How nsave Keeps Your Money Safe
Understanding Banking Partnerships and Safeguarding
The Simple Answer: Your money is protected by major financial institutions and international banking regulations.
When you open an nsave account, your funds are held at major financial institutions:
- ClearBank (UK)
- JP Morgan (International)
- Regulated financial institutions in the UK and Switzerland
These institutions are overseen by the FCA (Financial Conduct Authority) and equivalent regulators in their countries. Their compliance standards are public and auditable.
What Makes Safeguarding So Important
Here's the key thing: Your money is legally separated from nsave's business.
If nsave faced financial problems tomorrow, your money couldn't be used to pay company debts. It's protected by something called the Electronic Money Directive-an international law that exists specifically to protect customers like you.
Think of it like a safety deposit box at a bank:
- The bank can't use your valuables to cover its losses
- Your items are legally yours, completely separate from the bank's assets
- If the bank fails, you get your items back
Your nsave account works the same way.
How International Payments Work
When you send or receive money across borders, it travels through a network of established correspondent banks. These are regulated institutions that specialize in international payments, not informal channels or intermediaries.
