Your money is protected even in the unlikely event that bloxley ceases to operate.
bloxley is not a bank. Payment and e-money services are provided by Equals Money Plc (FRN 488396) and Equals Money International Limited (FRN 900493), both authorised and regulated by the Financial Conduct Authority.
Your funds are held in designated safeguarded accounts, kept entirely separate from bloxley's own funds, in accordance with the Payment Services Regulations. This means that in the event of insolvency, your money is ring-fenced and cannot be used to pay bloxley's creditors.
Your funds are not covered by the Financial Services Compensation Scheme (FSCS), as this protection applies to bank accounts only.
If you have further questions about how your money is protected, visit our article on how bloxley keeps your money safe, or contact our support team via the in-app chat or at support@bloxley.com.