Are my funds safe?

Yes, funds held with NoFrixion are protected under the Electronic Money Institution (EMI) safeguarding framework, which is regulated under EU financial services rules.

Unlike banks, an EMI cannot lend customer funds or use them for its own business activities. 100% of customer funds must be safeguarded at all times.

This means your funds are held in segregated safeguarding accounts with regulated EU credit institutions. These accounts are separate from NoFrixion’s own operating funds and are legally ring-fenced, meaning they cannot be accessed by NoFrixion or its creditors.

Because EMIs are not permitted to lend or invest customer funds, your money is not exposed to lending risk.