

As a result of the improvements we are making to your thinkmoney Personal Account this year there will be a change to how the money in your account is protected.

When we complete our upgrade, money you hold in your thinkmoney Personal Account will no longer be protected under the Financial Services Compensation Scheme (FSCS).

However, as thinkmoney is authorised and regulated by the FCA as an e-money institution, your money will continue to be protected and, unlike the FSCS, this protection is not limited to a certain amount.

This means that if something were to happen to thinkmoney, your money is held separately and securely meaning you would always receive it back.

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