Securing your deposits

Classic bank accounts are protected by a so called “Depositor Compensation Scheme” which covers losses up to a maximum of 100.000 EUR per depositor.

Unlike for classic banks a statutory deposit insurance does not apply to e-money financial institutions.
The Maltese FINANCIAL INSTITUTIONS ACT under paragraph 10 para. (B) provides for particularly strict rules for the deposit protection of customers.

For example, e-money financial institutions are required to manage their funds separately from own/other assets, so that in the event of bankruptcy, e-money accounts and credit balances are protected from access by creditors. Therefore, client funds are managed on escrow accounts at major banks with a particularly high reputation.

Secure access to your online account

Access to the web portal is securely encrypted via SSL. The login is secured by entering the password and SMS code. A “two-factor authentication” (OTP) provides additional security.

High protection of your data

We protect your personal information. The use of your data is in accordance with the data protection regulations according to DSGVO.

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