Common use of YOUR SOKIN ACCOUNT Clause in Contracts

YOUR SOKIN ACCOUNT. 2.1 The electronic money held on your Sokin Account does not earn any interest. Electronic money accounts are not regulated bank accounts. In entering into these Terms & Conditions you acknowledge and agree that the UK’s Financial Services Compensation Scheme (FSCS) does not apply to your Sokin Account. In the unlikely event that we become insolvent, you may lose the electronic money held in your Sokin Account. However, European Electronic Money Directive 2009/110/EC apply to us and these are designed to ensure the safety and liquidity of funds deposited in electronic money accounts.

YOUR SOKIN ACCOUNT. 2.1 The electronic money held on your Sokin Account does not earn any interest. Electronic money accounts are not regulated bank accounts. In entering into these Terms & Conditions you acknowledge and agree that the UK’s Financial Services Compensation Scheme (FSCS) does not apply to your Sokin Account. In the unlikely event that we become insolvent, you may lose the electronic money held in your Sokin Account. However, European Electronic Money Directive 2009/110/EC UK national legislation apply to us and these are designed to ensure the safety and liquidity of funds deposited in electronic money accounts.