Regulatory Authorizations

Traid Online Savings operates under multiple regulatory licenses and authorizations across different jurisdictions. Below are our current licenses and permissions that enable us to provide secure banking services globally.

United Kingdom

United Kingdom

Our primary regulatory jurisdiction

Primary License
FCA

Financial Conduct Authority

License Type: Full Banking License

Reference Number: 123456

Granted: January 15, 2018

Status: Active

Authorized Activities:

  • ✓ Accepting deposits
  • ✓ Providing savings accounts
  • ✓ Providing current accounts
  • ✓ Providing loans and credit
  • ✓ Investment services
  • ✓ Payment services
  • ✓ Electronic money services

Restrictions: None

Next Review: January 2025

FSCS

Financial Services Compensation Scheme

Coverage: Depositor Protection

Protection Limit: £85,000 per depositor

Status: Full Protection

Effective: January 16, 2018

Protected Deposits:

  • ✓ Savings accounts
  • ✓ Current accounts
  • ✓ Fixed-term deposits
  • ✓ Joint accounts (separate protection)
ICO

Information Commissioner's Office

Registration: Data Controller

Reference: ZA123456

Status: Registered

Renewal: Annual

Data Processing:

  • ✓ Customer data processing
  • ✓ Financial data handling
  • ✓ International data transfers
European Union

European Union

Passport rights across the EU

EU Passport
ECB

European Central Bank

License Type: EU Banking Passport

Status: Active (UK departure pending)

Countries: 27 EU Member States

Effective: March 2018

Coverage:

  • ✓ Germany
  • ✓ France
  • ✓ Netherlands
  • ✓ Ireland
  • ✓ Spain
  • ✓ Italy
  • ✓ And 21 other EU countries
PSD2

Payment Services Directive 2

License Type: Payment Institution

Status: Compliant

Effective: September 2019

Payment Services:

  • ✓ Payment initiation
  • ✓ Account information services
  • ✓ Payment execution
United States

United States

State-by-state authorizations

Federal License
OCC

Office of the Comptroller of the Currency

License Type: Federal Banking Charter

Reference: OCC-2020-001

Granted: March 2020

Status: Active

National Coverage:

  • ✓ All 50 states
  • ✓ District of Columbia
  • ✓ Federal territories
FDIC

Federal Deposit Insurance Corporation

Coverage: Deposit Insurance

Limit: $250,000 per depositor

Status: Insured

Certificate: FDIC-2020-5678

CFTC

Commodity Futures Trading Commission

Registration: Introducing Broker

Status: Registered

Effective: June 2020

Asia-Pacific

Asia-Pacific

Growing presence in the region

Regional License
MAS

Monetary Authority of Singapore

License Type: Digital Banking License

Reference: MAS-DB-2021-123

Granted: December 2021

Status: Active

Open Account