Safeguarding

The following Safeguarding arrangements are in place for Customers onboarded in the UK and the Rest of the World that are serviced under Regent Foreign Exchange Limited Terms and Conditions.

In line with regulatory requirements, Regent FE safeguards your funds. This means that the money in your payment account is held at a bank in Safeguarded Accounts as per the FCA rules, and most importantly, is kept separate from Regent FE’s own funds in the event of our insolvency. Regent FE stops safeguarding your funds when the money has been paid out.

The following Safeguarding arrangements are in place for Customers onboarded in the US, Canada, EU and Eurozone that are serviced under the Currencycloud Terms and Conditions. 

When funds are posted to your Currencycloud account, e-money is issued in exchange for these funds, by an Electronic Money Institution who we work with, called Currencycloud. In line with regulatory requirements, Currencycloud safeguards your funds. This means that the money behind the balance you see in your account is held at a reputable bank, and most importantly, is protected for you in the event of Currencycloud’s, or our, insolvency. Currencycloud stops safeguarding your funds when the money has been paid out of your account to your beneficiary’s account. 

The following Safeguarding arrangements are in place for Customers who hold accounts where details specify Payrnet Limited as the bank. 

When funds are posted to your Payrnet account, e-money is issued in exchange for these funds, by an Electronic Money Institution who we are a distributor of, called Payrnet Limited. In line with regulatory requirements, Payrnet safeguards your funds. This means that the money behind the balance you see in your account is held at a reputable bank, and most importantly, is protected for you in the event of Payrnet’s, or our, insolvency. Payrnet stops safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.