Live rate: 1 GBP = 1759.0000 KRW (-0.22%)

Inverted: 1 KRW = 0.0006 GBP

Click here for our full travel and holiday rates comparison tool.

Comparison Results:

ProviderExchange RateFeeYou GetServiceNotesAction

Live Market Rate

1759.000001,741.4100
Horizon Currency 1,753.7230

(indicative)

01,753.7230 International Payments and Transfers Experts in international money transfers for business and individuals, delivering industry-beating exchange rates.
CorPay 1,746.6870

(indicative)

01,746.6870 International Payments and Transfers Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent.
wise 1,759.00000.71%1,746.5111 Best Multi-Currency Card One currency card for all your travels. Use it instantly as a digital card and top-up from the app, with the mid-market rate. 40+ currencies. Save up to 87% when you spend internationally.
Travel FX 1,633.840101,633.8401 Holiday FX, Cash Delivery A specialist alternative to banks, bureau de change & the Post Office for clients seeking competitive currency exchange rates. A multiple award-winning company, offering free delivery (over £700.00), no commission charges, payment by Debit Card or Bank Transfer and typically offering the best exchange rates available.
The coventfx 1,581.455301,581.4553Holiday FX, Cash Delivery Covent Garden FX is a family-owned and operated Bureau De Change located in the heart of Central London. Established for over 20 years, we offer extremely competitive exchange rates with no commission and no fees.

Best Bank Rate

Banks
1,709.7480

(upper range)

Variable1,709.7480 Payments, transfers, holiday money Determined using data on spread charges supplied by IMTI

Worst Bank Rate

Banks
1,697.4350

(lower range)

Variable1,697.4350Payments, transfers, holiday money Determined using data on spread charges supplied by Money Mover and Accourt

Paypal

Paypal
1,679.845001,679.8450 International Payments and Transfers
For full historical data please visit: GBP/KRW exchange rate history pages for the year 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012

January - 2024

SunMonTueWedThuFriSat
1

Open: 1,648.7000

Close: 1,648.7000

Mid: 1,648.7000

2

Open: 1,648.6000

Close: 1,656.4000

Mid: 1,655.9000

3

Open: 1,656.2000

Close: 1,659.2000

Mid: 1,654.8000

4

Open: 1,659.2000

Close: 1,667.1000

Mid: 1,663.0000

5

Open: 1,667.1000

Close: 1,672.5000

Mid: 1,668.3000

6
7
8

Open: 1,672.8000

Close: 1,673.7000

Mid: 1,674.3000

9

Open: 1,673.4000

Close: 1,678.6000

Mid: 1,675.6000

10

Open: 1,678.3000

Close: 1,680.7000

Mid: 1,678.4000

11

Open: 1,681.1000

Close: 1,677.6000

Mid: 1,678.4500

12

Open: 1,677.5000

Close: 1,675.0000

Mid: 1,676.1000

13
14
15

Open: 1,673.8000

Close: 1,681.1000

Mid: 1,678.9500

16

Open: 1,680.7000

Close: 1,691.7000

Mid: 1,686.9500

17

Open: 1,691.4000

Close: 1,705.6000

Mid: 1,699.1000

18

Open: 1,705.5000

Close: 1,701.0000

Mid: 1,700.7000

19

Open: 1,700.8000

Close: 1,694.4000

Mid: 1,696.1500

20
21
22

Open: 1,695.2000

Close: 1,702.4000

Mid: 1,698.9500

23

Open: 1,702.5000

Close: 1,697.9000

Mid: 1,699.0500

24

Open: 1,697.9000

Close: 1,696.8000

Mid: 1,698.3000

25

Open: 1,696.8000

Close: 1,699.1000

Mid: 1,698.9000

26

Open: 1,699.0000

Close: 1,698.7000

Mid: 1,698.5000

27
28
29

Open: 1,698.2000

Close: 1,695.1000

Mid: 1,695.0000

30

Open: 1,695.0000

Close: 1,687.7000

Mid: 1,689.5500

31

Open: 1,687.7000

Close: 1,693.3000

Mid: 1,690.9000

February - 2024

SunMonTueWedThuFriSat
1

Open: 1,693.3000

Close: 1,694.8000

Mid: 1,690.7000

2

Open: 1,694.5000

Close: 1,691.9000

Mid: 1,689.6000

3
4
5

Open: 1,692.1000

Close: 1,672.5000

Mid: 1,681.3500

6

Open: 1,672.4000

Close: 1,672.4000

Mid: 1,668.9500

7

Open: 1,672.2000

Close: 1,677.9000

Mid: 1,673.2500

8

Open: 1,677.8000

Close: 1,681.3000

Mid: 1,678.3000

9

Open: 1,681.2000

Close: 1,681.6000

Mid: 1,680.9000

10
11
12

Open: 1,682.4000

Close: 1,678.3000

Mid: 1,679.7500

13

Open: 1,678.6000

Close: 1,689.2000

Mid: 1,682.6000

14

Open: 1,688.9000

Close: 1,672.4000

Mid: 1,680.1000

15

Open: 1,672.1000

Close: 1,674.5000

Mid: 1,672.8500

16

Open: 1,674.0000

Close: 1,679.3000

Mid: 1,674.5000

17
18
19

Open: 1,679.1000

Close: 1,681.4000

Mid: 1,682.6000

20

Open: 1,681.5000

Close: 1,683.9000

Mid: 1,683.9500

21

Open: 1,684.1000

Close: 1,684.2000

Mid: 1,685.0500

22

Open: 1,684.1000

Close: 1,680.9000

Mid: 1,680.8500

23

Open: 1,680.8000

Close: 1,685.8000

Mid: 1,684.7500

24
25
26

Open: 1,687.0000

Close: 1,690.0000

Mid: 1,686.9000

27

Open: 1,690.2000

Close: 1,690.4000

Mid: 1,688.7500

28

Open: 1,690.2000

Close: 1,691.7000

Mid: 1,690.4500

29

Open: 1,691.3000

Close: 1,686.3000

Mid: 1,688.2500

March - 2024

SunMonTueWedThuFriSat
1

Open: 1,686.4000

Close: 1,686.0000

Mid: 1,685.8500

2
3
4

Open: 1,685.5000

Close: 1,690.7000

Mid: 1,687.5500

5

Open: 1,690.7000

Close: 1,698.0000

Mid: 1,693.6500

6

Open: 1,698.2000

Close: 1,693.7000

Mid: 1,696.1500

7

Open: 1,693.8000

Close: 1,696.4000

Mid: 1,693.6500

8

Open: 1,696.3000

Close: 1,693.9000

Mid: 1,693.6500

9
10
11

Open: 1,693.4000

Close: 1,680.9000

Mid: 1,686.0500

12

Open: 1,680.8000

Close: 1,678.7000

Mid: 1,678.4000

13

Open: 1,678.7000

Close: 1,681.7000

Mid: 1,681.2500

14

Open: 1,681.7000

Close: 1,689.0000

Mid: 1,684.1500

15

Open: 1,689.1000

Close: 1,694.8000

Mid: 1,691.6500

16
17
18

Open: 1,694.4000

Close: 1,701.8000

Mid: 1,697.6000

19

Open: 1,701.9000

Close: 1,701.4000

Mid: 1,700.7000

20

Open: 1,701.4000

Close: 1,701.5000

Mid: 1,702.4500

21

Open: 1,701.4000

Close: 1,690.4000

Mid: 1,695.4500

22

Open: 1,690.5000

Close: 1,695.1000

Mid: 1,690.5500

23
24
25

Open: 1,693.6000

Close: 1,693.1000

Mid: 1,691.4000

26

Open: 1,693.1000

Close: 1,697.3000

Mid: 1,693.8000

27

Open: 1,697.3000

Close: 1,707.0000

Mid: 1,700.8000

28

Open: 1,707.1000

Close: 1,704.5000

Mid: 1,702.2000

29

Open: 1,704.6000

Close: 1,699.9000

Mid: 1,701.2500

30
31

April - 2024

SunMonTueWedThuFriSat
1

Open: 1,698.2000

Close: 1,701.1000

Mid: 1,700.7000

2

Open: 1,700.9000

Close: 1,700.6000

Mid: 1,698.0500

3

Open: 1,700.5000

Close: 1,702.4000

Mid: 1,699.3000

4

Open: 1,702.3000

Close: 1,708.6000

Mid: 1,704.8500

5

Open: 1,708.7000

Close: 1,707.5000

Mid: 1,707.1500

6
7
8

Open: 1,706.0000

Close: 1,714.1000

Mid: 1,710.3000

9

Open: 1,714.1000

Close: 1,714.5000

Mid: 1,715.0000

10

Open: 1,714.5000

Close: 1,710.4000

Mid: 1,712.8000

11

Open: 1,710.4000

Close: 1,718.1000

Mid: 1,714.3500

12

Open: 1,718.2000

Close: 1,718.5000

Mid: 1,721.3000

13
14
15

Open: 1,718.2000

Close: 1,727.7000

Mid: 1,724.6000

16

Open: 1,727.7000

Close: 1,727.5000

Mid: 1,733.2000

17

Open: 1,727.6000

Close: 1,718.6000

Mid: 1,723.9000

18

Open: 1,718.5000

Close: 1,717.1000

Mid: 1,714.9000

19

Open: 1,717.1000

Close: 1,701.0000

Mid: 1,713.3000

20
21
22

Open: 1,700.3000

Close: 1,703.5000

Mid: 1,705.3000

23

Open: 1,703.6000

Close: 1,710.4000

Mid: 1,705.5500

24

Open: 1,710.3000

Close: 1,717.4000

Mid: 1,710.9000

25

Open: 1,717.4000

Close: 1,717.0000

Mid: 1,717.5500

26

Open: 1,717.1000

Close: 1,721.3000

Mid: 1,719.3500

27
28
29

Open: 1,741.6000

Close: 1,727.5000

Mid: 1,731.1500

30

Open: 1,727.6000

Close: 1,731.2000

Mid: 1,730.1500

May - 2024

SunMonTueWedThuFriSat
1

Open: 1,731.3000

Close: 1,726.8000

Mid: 1,729.4500

2

Open: 1,726.7000

Close: 1,714.7000

Mid: 1,721.3500

3

Open: 1,714.6000

Close: 1,701.6000

Mid: 1,708.3500

4
5
6

Open: 1,701.1000

Close: 1,702.5000

Mid: 1,705.5000

7

Open: 1,702.5000

Close: 1,700.5000

Mid: 1,703.2500

8

Open: 1,700.5000

Close: 1,706.1000

Mid: 1,701.9000

9

Open: 1,706.1000

Close: 1,711.4000

Mid: 1,708.7500

10

Open: 1,711.3000

Close: 1,717.3000

Mid: 1,713.9000

11
12
13

Open: 1,717.6000

Close: 1,717.4000

Mid: 1,715.5000

14

Open: 1,717.3000

Close: 1,718.8000

Mid: 1,717.2500

15

Open: 1,718.9000

Close: 1,717.3000

Mid: 1,714.6000

16

Open: 1,717.2000

Close: 1,710.3000

Mid: 1,710.0000

17

Open: 1,710.2000

Close: 1,719.9000

Mid: 1,713.8500

18
19
20

Open: 1,719.3000

Close: 1,730.1000

Mid: 1,725.3500

21

Open: 1,730.0000

Close: 1,734.1000

Mid: 1,731.5500

22

Open: 1,734.1000

Close: 1,737.9000

Mid: 1,735.9500

23

Open: 1,737.9000

Close: 1,738.2000

Mid: 1,736.1000

24

Open: 1,738.1000

Close: 1,740.1000

Mid: 1,738.1500

25
26
27

Open: 1,740.6000

Close: 1,739.1000

Mid: 1,738.6000

28

Open: 1,739.2000

Close: 1,740.4000

Mid: 1,736.9500

29

Open: 1,740.4000

Close: 1,741.4000

Mid: 1,741.1500

30

Open: 1,741.5000

Close: 1,752.3000

Mid: 1,745.7500

31

Open: 1,752.4000

Close: 1,762.7000

Mid: 1,756.8000

June - 2024

SunMonTueWedThuFriSat
1
2
3

Open: 1,760.8000

Close: 1,756.7000

Mid: 1,756.2500

4

Open: 1,756.8000

Close: 1,755.2000

Mid: 1,758.8000

5

Open: 1,755.1000

Close: 1,751.4000

Mid: 1,753.0000

6

Open: 1,751.4000

Close: 1,745.2000

Mid: 1,748.7000

7

Open: 1,745.3000

Close: 1,755.5000

Mid: 1,749.9000

8
9
10

Open: 1,755.4000

Close: 1,749.9000

Mid: 1,752.2500

11

Open: 1,750.0000

Close: 1,756.4000

Mid: 1,753.4000

12

Open: 1,756.3000

Close: 1,754.8000

Mid: 1,754.7500

13

Open: 1,754.7000

Close: 1,756.9000

Mid: 1,753.5000

14

Open: 1,756.8000

Close: 1,754.8000

Mid: 1,757.5500

15
16
17

Open: 1,754.7000

Close: 1,753.2000

Mid: 1,751.4500

18

Open: 1,753.1000

Close: 1,753.4000

Mid: 1,754.5500

19

Open: 1,753.3000

Close: 1,758.5000

Mid: 1,756.2500

20

Open: 1,758.4000

Close: 1,762.5000

Mid: 1,760.0000

21

Open: 1,762.6000

Close: 1,755.9000

Mid: 1,759.1500

22
23
24

Open: 1,755.1000

Close: 1,759.3000

Mid: 1,758.0000

25

Open: 1,759.2000

Close: 1,765.3000

Mid: 1,761.5500

26

Open: 1,765.4000

Close: 1,759.8000

Mid: 1,761.7000

27

Open: 1,759.9000

Close: 1,754.2000

Mid: 1,755.7500

28

Open: 1,754.1000

Close: 1,747.1000

Mid: 1,747.1500

29
30

July - 2024

SunMonTueWedThuFriSat
1

Open: 1,745.5000

Close: 1,751.1000

Mid: 1,748.8000

2

Open: 1,750.9000

Close: 1,757.8000

Mid: 1,753.1500

3

Open: 1,757.9000

Close: 1,768.3000

Mid: 1,763.0500

4

Open: 1,768.3000

Close: 1,762.3000

Mid: 1,764.3000

5

Open: 1,762.1000

Close: 1,765.5000

Mid: 1,764.0500

6
7
8

Open: 1,762.5000

Close: 1,772.5000

Mid: 1,769.3000

9

Open: 1,772.4000

Close: 1,769.3000

Mid: 1,770.9500

10

Open: 1,769.3000

Close: 1,777.9000

Mid: 1,773.4000

11

Open: 1,777.9000

Close: 1,772.1000

Mid: 1,774.9500

12

Open: 1,772.1000

Close: 1,786.3000

Mid: 1,778.8000

13
14
15

Open: 1,783.6000

Close: 1,796.3000

Mid: 1,790.1500

16

Open: 1,796.2000

Close: 1,794.8000

Mid: 1,795.4500

17

Open: 1,794.7000

Close: 1,795.0000

Mid: 1,793.6500

18

Open: 1,795.0000

Close: 1,794.2000

Mid: 1,794.0000

19

Open: 1,794.3000

Close: 1,794.6000

Mid: 1,794.1500

20
21
22

Open: 1,795.0000

Close: 1,794.6000

Mid: 1,795.0000

23

Open: 1,794.7000

Close: 1,789.0000

Mid: 1,791.3500

24

Open: 1,789.0000

Close: 1,786.1000

Mid: 1,786.0000

25

Open: 1,786.2000

Close: 1,778.2000

Mid: 1,782.5500

26

Open: 1,778.2000

Close: 1,782.3000

Mid: 1,780.0500

27
28
29

Open: 1,780.5000

Close: 1,777.3000

Mid: 1,777.8000

30

Open: 1,777.4000

Close: 1,776.9000

Mid: 1,777.9000

31

Open: 1,776.8000

Close: 1,760.2000

Mid: 1,767.5500

August - 2024

SunMonTueWedThuFriSat
1

Open: 1,760.3000

Close: 1,745.2000

Mid: 1,752.2000

2

Open: 1,745.4000

Close: 1,738.9000

Mid: 1,744.0500

3
4
5

Open: 1,739.6000

Close: 1,748.1000

Mid: 1,743.2000

6

Open: 1,748.0000

Close: 1,745.8000

Mid: 1,750.5000

7

Open: 1,745.7000

Close: 1,746.0000

Mid: 1,747.2500

8

Open: 1,746.1000

Close: 1,751.7000

Mid: 1,749.1000

9

Open: 1,751.6000

Close: 1,741.8000

Mid: 1,745.3000

10
11
12

Open: 1,742.8000

Close: 1,749.3000

Mid: 1,746.5000

13

Open: 1,749.4000

Close: 1,754.1000

Mid: 1,750.8000

14

Open: 1,754.2000

Close: 1,743.2000

Mid: 1,746.8500

15

Open: 1,743.1000

Close: 1,754.7000

Mid: 1,748.2000

16

Open: 1,754.7000

Close: 1,747.6000

Mid: 1,750.4500

17
18
19

Open: 1,745.5000

Close: 1,730.7000

Mid: 1,737.1000

20

Open: 1,730.7000

Close: 1,731.6000

Mid: 1,730.4500

21

Open: 1,731.8000

Close: 1,748.4000

Mid: 1,739.7000

22

Open: 1,748.6000

Close: 1,757.8000

Mid: 1,752.3000

23

Open: 1,757.8000

Close: 1,749.7000

Mid: 1,753.2500

24
25
26

Open: 1,749.3000

Close: 1,752.3000

Mid: 1,749.6000

27

Open: 1,752.3000

Close: 1,760.4000

Mid: 1,756.0000

28

Open: 1,760.3000

Close: 1,763.7000

Mid: 1,764.3500

29

Open: 1,763.8000

Close: 1,757.1000

Mid: 1,758.8500

30

Open: 1,757.1000

Close: 1,756.0000

Mid: 1,756.7000

31

September - 2024

SunMonTueWedThuFriSat
1
2

Open: 1,756.4000

Close: 1,759.4000

Mid: 1,758.1000

3

Open: 1,759.4000

Close: 1,758.9000

Mid: 1,759.4500

4

Open: 1,758.8000

Close: 1,755.5000

Mid: 1,757.9500

5

Open: 1,755.5000

Close: 1,757.8000

Mid: 1,755.9000

6

Open: 1,757.7000

Close: 1,757.7000

Mid: 1,753.3500

7
8
9

Open: 1,757.3000

Close: 1,755.2000

Mid: 1,758.3500

10

Open: 1,755.1000

Close: 1,758.2000

Mid: 1,756.3500

11

Open: 1,758.1000

Close: 1,747.7000

Mid: 1,751.8500

12

Open: 1,747.7000

Close: 1,754.0000

Mid: 1,750.6500

13

Open: 1,754.2000

Close: 1,744.9000

Mid: 1,748.7500

14
15
16

Open: 1,746.3000

Close: 1,746.3000

Mid: 1,741.2500

17

Open: 1,746.1000

Close: 1,744.5000

Mid: 1,741.8500

18

Open: 1,744.5000

Close: 1,749.9000

Mid: 1,747.0500

19

Open: 1,749.8000

Close: 1,765.0000

Mid: 1,756.1000

20

Open: 1,764.9000

Close: 1,775.1000

Mid: 1,769.7000

21
22
23

Open: 1,775.2000

Close: 1,780.9000

Mid: 1,778.7000

24

Open: 1,780.8000

Close: 1,779.3000

Mid: 1,782.6500

25

Open: 1,779.3000

Close: 1,780.8000

Mid: 1,780.3000

26

Open: 1,780.7000

Close: 1,762.7000

Mid: 1,771.5000

27

Open: 1,762.7000

Close: 1,752.2000

Mid: 1,760.4000

28
29
30

Open: 1,752.5000

Close: 1,764.3000

Mid: 1,755.6000

October - 2024

SunMonTueWedThuFriSat
1

Open: 1,764.3000

Close: 1,760.2000

Mid: 1,763.7000

2

Open: 1,760.3000

Close: 1,757.9000

Mid: 1,755.4500

3

Open: 1,757.9000

Close: 1,751.9000

Mid: 1,756.0500

4

Open: 1,751.9000

Close: 1,767.7000

Mid: 1,760.7000

5
6
7

Open: 1,765.1000

Close: 1,760.7000

Mid: 1,763.6500

8

Open: 1,760.8000

Close: 1,757.8000

Mid: 1,762.5000

9

Open: 1,757.7000

Close: 1,761.7000

Mid: 1,758.0500

10

Open: 1,761.6000

Close: 1,763.9000

Mid: 1,762.3000

11

Open: 1,763.8000

Close: 1,763.3000

Mid: 1,762.4500

12
13
14

Open: 1,763.4000

Close: 1,773.9000

Mid: 1,767.5000

15

Open: 1,773.8000

Close: 1,783.9000

Mid: 1,778.9500

16

Open: 1,784.0000

Close: 1,772.5000

Mid: 1,776.8500

17

Open: 1,772.6000

Close: 1,784.4000

Mid: 1,777.5500

18

Open: 1,784.3000

Close: 1,787.0000

Mid: 1,786.5500

19
20
21

Open: 1,786.6000

Close: 1,791.6000

Mid: 1,789.8500

22

Open: 1,791.6000

Close: 1,791.8000

Mid: 1,790.6500

23

Open: 1,791.7000

Close: 1,783.9000

Mid: 1,790.1000

24

Open: 1,784.0000

Close: 1,789.7000

Mid: 1,786.2500

25

Open: 1,789.6000

Close: 1,799.9000

Mid: 1,797.5500

26
27
28

Open: 1,801.6000

Close: 1,793.4000

Mid: 1,797.3000

29

Open: 1,793.5000

Close: 1,801.8000

Mid: 1,796.1000

30

Open: 1,801.8000

Close: 1,787.6000

Mid: 1,793.9000

31

Open: 1,787.7000

Close: 1,771.9000

Mid: 1,780.2000

November - 2024

SunMonTueWedThuFriSat
1

Open: 1,772.0000

Close: 1,783.4000

Mid: 1,778.3500

2
3
4

Open: 1,789.8000

Close: 1,780.6000

Mid: 1,784.3000

5

Open: 1,780.7000

Close: 1,797.6000

Mid: 1,788.5000

6

Open: 1,797.8000

Close: 1,805.6000

Mid: 1,800.4000

7

Open: 1,805.5000

Close: 1,794.4000

Mid: 1,801.3000

8

Open: 1,794.2000

Close: 1,806.3000

Mid: 1,799.3000

9
10
11

Open: 1,804.6000

Close: 1,803.3000

Mid: 1,802.9000

12

Open: 1,803.3000

Close: 1,795.0000

Mid: 1,799.6500

13

Open: 1,795.0000

Close: 1,787.6000

Mid: 1,788.3000

14

Open: 1,787.4000

Close: 1,781.5000

Mid: 1,782.5000

15

Open: 1,781.3000

Close: 1,760.5000

Mid: 1,770.6500

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18

Open: 1,761.0000

Close: 1,764.9000

Mid: 1,761.6000

19

Open: 1,764.9000

Close: 1,767.3000

Mid: 1,763.7000

20

Open: 1,767.2000

Close: 1,770.8000

Mid: 1,767.1500

21

Open: 1,770.7000

Close: 1,762.9000

Mid: 1,766.8500

22

Open: 1,763.1000

Close: 1,759.0000

Mid: 1,761.3000

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Compare Exchange Rates:

Know What the Best Exchange Rate Looks Like

Benchmark the exchange rate market with Pound Sterling Live's custom currency rate comparison tool with built-in algorithms to find the best rates in the market.

Why

Banks and financial institutions buy and sell currency from each other - these sizeable institutions are 'the market' and the rate they transact at is the 'market rate'. The difference between how much a currency is purchased and sold is the spread, which is essentially the difference between the buy and sell price.

But, when currency is sold by banks to retail customers that spread widens significantly and the profit on the transaction is therefore substantially larger.

Therefore when we focus on the transfer fee when sending money abroad we often miss the biggest cost: the exchange rate spread.

Foreign exchange providers have essentially recognised this and they enter the market to transfer money at tighter spreads, thereby saving potentially significant amounts of money for their clients simply by providing better exchange rates.

For example, the transfer of £100K into euros is expected to attract a rate that delivers between €112,480 and €113,296 with the UK's leading high street banks. But FCA authorised providers will provide a rate that delivers between €115,510 and €115,740 (using rates on 05/07/21).

Taking the time to work with a FCA regulated currency provider could therefore result in the delivery of an extra euros amount of between €2444 and €3030.

Safety is Everything

Pound Sterling Live only works with foreign exchange payment companies that are FCA Authorised. This is important: FCA regulations and oversight requires the money they transfer on your behalf to be protected through a process known as 'safeguarding'. Safeguarding requires the payments company to keep your money separate from their own money in a top-tier bank. Therefore if the provider comes under stress your money should be protected.