How is my money protected?

All the money held in your Mettle account is covered under the FCA safeguarding requirements and the corresponding regulations*. The purpose of safeguarding is to protect and return customer money if a company fails.

Financial Services Compensation Scheme (FSCS) protection does not apply to electronic money institutions.

*The corresponding regulations refer to Electronic Money Regulations 2011 and Payment Services Regulations 2017. If you want to learn more about these regulations, please visit the FCA website.