At Pleo, as a highly regulated financial service we take your fund security seriously. That is why we have partnered with the worlds leading banks in keeping your money safe!
What happens when I transfer?
When transferring money to your designated Pleo Account, your money will be held in a segregated account with Danske Bank or JP Morgan. This means that neither Pleo nor anyone else can access your money and it is thoroughly protected.
JP Morgan is designated as a Systematically Important Financial Institution by the United States' Federal Reserve, with the highest rating.
Danske Bank is designated as a Systematically Important Financial Institution by the Danish Central Bank.
If anything happens to Pleo, is my money safe?
In the case of Pleo Technologies A/S and/or Pleo Financial Services A/S being rendered insolvent, customer funds and your rights in regards to them will be unaffected.
As a customer of Pleo your funds are stored in a segregated Customer Funds account held with JP Morgan and/or Danske Bank A/S. In the unlikely event of insolvency your money is protected in all circumstances against the claims of any creditor of Pleo, including JP Morgan and Danske Bank themselves.
As a licensed Electronic Money Institution (EMI) Pleo Financial Services A/S is required to adhere to safeguarding requirements and thus to store all customer funds in a separate segregated account.