The Financial Conduct Authority (FCA) recently suspended GuavaPay's authorisation as an electronic money institution. This action highlights the importance of choosing regulated, transparent financial service providers.
At Zero, customer protection is at the heart of everything we do. Our customer funds are safeguarded with ClearBank, a fully regulated UK bank, and our savings deposits are held with Griffin Bank, protected by the FSCS up to £85,000.
We believe this incident underscores why transparency and proper regulation matter. When choosing where to put your money, always check that your provider is properly authorised and that your funds are adequately protected.