Yes. Protecting your deposits is and account is the top priority for us.
By working with Solaris SE, a fully licensed bank, we are subject to the same regulations as traditional banks under the supervision of BaFin. Your deposits are protected up to €100,000 through the European Security Fund.
Our technology includes multiple layers of security and uses 2-factor authentication via smsTAN procedure according to PSD2. For each bank transfer, a code is sent to your smartphone via smsTAN. The entry of this code is required to confirm an outgoing transaction. The code is only sent to the device that is linked to your account.
Because security is our top priority, we are constantly working to improve the security of our bank accounts for you.