Glint is an Electronic Money Institution (EMI), authorised and regulated by the UK Financial Conduct Authority, (FCA) and we are required by law to keep your money safe by storing it in a low-risk financial institution. We safeguard your monies in segregated client accounts held with the Tier 1 banking institution, Lloyds Bank plc.
In the event Glint were to become insolvent your money is protected.
Glint is an EMI unlike an official deposit taking Banking Institution and does not have your money guaranteed by the Financial Services Compensation Scheme (FSCS).
Details of the FCA approach for an EMI can be found here.