How are my funds kept safe? Are Cashplus accounts covered by FSCS? Yes, Cashplus are a member of the Financial Services Compensation Scheme (FSCS).
Which bank owns Cashplus?
Product type Prepaid cards, current accounts and business accounts
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Owner Advanced Payment Solutions Limited
Country United Kingdom
Introduced 2005
Markets Financial services
Is Cashplus becoming a bank?
Is Cashplus a Bank? Yes, Cashplus is a bank! In February 2021 we were very excited to announce that we had become a bank and we'd be able to offer even better products and features to our customers.
Is Cashplus Bank FSCS protected?
In regulatory terms, Cashplus (the trading name of Advanced Payment Solutions Limited, (APS)), is a bank authorised and regulated by the Financial Conduct Authority, with FRN 900002. Are Cashplus accounts covered by FSCS? Yes, Cashplus are a member of the Financial Services Compensation Scheme (FSCS).
How do I cancel my Cashplus account?
Yes. You'll have 30 days from the date your account opens to withdraw from your Agreement, and you can do this in writing or by contacting Customer Services. You'll be required to repay any outstanding balance, including interest and charges, after which your Agreement will be cancelled.
Does PayPal cash affect credit score?
The good news for those who enjoy its ease of use: PayPal does not affect your credit score. This is because your credit does not get pulled when you make a payment using their platform—in fact, PayPal doesn't share any of your financial information when you make a purchase using their tool.