Frequently Asked Questions

Banking can be confusing so we have gather

Your money is held in a UK  tier 1 bank in a ring-fenced account which means both the bank and MoneeMint cannot invest with your money.

No, MoneeMint is not protected by the FSCS Scheme. However, as your funds are held by a tier 1 bank your funds cannot be used by MoneeMint.

Yes, MoneeMint is regulated by the FCA. We are a distributor of Payrnet Limited which is regulated by the FCA. 

MoneeMint takes data privacy seriously. You can read our privacy policy at www.moneemint.com/privacy-policy

KYC (Know your Customer) is a process that banks and finacial companies use to verify our customers. You will be required to submit your ID documents via the sign up process.

Yes, we offer both a physical card and a virtual card issues by Mastercard. 

To open an account with MoneeMint you have to be at least 18 years old. 

To open an account with MoneeMint you must have a legal address in the United Kingdom. 

We share certain information with our third-parties to be able to provide our services which include the following;

-Card Providers such as Mastercard

-Our Cloud Platforms

-Our CRM Providers

– Advertising Companies

We also share information with to comply with our legal requirements.