Here are the real questions we should be asking :
1- Why was AG Wirecard bankrupt ? Did they lose the money or was it because their stock dropped due to the 1.9 billion missing scandal? ie. the money was a lie and it was never there in the first place, so nothing to worry about.
2- The 1.9...
Ok guys, I think we can relax I found a really reassuring information on the FCA's website :
"Safeguarding is a key consumer protection measure within the EMRs and the PSRs. The purpose of safeguarding is to protect and return customer money if a firm was to fail.
Wirecard is required under...
OK, what I understood is that the German branch filed for bankruptcy and that's why the funds were frozen by the FCA. So there is no reason to worry because :
a- they were not declared bankrupt, so your money should be safe
b- the UK government froze the money early enough so they can't access...
Thing is, there is this statement on the website :
22. FUNDS PROTECTION
The Prepaid MasterCard is an electronic money product and although it is a product regulated by the Financial Conduct Authority, it is not covered by the Financial Services Compensation Scheme. No other compensation...
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