Is Monese covered by FSCS?

We do not provide FSCS protection (which only guarantees customer deposits up to £85,000) - instead we guarantee the protection of 100% of customer funds. Monese is a registered Electronic Money Institution (EMI) which means that we cannot re-invest or 'play with' customers' money.

In the unlikely event of Monese's insolvency customer funds would be unaffected. Customer deposits and our company finances are stored and managed separately so that 100% of customers funds can be returned to customers if we go bankrupt.