Banking can be confusing so we have gather
Where is my money held?
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.
Are you protected by the FSCS Scheme?
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.
Are you regulated by the FCA?
Yes, MoneeMint is regulated by the FCA. We are a distributor of Payrnet Limited which is regulated by the FCA.
How is my data protected?
MoneeMint takes data privacy seriously. You can read our privacy policy at www.moneemint.com/privacy-policy
What is KYC and how does it work?
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.
Do you offer a card with MoneeMint
Yes, we offer both a physical card and a virtual card issues by Mastercard.
How old do I have to be to open an account with MoneeMint?
To open an account with MoneeMint you have to be at least 18 years old.
Can I open an account from overseas?
To open an account with MoneeMint you must have a legal address in the United Kingdom.
Who do you share information with?
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.