The funds in your Funding Societies Virtual account is held in a Trust Account which is deliberately distinguished and maintained separately from any other Funding Societies bank accounts as required under relevant regulations.
The beneficiaries of this Trust Account are the Funding Societies’ investors, while the Trust Account is managed by Funding Societies, acting in the best interest of the investors.
The Trust Account setup serves as a strategic mechanism designed to ensure the protection and effective management of the funds placed by the investors. It ensures that the allocated funds are utilised exclusively for purposes agreed upon by the investors, and upholding an effective segregation from Funding Societies’ own assets and finances.
In our Trust account configuration, we have introduced unique Virtual Account (VA) numbers assigned to each investor's account. The introduction of the personalized VA will enable us to expedite your requested transactions and open the door to other potential enhancements in the future.