Is my money covered by the Financial Services Compensation Scheme (FSCS)?

No. The FSCS is a government-backed insurance scheme designed for traditional banks that lend out customer deposits. Because Moneff is an EMI and does not lend your money, we use Safeguarding instead. Safeguarding applies to all customer funds. Whether you have £100 or £1,000,000 with us, the entire balance is protected through segregation and statutory trust.