Your money is safeguarded under the UK Electronic Money Regulations of 2011.
Your money is ring-fenced and safeguarded at the Bank of England. Unlike the high-street banks, we don’t reinvest or lend your money, and it is always kept separate from Depoway’s finances and accounts. So, even in the event that Depoway is no longer in business your money is safe.
The Depoway app is a free mobile app through which customers can win cash prizes by saving or spending at places they love.
The Depoway app is offered by Depoway Ltd. Depoway Ltd is a private company limited by shares incorporated in England and Wales with the company number 12820673. The registered office is at Office 300b, 182-184 High Street North, E6 2JA London, UK.
Depoway has been appointed as a distributor of electronic money on behalf of Modulr FS Limited. Modulr FS Limited is authorised by the Financial Conduct Authority as an Electronic Money Institution (FRN: 900573). Depoway is on the Financial Services Register with reference no. 902977. The Depoway app is not a bank savings account and doesn't pay interest. Depoway is registered with the Information Commissioners Office, with registration number: ZB008359.
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