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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
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For access to your online account please contact your personal account manager, alternatively email team@regencyfx.com.
When you are moving a large sum of money abroad, one of the first questions you are likely to ask is whether your money is safe. It is a completely reasonable thing to want to know, especially when the transfer involves a property purchase, a pension, a business payment or savings built over many years.
Most people assume that using a bank is automatically the safest option. In reality, the protections offered by regulated currency specialists are just as robust and in some ways better suited to large international transfers.
In this guide, we explain exactly how your money is protected at every stage of a transfer with Regency FX, how that compares to a bank and what to look for when choosing any currency provider.
For small, everyday payments the risk is manageable. If something goes wrong with a £200 transaction, the consequences are frustrating but recoverable.
For transfers of £50,000, £200,000 or more, the stakes are entirely different. Whether you are completing on a property, repatriating savings or paying an overseas supplier, the funds need to arrive safely, on time and in full.
This is where understanding how your money is protected stops being a box-ticking exercise and becomes genuinely important.
When you hold money in a UK bank account, your deposits are protected up to £120,000 per person per institution under the Financial Services Compensation Scheme (FSCS).
This is a well-known and widely trusted protection. However, there are two important limitations worth understanding.
First, the FSCS limit applies to deposits held in your account, not to money that is in transit during a transfer. Once funds leave your account and enter the international payment system, they are no longer sitting in your protected deposit account.
Second, for large transfers the £120,000 FSCS limit may cover only a fraction of the total amount being moved. A buyer completing on a €400,000 property is moving well beyond that threshold in a single transaction.
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Regulated currency specialists use a protection model called client fund safeguarding. This is a specific legal requirement set by the Financial Conduct Authority (FCA) for authorised payment institutions.
Here is how it works in practice.
When you send funds to a currency specialist for conversion and transfer, those funds are held in a dedicated client account that is completely separate from the company's own operating funds. This is known as a segregated account.
This means that even in the unlikely event that the currency provider faced financial difficulties, your money could not be used to pay business debts or creditors. It sits entirely apart, ring-fenced and protected.
This is the same safeguarding model used by leading fintechs and payment institutions across the industry. It is not a lesser form of protection. It is a modern, FCA-regulated standard designed specifically for the movement of large sums.
At Regency FX, client funds are processed through a number of carefully selected, regulated payment partners. Each of these institutions operates under strict FCA regulation and is authorised to hold and process client funds safely.
What this means for you:
Your money is ring-fenced at all times. Funds held on your behalf are kept in segregated client accounts and never mixed with Regency FX's own business funds.
Your money is never at risk from our business. Because your funds are held separately, any financial event affecting Regency FX as a business cannot touch your transfer.
Your transfer is processed through regulated institutions. Every payment flows through FCA-authorised partners, meaning the entire chain of custody is regulated and accountable.
You can track your transfer. Our online portal gives you visibility of your transfer from the moment funds are received to the moment they arrive with the recipient.
This is one of the most common questions we receive and it is worth answering clearly.
FSCS protection covers deposits held in a bank account up to £120,000. It is a compensation scheme, meaning it pays out if a bank fails.
Safeguarding works differently. Rather than compensating you after the fact, it prevents your money from being at risk in the first place by keeping it entirely separate from the provider's own funds.
For money that is in transit, which is what a currency transfer involves, safeguarding is the relevant and appropriate protection. It is the standard used across the regulated payment industry and it is specifically designed for transactions like yours.
Not all currency providers operate to the same standard. Before using any provider for a large transfer, it is worth checking the following:
FCA authorisation or registration. Check the FCA register at https://register.fca.org.uk to confirm the provider or its payment partners are authorised. Authorised status carries stricter requirements than registered status.
Segregated client accounts. Ask whether your funds will be held separately from the company's own money. Any reputable provider should be able to confirm this clearly.
Transparency on the payment chain. You should be able to find out which regulated institution is processing your payment and under which licence.
A clear point of contact. For large transfers, having a dedicated person overseeing your payment is not just a convenience. It is a safeguard against errors, delays and missed deadlines.
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Not necessarily. Both models offer robust protections when the provider is properly regulated. Banks offer FSCS deposit protection up to £120,000. Regulated currency specialists offer FCA-mandated client fund safeguarding, which ring-fences your money in segregated accounts throughout the transfer process.
Because client funds are held in segregated accounts completely separate from Regency FX's business funds, they are protected from any business liabilities. Your money cannot be used to settle company debts and would be returned to you.
Regency FX works with regulated payment partners including Sciopay, GC Partners and CurrencyCloud. Each partner is FCA-regulated and operates to strict client fund safeguarding requirements.
Authorised payment institutions are subject to stricter conduct and capital requirements than registered ones. The FCA register at fca.org.uk allows you to verify the status of any provider or its partners.
Yes. Our online portal allows you to monitor your transfer from receipt of funds through to delivery, so you always know where your money is.
FSCS protects deposits held in bank accounts, not funds in transit. For international transfers, client fund safeguarding under FCA regulation is the relevant protection and it covers your full transfer amount regardless of size.
Moving large sums of money internationally is one of the most significant financial decisions many people make. Whether you are buying a property abroad, emigrating, managing business payments or bringing savings home, you need complete confidence that your money is protected from the moment it leaves your account to the moment it arrives.
At Regency FX, every transfer is processed through FCA-regulated payment partners with full client fund segregation. Your money is never at risk from our business and you have a dedicated account manager overseeing every step.
We are also transparent about how this works. If you have questions about the safety of your funds at any point, your account manager can walk you through the process clearly and without jargon.
When the amount matters, the protection needs to match. That is what we are here for.
Get your free quote today and transfer with complete confidence.
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