We do not provide FSCS protection, instead, we safeguard our customers' funds by placing it into a separate and secure account at an FCA authorised credit institution as per regulatory requirements. Under no circumstances do we ever re-invest or use these funds to run our business.
In the unlikely event of sync. money's insolvency, your account balance will be returned to you directly. However, the process may take longer than it would take with a bank and fees may apply to cover administrator costs.