Safeguarding of Funds
How your money is protected as an e-money customer — and, importantly, how this differs from bank deposit protection.
How your money is protected
Euroly safeguards customer funds with regulated credit institutions, held in segregated accounts separate from Euroly's own money. This means your funds are kept apart from our operating funds at all times.
Not a deposit guarantee scheme
Euroly is not a bank. E-money accounts are not covered by any deposit guarantee scheme (such as a national deposit-protection or FSCS/DGS-style scheme). Instead, your money is protected through safeguarding, as described above.
Where funds are held
Safeguarded funds are held with one or more regulated credit institutions [safeguarding institution(s) TBC]. We publish the name(s) here once confirmed.
What happens if Euroly becomes insolvent
If Euroly were to become insolvent, safeguarded funds are set aside for customers and returned ahead of general creditors, subject to the costs of distributing them.