Safeguarding of Client Funds

Client funds received in relation to payment services are held in designated safeguarded accounts with authorised credit institutions. These funds are kept entirely separate from FTFT Finance UK Ltd's own operating funds and are held for the benefit of clients at all times.

We do not mix client funds with our corporate money. Safeguarded accounts are clearly designated as such with our banking partners, and our internal records reconcile client balances to the funds held in those accounts on an ongoing basis.

If FTFT Finance UK Ltd were to become insolvent, safeguarded client funds would be pooled and used to pay claims of clients ahead of other creditors, in line with the Payment Services Regulations 2017. Safeguarded funds are not protected by the Financial Services Compensation Scheme (FSCS), as the FSCS does not apply to payment services.

FTFT Finance UK Ltd is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (FRN: 805666). Our safeguarding arrangements are subject to independent review and regulatory oversight.

For questions about this policy, contact us at legal@ftftpay.com.