Personal & Premium accounts domiciled


#1

Where are the personal and premium accounts domiciled. In the UK, German etc.??


#2

What do you mean? Do you want to know which bank holds the customer’s funds? Lloyds and maybe Barclays, both UK, as far as I know.


#3

I have just set up a bank account via the app but the only account info I can see is an IBAN beginning with DE, meaning the account is domiciled in Germany. I do not want to have a German account…


#4

Technically, it’s not a bank account right now. It’s an e money account, regulated under UK law. IBAN country codes do not necessarily mean that money is actually held in an account in that country.


#5

Thanks for the reply but it still doesn’t answer my question. When it is an actual bank account where money arrives in and flows out, where will the account/s be based? What will the IBAN start with, what will be the BIC etc.??


#6

Depends.
Personal EUR accounts are in UK

Other accounts are pooled. RON is in Germany.
PLN AED JPY and TRY are pooled in UK at Lloyds


#7

Thank you for answering my question! Mulțumesc…