Protecting funds
Regardless of what happens to Swan, your money is always secure.
This is a non-negotiable requirement of all e-money licenses that Swan takes seriously. Swan protects you and all of your accounts holders with a safeguarding account that offers two layers of protection.
Visit Swan's Trust Center for live information about Swan's security. Understand security measures in depth, review policies, and find answers to frequent security questions.
Layer 1: Safeguarding account
All funds belonging to Swan account holders are safeguarded in an account at BNP Paribas, completely separate from Swan's accounts.
- E-money institutions are required to hold onto your funds, meaning Swan can't invest them.
- Therefore, all of your funds are in this safeguarding account.
- In the case that Swan goes bankrupt, your funds are secure at the safeguarding bank.
Layer 2: Crisis operator
In the case that Swan's safeguarding bank goes bankrupt, the Fonds de Garantie des Dépôts et de Résolution (FGDR) protects each account holder for up to €100 000 (one hundred thousand euros). In English, FGDR translates to Deposit Guarantee and Resolution Fund, and it's a French fund that extends to all accounts at French e-money institutions.
- The FGDR applies to individuals and companies (natural and legal persons) with a few exceptions (for example, banks as legal persons).
- If Swan's safeguarding bank goes bankrupt, Swan's ledger will be the single source of truth and all account holders, regardless of nationality, will be reimbursed by the FGDR.