How we keep your funds Secure.
Foreign Exchange, Currency accounts & Lending provided by leading FCA Regulated Institutions.
When you open an XC Pay account, we issue you with currency accounts from one of our FCA Authorised and Regulated partners. Through the FCA CASS client segregation of funds rules the funds in your accounts will always remain in your control and your control. Your funds will not be accessible to either XC Pay or our providing partner for operational use and will be protected in the event of institutional insolvency. This also means that neither XC Pay or our partners will ever speculate with your money.
We ensure that the same level of diligence is applied to our Business Lending Solutions and work closely with our FCA Authorised and Regulated partners to ensure that we provide safe and responsible lending to our customers.
For further information on how we keep your funds secure please see the Safeguarding of Funds section of our Terms of Business.