Swift Pay is an authorised Electronic Money Institution independently regulated by the Financial Conduct Authority
(FCA) in the UK.
This means we're required by law to keep your money safe by storing it in a low-risk financial institution - in Europe this is in our UK account with Barclays, in the US this is in our US account with Wells Fargo.
These accounts are reserved for customer money, this means your money is kept in a separate account from the money we use to run the business.
In the unlikely event Swift Pay ceased to exist, your money would be paid back from this account, ie from Barclays or Wells Fargo, however it is not covered by the Financial Services Compensation Scheme (FSCS) and therefore is deposited at your own risk. You also cannot earn interest on the money in your Swift Pay account.
Millions of customers trust Swift Pay with their money. We move over £4.5 billion every month, and we take the safety and security of your money seriously.
The Swift Pay debit Mastercard is issued by Swift Pay Ltd under license by Mastercard International Inc. Mastercard is a registered trademark, and the circles design on the card is a trademark of Mastercard International Incorporated. Swift Pay is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900507, for the issuing of electronic money.