Banking and trust
Is my money protected?Decta Limited, as your money holder, is fully licensed and EMI regulated by the FCA.How do you make money as a business?Although our first goal is to rid money of interest, we are building a business, in order to scale and promote the model of free money. We make money from each transaction from merchant partners.What if I don't need a split payment service? How can Finangel be useful to me?We are making an easy-to-use retail banking app and you can benefit from all of it: spend your money everywhere with MasterCard, track, send and receive money, get fast in-chat support and more!
Split payments
How can I get the free split payments money? Right after receiving your first Finangel card you will see if you are eligible for split payments.How is the split payments limit calculated?Your split payments limit is calculated through 2 major parameters:
  • your credit score
  • your split payment history within Finangel (the more diligent you are, the larger your limit)
What happens if I can not pay back the debt?Finangel gives you a month to get back on track with your payouts. After that your credit score score will be damaged and we will use local Legal partners to deal with the legal actions.
How many ATM withdrawals can I make?You can withdraw money from your account at an ATM, but only the first £170 is free from fees. Above £170 is 1%, min £1.9 in the UK/EU and 2% (min £2.5) outside of the UK/EUHow to top up my account?You can top up your account using your banking cards such as Visa or Mastercard.How do I send money to another account?You can send money to other Finangel users. We are going to launch IBAN transfers within Q2 2019.
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The services are provided by Decta Limited, registered in UK under 09926210.
Decta Limited is a licensed by the FCA UK financial institution, License No. 900592.
Loans for SplitPay are provided by Finangel ltd (UK), registration #11624045
The technical platform is provided by Finangel Ltd, Republic of Cyprus, Registration #389099