Yes, your money is safe with us. Your money is secured and held in an omnibus account that is completely segregated from our own assets.
piggy is not a bank, but a digital savings platform that allows you to save your money at the best conditions.
No, Treasury Bills are colloquially regarded as risk-free. Of course, we only invest in Treasury Bills with the highest security rating.
With piggy, client funds are never exposed to currency risk - this is one of the biggest advantages of piggy.
Your Treasury Bills are held at Interactive Brokers, one of the largest electronic brokers in the world. You can find out more about Interactive Brokers here. Your investments are secured and held in an omnibus account that is completely segregated from our own assets.
We also perform several daily checks and processes to ensure your assets are safe.
-Daily reconciliation of our records with those of the banks and brokers to ensure that all assets are properly segregated and nothing is missing.
-Strict due diligence to ensure that our banks and brokers meet all requirements for the safekeeping of client assets. Due diligence includes regular checks of their creditworthiness and other key metrics and indicators to monitor their financial health and stability.
-Daily reconciliation of our records with those of the banks and brokers to ensure that all assets are properly segregated and nothing is missing.
-Strict due diligence to ensure that our banks and brokers meet all requirements for the safekeeping of client assets. Due diligence includes regular checks of their creditworthiness and other key metrics and indicators to monitor their financial health and stability.
In the event of bankruptcy, your money remains untouched as it is completely segregated from our own assets. In this case, the assets should only be returned to you.
Uploading your ID is part of our security measures to verify your identity in accordance with anti-money laundering and Know Your Customer regulations.
Yes, we take great care to protect your data and use industry standard security measures to secure your personal information. In addition, we strictly adhere to the provisions of the Data Protection Act (DSG) and implement all necessary measures to protect your privacy.
