How Safe is Suits Me? Complete Security Features and Protection Standards
If a bank has ever turned you down, you’ve had financial struggles, or you’re new to the UK, you’re not alone. At Suits Me, we believe everyone deserves a safe and simple way to manage their money.
That’s why we created an account that’s easy to open, no credit checks, no long forms, and most importantly, secure. In this post, we’ll walk you through exactly how Suits Me keeps your money and personal information safe so you can use your account with confidence.
Is Suits Me Safe?
We’re Not a Bank, But Your Money Is Still Safe
Let’s clear something up first: Suits Me is not a bank. We’re a financial technology company that offers e-money accounts (including no-credit-check bank account alternatives) which are similar to bank accounts, but without the barriers. That said, your money is still protected.
We’re regulated by the Financial Conduct Authority (FCA) in the UK. Plus, all customer funds are held in a safeguarded account completely separate from our business money.
So, if anything happened to Suits Me, your money wouldn’t be touched, it’s protected by law.
We’re not covered by the Financial Services Compensation Scheme (FSCS) like other banks, but our safeguarding means your money is still protected under UK regulation.
Suits Me Account Protection
Strong Security Features to Keep You Protected
Your Suits Me account is built with digital security in mind. Here’s how we protect your information:
- Encryption: Your data is locked up with advanced technology (think of it like a secure vault).
- App & Web Security: You can access your account via our app or online banking – both protected with strong security settings, like getting confirmation of who you’re paying.
- Biometric Login: Use fingerprint or Face ID to log in quickly and safely, add a new payee and update your personal details.
- Two-Factor Authentication: Extra layers of protection when logging in or making certain changes.
- Instant Transaction Alerts: Get real-time notifications for every transaction straight to your phone, keeping you informed about all account activity.
You stay in control with tools to check your balance, move your money and monitor everything from your phone.
What Happens If Something Goes Wrong?
If you think someone’s accessed your account or you’ve lost your card, don’t panic. We’ve got you.
- Freeze your card instantly from the app or your online account
- Contact our multilingual support team (03330 151 858), who are trained to help with fraud and account issues.
- We’ll investigate and support you every step of the way.
We also use real-time transaction monitoring, so if something doesn’t look right, we can check with you and act fast.
Fraud Prevention: What You Can Do
We do our part, and you can do yours too. Here are some simple tips to protect yourself:
- Never share your PIN or password with anyone.
- Watch out for scams pretending to be SuitsMe. We’ll never ask you for your login over text or email.
- Use strong passwords that are hard to guess, especially on your email account – this prevents unauthorised access to your online banking through password reset links sent to your email.
- Don’t log in on public wifi unless it’s secure.
Together, we can help keep your money safe.
Designed for Real People, Not Just Perfect Credit Scores
At Suits Me, we know not everyone has a perfect credit score. We work with people who:
- Are new to the UK
- Have been bankrupt
- Don’t have a UK bank account
- Need a fresh start
That’s why we don’t do credit checks and make it easy to open an account in minutes. But just because it’s easy doesn’t mean it’s not safe. In fact, we’ve built Suits Me with safety at its core.
If you’re looking for a simple, secure way to manage your money, Suits Me has your back.
Your money is protected in safeguarded accounts, your details are locked with encryption, and help is always available if you need it. Whether you’re rebuilding or just starting out, Suits Me can help you move forward with the next steps.
Ready to open your account? Join thousands of people across the UK who trust Suits Me every day.
Open your account now or learn more about how it works.
FAQs
Is Suits Me protected by FSCS?
No, Suits Me accounts are not covered by the Financial Services Compensation Scheme (FSCS), because Suits Me is not a bank – it’s an e-money provider.
However, your money is still protected. It’s held in a safeguarded account that’s completely separate from Suits Me’s business funds. This means your money can’t be used for anything else and is protected by UK law.
Can I use Suits Me without a credit check?
Yes! You don’t need a credit check to open a Suits Me account.
We welcome people who are rebuilding their finances, new to the UK, or need to start afresh. You can open an account in minutes with basic ID – no long forms or credit history needed.
How do I contact support if my account is compromised?
If you think something’s wrong with your account, like fraud or a lost card, no need to worry. You can:
- Freeze your card instantly in the Suits Me app or online dashboard.
- Call or email our support team, who are trained to deal with account issues quickly and respectfully.
- We’ll investigate and support you every step of the way.
Is Suits Me a real bank?
Suits Me is not a traditional bank, but it is a fully regulated (by the Financial Conduct Authority) UK e-money provider. That means your account works like a bank account, with a debit card, payments, and more, but it’s easier to access, with no credit checks required.
How does Suits Me protect my money online?
Suits Me uses advanced encryption, real-time transaction monitoring, biometric logins, and two-factor authentication to keep your money and data secure. You’re always in control, with security features built into the app.
Can I get a Suits Me account if I’ve been bankrupt?
Absolutely. Suits Me was created for people who may have been turned down elsewhere. Whether you’ve had financial struggles or are rebuilding, you’re welcome here, and your money is safe.
