Are my funds safe?
Edited
Your funds are safe?
In the UK Payment Institutions, E-money and other non-banking institutions are required to segregate clients' funds and not use these funds for anything else other than to execute clients' instructions with respect to payments, investments, or trading. It means they cannot just take clients’ money and give it as a loan to someone else or invest these funds into their next venture. So these funds are protected from investment, liquidity, or insolvency risks by design, which is why they don’t need (by law) any deposit protection.
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