Regardless of what happens to Swan, your money is always secure.
Ensuring the safety of your money is a top priority. In compliance with e-money license requirements, Swan has taken measures to protect your funds in all situations. Swan offers two layers of protection:
Safeguarding account
Your funds are kept in a separate safeguarding account at Banque Nationale de Paris (BNP) Paribas, completely separate from Swan's accounts.
- Safe storage: Swan safely stores your money without investing it, following e-money regulations
- Protection in bankruptcy: if Swan goes bankrupt, BNP Paribas fully protects your funds
Crisis operator
If the safeguarding bank fails, the Fonds de Garantie des Dépôts et de Résolution (FGDR), or Deposit Guarantee and Resolution Fund in English, will step in.
- Coverage limit: the FGDR protects each account holder up to €100,000, as part of the French safeguarding system for e-money institutions like Swan
- Who is covered: the FGDR covers both individuals and businesses, with some exceptions (e.g., banks as legal persons)
- Compensation process: Swan's ledger will serve as the authoritative record to ensure all account holders receive their compensation from the FGDR, regardless of nationality
Visit Swan's Trust Center for live information about Swan's security, and to learn how Swan keeps you secure.
If you have further questions, submit a request to Swan Support.