Is Transfer Vault secure and is my money safe?

At Transfer Vault, we prioritize the security of your funds when using our International Business Account for storing and making international payments. Here’s how we ensure your peace of mind:

Safeguarding of Funds

Safeguarding is a protective measure used by Payment Institutions and E-Money Issuers (PIs and EMIs) to segregate client funds from operational funds. This separation ensures that in the event of Transfer Vault facing insolvency, your funds remain safe and protected.

Where Your Money is Held

We distribute our clients’ funds across our correspondent banks: Raiffeisen Bank International Austria, Banking Circle Luxembourg, and Crown Agents Bank UK. Regular risk assessments are conducted to maintain the security and stability of these institutions.

Regulatory Oversight

While we do not hold a banking license, Transfer Vault is rigorously regulated by three leading authorities globally:

These regulatory bodies ensure that we operate in compliance with stringent legal and regulatory standards, ensuring the highest level of service and protection for our clients.

100% Liquidity

As an E-Money Institution (EMI), we do not engage in lending client funds, unlike traditional banks. This policy ensures that we maintain 100% liquidity, allowing us to promptly return your funds upon request or requirement.

Financial Services Compensation Scheme (FSCS)

Since we are not part of the Financial Services Compensation Scheme (FSCS), we retain 100% liquidity to promptly return client funds as needed. The FSCS in the UK provides compensation to eligible individuals and small businesses if their financial institution fails, covering various financial services up to specified limits.

If you have any questions regarding how Transfer Vault safeguards your funds or about your account, please reach out to your Client Manager or contact our team directly. We are here to provide you with peace of mind and exceptional service.

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