About Card Payments
When you use a credit or debit card to fund your account, it's important to understand what this transaction represents — and what it doesn’t.
👉 This information is provided for informational purposes only. No action is required from account holders or financial advisers.
❌ What This Is Not
When you use your credit or debit card to fund your account, you are not:
Purchasing a digital subscription or online service (like Netflix, Spotify, or a cloud-based platform)
Buying financial assets or securities directly using your card
Entering into a transaction for goods or services in the traditional sense
Making a payment to us as a merchant or service provider
Framing the transaction correctly helps prevent issues such as:
Being taxed incorrectly in your country of residence as if you were purchasing a service
Being flagged by payment processors or card networks for using cards to buy regulated financial instruments directly — which is often restricted
✅ What This Is
When you fund your account by card, you are:
Making a capital contribution to a trust account held in your name
Your contribution is deposited into a segregated client monies account (held at Bank of New York Mellon)
We act as trustee, and you are the beneficiary of the account
We then execute purchases of funds on your behalf, based on your selected investment strategy — not as a direct product purchase made by you
This setup ensures:
Proper legal and tax treatment under Guernsey’s regulated trust structure
Secure handling of funds, aligned with international regulatory standards
A clear distinction between your contribution and a retail card-based purchase