How are funds protected?

Funds held at Paycury or its licensed EEA and UK payment partners are protected through a process known as safeguarding. This involves keeping customer funds separate from the institution's own funds to ensure they are safe in case the institution becomes insolvent.

Customer funds are held in separate accounts at regulated credit institutions or central banks. This makes sure that funds are protected from the institution's financial issues and maintains a clear audit trail of all transactions.

This also means we are not allowed to loan out or invest your client funds in the way traditional banks can. Therefore, we do not partake in local deposit guarantee schemes, like the FDIC or FSCS. Instead, we retain 100% liquidity in safeguarding accounts, so we can return your money immediately if instructed or required.