When funds are posted to your account, in line with regulatory requirements, the regulated payment institution who we work with safeguard your funds. This means that the funds shown in your payment account are held at reputable banks or covered by an insurance policy, and most importantly, are protected for you in the event of our partner payment institution, or our, insolvency. Our partners stop safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.
If you require a breakdown of the exact amounts of funds you have safeguarded at our payments partner at a particular point in time, please do not hesitate to contact us.