UK – FSCS Protection

In the United Kingdom, the Financial Services Compensation Scheme (FSCS) protects eligible deposits held with authorised UK banks, building societies and credit unions, up to the applicable limit per person, per institution. FSCS protection applies at your bank, not at VZro.

When you connect your UK bank accounts through Open Banking, your money remains in your bank. VZro and its Open Banking partners do not hold those deposits; we simply access information or initiate payments with your consent.

EU – Deposit Guarantee Schemes

In the European Union, deposits with eligible banks are generally protected by national Deposit Guarantee Schemes (DGS) operating under EU law. These schemes typically protect eligible deposits up to a specified limit per person, per bank.

When you connect an EU bank account via Open Banking or a similar regulated interface, your funds remain with your bank, and any deposit guarantee protection is provided by that bank’s national scheme.

US – FDIC / NCUA & Other Protection

In the United States, deposits at participating banks and savings institutions may be insured by the FDIC, and deposits at participating credit unions may be insured by the NCUA, up to the applicable limits.

If you link US bank accounts or cards through supported APIs, your money remains with your financial institution. Any FDIC, NCUA or equivalent protection continues to apply through that institution.

Safeguarded Funds with EMI or Wallet Partners

If in the future we offer stored-value or wallet balances via regulated Electronic Money Institutions (EMIs) or similar partners, those funds would usually be protected by safeguarding rules, not deposit insurance schemes such as FSCS, DGS or FDIC.

Safeguarding means your funds are kept in segregated accounts, separate from the EMI’s own money, and cannot be used for lending or operational expenses.

How API Providers Handle Your Data and Funds

When you connect your accounts via Open Banking or similar APIs, your data is processed securely through regulated providers. VZro does not receive or store your banking credentials, and all access is controlled through consent mechanisms. We clearly indicate in-app how and where your money is held, and which form of protection applies in each case.