Information on how Crezco prioritises safeguarding your funds.
Safeguarding your funds is our top priority. We ensure the security of your money through the following measures:
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Safeguarded customer funds: Customer funds are fully protected and held in safeguarded accounts by The Currency Cloud Limited (Currencycloud). Currencycloud is authorized by the Financial Conduct Authority (the FCA) under the Regulations for the issuing of electronic money and the provision of payment services with Firm Reference Number 900199.
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How funds are safeguarded: Currencycloud separates customer funds from their company funds, and places them in safeguarding accounts held with reputable UK and EU Banks. If Currencycloud was to become insolvent, the funds held in the safeguarding accounts would form an asset pool from which claims of the e-money holders (i.e. Crezco) would be paid above those of other creditors.
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Regulatory compliance: Currency Cloud Limited (FRN: 900199) is regulated by the FCA in the UK as an Electronic Money Institution (EMI). This means that Currencycloud safeguards your funds in accordance with FCA regulations, and is prohibited from lending customer funds.
Crezco is dedicated to upholding the highest security and compliance standards to protect customer funds. If you have any additional questions, please feel free to reach out to us.
For more information please refer to our Terms and Conditions.