Consumers are right to be concerned about the safety of their banking and financial services products. That’s why we’re so proud of our Currensea travel card and the security credentials offered through Open Banking.
The Financial Conduct Authority (FCA) regulates all companies registered with Open Banking.
You can find our entry in the Open Banking directory among some of the most trusted high street banks.
Under Open Banking and the FCA, we are governed by strict rules about how we operate and keep your data secure. We use Open Banking technology with bank-level security. As a result, we’re as secure as the high street banks.
In case you missed it, the Daily Mail mentioned Currensea, discussing protections offered by our travel card.
Under Open Banking, customers have safe access to apps and a better choice of services. Only you can choose which regulated apps and websites you want to use – keeping you in charge.
When you sign up to Currensea, you enable a limited and specific connection with your chosen bank account. This happens in accordance with Open Banking rules. We use it to check that you have enough funds, set suitable limits, and personalise your account for you.
Through Open Banking, you will never be asked to share your password or login details with anyone other than your bank or building society. We never see your login details and we aren’t able to log in to your bank account.
Should you choose to, you can withdraw your consent from us at any given time. Equally, you can contact your bank or building society to let them know you no longer want your Currensea card connected to your account.
You need to approve any payment made from your account. Currensea can only make payments from your account based on spend with the card, using a direct debit which you set up with your usual bank.
In the unlikely event that your Currensea card is compromised, you can rest assured that your bank account will remain safe. We have set appropriate spend limits on your card. However, you can also choose personalised limits or freeze the card whenever you want. So your card has limited access to your account, based on the controls you set.
Currensea offers Mastercard chargeback protection. You may be eligible to make a claim if:
You can help improve security by following these rules:
Currensea is a safe and secure way to spend abroad. By getting a Currensea travel card, you rely on the robust systems and procedures specified by Open Banking and the FCA.
Currensea Limited is registered in England and Wales (No. 11413946), authorised by the Financial Conduct Authority (Reference No. 843507) and is a Principal Member of Mastercard. We are registered with the Information Commissioner's Office (Registration No. ZA524676).
© Currensea Limited 2022