Is my money safe?

BIEASES partners with EMI.

Your funds are placed in a segregated account (known as a ‘safeguarding account’) at a bank that meets the local regulatory requirements. Funds are not covered by any schemes. Instead, your funds are segregated, which means those funds would be separated from other assets in the event of an insolvency and used to repay you and other clients. Safeguarding is a regulatory requirement for all EMIs designed to protect customers from the risk of losing funds. Funds are reconciled at least daily and an independent expert validates that all obligations are met each year. Your funds are not covered by the FSCS (UK) and DGS (EEA) protection. The accounts are issued by our partner, Moorwand Ltd, which is an authorised electronic money institution (EMI) regulated by the Financial Conduct Authority (FCA) in the UK. It is authorised to provide payment services and issue electronic money (e-money), subject to the Payment Services Regulations 2017 and the Electronic Money Regulations 2011.