What happens if NoFrixion becomes insolvent?

If NoFrixion were ever to become insolvent, we would activate our Wind Down Plan, which is approved by the Central Bank of Ireland.

Because customer funds are safeguarded and held separately from the company’s own assets, they do not form part of NoFrixion’s estate. The funds would be returned to customers under regulatory oversight.

What happens if the safeguarding bank becomes insolvent?

Safeguarded funds remain segregated and protected, even at the safeguarding bank. These funds are not available to the bank’s creditors and must be returned to customers.