How does Tally protect my money?
At Tally, we believe money should hold its value over time and remain in the customer’s control. So much so, we pioneered a new type of money that protects and benefits customers, not banks. Whilst the value of your tally is protected from inflation and risky fractional-reserve banking practices, here’s a reminder of some of the other ways Tally has you covered.
Licence and regulation
TallyMoney Ltd is listed with the Financial Conduct Authority (FCA) as an E-Money Directive (EMD) Agent (FCA Ref. No. 902059) under FCA-licensed Electronic Money Institution, PayrNet Limited (“PayrNet”) (FCA Ref No. 900594).
See https://register.fca.org.uk/ShPo_FirmDetailsPage?id=0010X00004ETFsKQAX for details.
Tally Ltd and its operating subsidiaries have entered into a security trust deed with an independent third-party security trustee. In the unlikely event that anything happens to TallyMoney Ltd (or its parent entity Tally Ltd), all of the gold represented as tally in customer accounts will promptly be sold by the Security Trustee (Woodside Corporate Services Ltd, FCA Ref No. 467652), and the fiat value of each customer account, less a 1% fee, will be deposited into the customer’s designated bank account. What’s the 1% for? This pays for the legal mechanism that would come into play and the prompt and efficient administration of returning customer money by the Security Trustee. No limits, no caps, just peace of mind.
The security trustee contact details are as follows:
Woodside Corporate Services Limited
50 Mark Lane,
London EC3R 7QR
The gold linked to your Tally Account is 100% insured through our accredited vault provider in Switzerland.