In the unlikely event that Vivid Money S.A. went bankrupt, 100% of your funds would be returned to you in full from the safeguarding accounts and QMMF’s, under CSSF supervision.
The money in your Vivid account is separate from our own funds, so it would not form part of our liquidation estate.
What would happen if one of our partner banks went bankrupt?
Your money is safeguarded in accounts opened in the name of Vivid Money S.A. on behalf of its customers and declared to the bank as client-money accounts.
These are unlikely scenarios, the banks where we safeguard are substantial, prudentially supervised European institutions. However, if the safeguarding bank itself was to fail, spreading client money across more than one bank or money market fund also means the risk of loss is less.
In addition, funds held in one of our safeguarding banks - Natixis (BPCE group) - are covered by the French deposit guarantee scheme (Fonds de Garantie des Dépôts et de Résolution, FGDR) up to EUR 100,000 per customer. Because the account is a client-money account, the guarantee looks through to each customer individually rather than treating Vivid as a single depositor. This is the same level of protection you would have at any French or European bank.
For more information, read our article about fund security here.