We enlisted @Rob to write up an overview of our security processes for how we’ll keep our client money safe.
I forgot to share this the other day but good news, FSCS protection now covers up to 85k worth of investments
In the line of security I have a question which I have been forgetting to ask. As I understand your next priority is to be able to top up directly with a debit card, which is great. My question is would you be able to withdraw money to a random debit card, even not in your name?
My idea is that if someone gets a hold of your account it would be very easy for them to just withdraw all the funds in a random card. Right now I feel pretty secure knowing that only my bank account is connected to my account and even if someone gets a hold of it he/she cannot withdraw the money to a seperate bank account.
Hope you understand my point.
This is news to me
There was question about card topups in the meetup, here’s a direct link to the where it’s discussed in the Designing Freetrade for Android March community meetup.
Excellent spot both!
That’s really good to know, Toby. Hopefully we won’t ever need to put it to the test!
When firms have gone bust in the past, does anyone know how long it has taken to transfer investments to another provider and or return cash ?