When choosing a banking partner for your business, ensuring the security of your money is essential. In this article, we'll explain how Rauva guarantees the safety of your funds.

Opening an account with Rauva offers numerous advantages for Portuguese entrepreneurs. Not only can you quickly transfer money and send certified digital invoices from your mobile phone, but you can also rest assured that your money is protected. We want to explain how we provide this assurance.

How Does Rauva Ensure the Security of your Money?

Your money is always safeguarded, regardless of what happens to us or our partner, Swan. As an electronic money institution, Swan provides this guarantee by opening a security account with a top European bank, BNP Paribas. This account is separate from Swan's account, and only the customer can access their deposited funds.

Both Swan and BNP Paribas are under the financial and regulatory supervision of ACPR/Banque de France (Autorité de Contrôle Prudentiel et de résolution sanctions committee) and must adhere to all applicable laws and regulations, including customer fund safeguarding requirements.

What Happens If Our Banking Partner or BNP Paribas Faces Insolvency?

Funds in Swan's account do not constitute repayable funds to the public under banking and financial regulations. They are protected by being held in a dedicated account at BNP Paribas. This means that deposited funds can never be used to settle Swan's debts in case of insolvency and cannot be seized by any of Swan's creditors.

If Swan were in trouble, our customers could simply withdraw the funds held in the depository bank (BNP Paribas) and transfer them to another account. Furthermore, in the unlikely event that BNP Paribas goes bankrupt, the French Deposit Guarantee and Resolution Fund (FGDR) guarantees all accounts up to EUR 100,000 per person, whether it's a business or freelancer account.

Your hard-earned money will always be protected.

Additional Protection for Your Account and Money

In addition to the EUR 100,000 guarantee per account, Rauva's technology provides extra security by requiring two-factor authentication and biometrics for all transactions, ensuring the safety of your account even if you lose your mobile phone.

Now that you're confident in Rauva's ability to safeguard your funds, we invite you to open a business account and take your business to the next level!