Is 3S Money secure and is my money safe?

Your security is crucial to us at 3S Money. We want you to feel safe when storing funds in our International Business Account, or using it to make international payments.

Learn more about how we do this, from the financial protection schemes we’re part of, to how we’re regulated and safeguard your money.

What is safeguarding?

Safeguarding is used by Payment Institutions and E-Money Issuers (PIs and EMIs) to protect funds they hold on behalf of their clients in the event they were to go into liquidation.

This simply means that, by law, we must keep all your funds in accounts that are separate from 3S Money operational funds. In the event that something were to happen to 3S Money, your funds are safe and protected. This is officially called ‘safeguarding of funds’.

Where is my money held?

We distribute ours and our clients’ funds between our correspondent banks: Raiffeisen Bank International Austria, Banking Circle Luxembourg and Crown Agents Bank UK. For the security of our clients and their funds, we regularly review them to ensure they remain low risk.

If there's anything else you'd like to know, please contact our global Sales team today at [email protected] or connect directly with our local teams in the UK, Dubai Netherlands, Latvia, and Luxembourg.

Does 3S Money have a banking licence?

We don't have a banking licence, but three leading authorities globally regulate us:

This means we have a regulatory obligation to operate compliantly and legally. It also motivates businesses to offer their customers the best possible service.

We retain 100% liquidity

As an EMI, we’re not allowed to loan out client funds in the way traditional banks can. This means we aren’t legally required to partake in the Financial Services Compensation Scheme (FSCS). Instead, we retain 100% liquidity so we can return your money immediately if instructed or required.

What’s the Financial Services Compensation Scheme?

The Financial Services Compensation Scheme (FSCS) is a UK statutory fund designed to protect customers of financial services firms.

It provides compensation to eligible individuals and small businesses if their financial institution fails, covering deposits, investments, insurance, and mortgage advice. The FSCS safeguards individuals accounts the maximum compensation of up to £85,000 for individual accounts and 170,000 GBP for joint accounts.

If you'd like to learn more about how 3S Money keeps your funds safe or have any questions about your account, please contact your Client Manager. Alternatively, get in touch with our team - we'd love to hear from you.

Last updated: 23/08/23

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© 3S Money Club Limited 2019-2024. All rights reserved. 3S Money and are trading names of 3S Money Club Limited. 3S Money Club Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for issuing of electronic money and the provision of payment services with FCA registration number 900918. 3S Money Club Limited is registered in England and Wales, Company Number 8574246, with its registered office address at 45 Folgate Street, London, E1 6GL, United Kingdom. 3S Money Club Limited is registered with The United Kingdom Information Commissioner's Office with ICO registration number ZA495485. 3S Money Club Limited (DIFC Branch) is regulated by the Dubai Financial Services Authority (DFSA) with DFSA reference number F007004, authorising it under Article 48 of the Regulatory Law 2004 to carry on the Financial Services comprised in Issuing Payment Instruments and Providing or Operating a Payment Account. 3S Money Club Limited (DIFC Branch) is registered in Dubai International Financial Centre, Licence Number CL5587, with its registered office address at Central Park Towers, office 20-54, DIFC, Dubai, UAE. 3S Money (Luxembourg) S.A. is authorised by the Commission de Surveillance du Secteur Financier (CSSF) under the law of 10 November 2009 on payment services for issuing, distribution and refund of electronic money with CSSF registration number W00000016. 3S Money (Luxembourg) S.A. is registered in Luxembourg, R.C.S number B245715, with its registered office address at 25C, Boulevard Royal, L- 2449, Luxembourg, Grand Duchy of Luxembourg