Protecting Your Funds
On March 10, US state regulators closed Silicon Valley Bank (SVB) and appointed the Federal Deposit Insurance Corporation as receiver to protect customer funds.
Message to our customers and partners:
2 minute readHere at Moneycorp, we would like to reassure you that the funds held in your account will not be impacted by the closure of Silicon Valley Bank (SVB) and will continue to be accessible to you as usual.
Moneycorp Group does not have a direct trading or banking relationship with SVB or any related entity. As a client of TTT Moneycorp Limited (“Moneycorp”), the registered UK entity of the Moneycorp Group, your funds are safeguarded in line with the Financial Conduct Authority (“FCA”) in the UK.
All relevant funds are safeguarded and no third-party creditors will have access to these funds.
Additionally, Moneycorp Bank, the banking entity of the Moneycorp Group, is the first of only two members of the Federal Reserve Bank of New York (FRBNY) FBICS program, providing Moneycorp Group with direct access to Federal Reserve US dollar currency services.
We recognise the importance of operating transparently and providing you peace of mind. With over 40 years of experience, we have built a large network of international banking partnerships, allowing our operations to continue as usual.
Should you have any questions, or if you or your business has been impacted by the SVB closure, please reach out to us.
Thank you,
Moneycorp Team
Arrange an FX audit today
Whatever your payment needs are, we've got you covered
Regulatory info | Terms of use | Privacy Policy | Cookie Policy | Accessibility | Modern Slavery Act | Security | Open Banking | Sitemap
None of the information contained in this website constitutes, nor should be construed as financial advice.
Indicative rates are displayed on our website. We use interbank rates as a reference, and these rates should only be used as a guide.
Moneycorp is a trading name of TTT Moneycorp Limited, a company registered in England under registration number 738837. Its registered office address is at Floor 5, Zig Zag Building, 70 Victoria Street, London SW1E 6SQ and it is VAT registration number is 897 3934 54. TTT Moneycorp Limited is authorised by the Financial Conduct Authority under the Payment Service Regulation 2017 (firm reference number 308919) for the provision of payment services.
Moneycorp FRM is a trading name of Moneycorp Financial Risk Management Limited which is authorised and regulated by the Financial Conduct Authority for the provision of designated investment business (firm reference number 452443).
Travel money services are provided by Moneycorp CFX Limited. Moneycorp CFX limited is a company registered in England under registration number 4780562. It is registered office address is at Floor 5, Zig Zag Building , 70 Victoria Street, London, SW1E 6SQ and its VAT registration number is 897 393454.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Explorer™️ Card is issued by Prepay Technologies Ltd (PPS), with its registered office at Floor 6, 3 Sheldon Square, London W2 6HY UK. PPS is authorised and regulated by the UK Financial Conduct Authority for the issuance of e-money with firm reference number 900010.
© Copyright 2024 moneycorp