How we protect your funds and data.
Radical transparency. No jargon. Here's exactly how your money and information are protected.
Safeguarding
Your STRK account is an e-money account, not a bank account. Your funds are not covered by the Financial Services Compensation Scheme (FSCS).
Instead, your money is protected via safeguarding. Your funds are held in specially designated, safeguarded bank accounts, which keep them separate from our other assets. This means that in the event of insolvency, your funds are ring-fenced and available for return to you.
This is different from a bank deposit. Make sure you understand the distinction.
Encryption
- •TLS 1.3 encryption for all data in transit
- •AES encryption for data at rest
- •PCI-DSS compliant audit trail
Authentication
- •Two-factor authentication (TOTP)
- •Biometric login (Face ID, Touch ID, fingerprint)
- •6-digit PIN app lock
Card Security
- •Freeze/unfreeze cards from the app
- •3D Secure for sensitive card operations
KYC & AML
- •Identity verification during onboarding
- •Transaction monitoring
- •Blockchain analytics for crypto transactions
Your Data
- •GDPR-ready: data export and deletion available on request
Safeguarding Statement
Equals Money Plc accounts are not covered by the Financial Services Compensation Scheme (FSCS), instead your money is protected via safeguarding. Your funds are held in specially designated, safeguarded bank accounts, which keep them separate from our other assets.