EverUp is not a bank. EverUp is a registered EMD agent of Modulr FS Limited which is an electronic money institution authorised by the Financial Conduct Authority (FRN: 900573). EverUp Ltd is also listed on the Financial Services Register with reference no. 902939. Therefore we are monitored by our partner e-money institution and we must comply with the relevant legal, compliance and security requirements set by the regulator.

Your account is an e-money account provided by Modulr FS Limited under its EMI license and does not offer FSCS protection. Our EMI partner stores your money with Bank of England in a ring-fenced account, which means it is never used for any activities. Your money is fully safeguarded. Unlike banks, EverUp does not have a banking license and it is not allowed to use customer’s money to lend or invest in markets or in any other way. The EverUp savings app does not pay any interest or dividends.

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