Is my money safe?

Loop is required to keep your money safe and protected. Since we are not a bank ourselves, we do not lend out customer money, we safeguard your money by keeping your money in accounts that are separate from the ones we use to run our business. 

‍Deposits made to the Loop US Dollar Account are insured under the FDIC. You can learn more about The Federal Deposit Insurance Corporation and other information here. 

‍The EUR and GBP accounts also include measures to safeguard your funds by depositing your funds at a segregated account at banking institutions in the UK and Europe.