Swan SAS is the banking partner behind Accountable Banking. When you open an IBAN account through Accountable, that account is provided by Swan, a company based in France (company number 853827103), not by Accountable itself.<\/p>\n
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Swan is an electronic money institution authorised to provide payment services by the French prudential supervisory authority, the Autorit\u00e9 de Contr\u00f4le Prudentiel et de R\u00e9solution<\/i> (ACPR). \ud83c\uddeb\ud83c\uddf7<\/p>\n
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This means Swan is not a traditional bank in the classic sense, but operates under a European e-money licence. This distinction has a few practical consequences for your account. For example, Accountable cannot offer a German “Pf\u00e4ndungsschutzkonto” (P-account), since this type of account is legally reserved for traditional banks only.<\/p>\n
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Yes. Even though Swan is not a traditional credit institution, it is subject to strict regulatory requirements set by the ACPR. Your balance is kept separate from Swan’s own company funds and safeguarded in accounts held at other banks, so your money is protected.<\/p>\n
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You continue using Accountable for your banking, bookkeeping, and support, everything you already know stays the same.<\/p>\n
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Behind the scenes, Swan provides the actual banking services: your IBAN, your card payments, and your transfers.<\/p>\n
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