Coconut is a business current account, not a bank. We don’t take risks with your money, so it isn’t covered by the Financial Services Compensation Scheme. Your money is kept in a protected, ring-fenced account, safeguarded under UK Electronic Money Regulations 2011.
The Coconut card is issued by PrePay Technologies Ltd pursuant to a licence by Mastercard International. PrePay Technologies Ltd is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN: 900010) for the issuing of electronic money and payment instruments. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Company no 09904418, Coconut Platform Ltd.