Who holds client money, and under which regime is it held?
Answered for 5 of 6 firms. A binding document stating how customer money is held and by whom. Where the arrangement differs by product or by stage — held as banker before settlement and as client money after, or under scheme rules in one account and client money rules in another — record each, since a reader's protection depends on which applies to them.
FREETRADE LIMITED
VerifiedWe'll treat any cash that is held in your Freetrade Account(s) as 'client money', in accordance with Applicable Requirements. This means that we'll ensure your cash is held separately from our own cash.
The client agreement states that client cash is treated as client money and held separately from the firm's own cash.
Binding document · Freetrade Limited · Check the source
We'll arrange for your client money to be held in one or more bank accounts or qualifying money market funds, each with a third party financial institution that we select in accordance with Applicable Requirements.
The client agreement states that client money is held in bank accounts or qualifying money market funds with a third party financial institution.
Binding document · Freetrade Limited · Check the source
Cash in your PMS SIPP is held by HLPT on trust in SIPP Trustee Bank Accounts in accordance with the Scheme Rules and not the FCA's client money rules. It is segregated from HLPT's own funds and those of HLAM.
The document states that cash in the PMS SIPP is held by HLPT on trust in SIPP Trustee Bank Accounts and is segregated from HLPT's own funds and those of HLAM.
Binding document · Hargreaves Lansdown Asset Management Limited · Check the source
“SIPP Trustee Bank Account” means an account at a bank or credit institution in which HLPT, acting as the HL SIPP trustee, holds money belonging to you and other clients that is held within the HL SIPP;
The terms define a SIPP Trustee Bank Account as an account at a bank or credit institution in which HLPT, acting as HL SIPP trustee, holds money belonging to the client and other clients within the HL SIPP.
Binding document · Hargreaves Lansdown Asset Management Limited · Check the source
Cash we hold for you in Accounts other than the PMS SIPP is held by HLAM on trust in Client Bank Accounts and is segregated from its own funds in accordance with the FCA's client money rules and guidance.
The document states that cash held for Accounts other than the PMS SIPP is held by HLAM on trust in Client Bank Accounts and segregated from its own funds in accordance with the FCA's client money rules.
Binding document · Hargreaves Lansdown Asset Management Limited · Check the source
All cash and assets in PMS SIPP Accounts are held on trust by HLPT in accordance with the Scheme Rules.
The client agreement states that all cash and assets in PMS SIPP Accounts are held on trust by HLPT in accordance with the Scheme Rules.
Binding document · Hargreaves Lansdown Asset Management Limited · Check the source
Cash balances held in the Client Bank Accounts and SIPP Trustee Bank Accounts are expected to earn interest of between 0.5% below and 0.5% above the prevailing Bank of England base rate over the next 12 months.
The agreement states that cash balances are held in Client Bank Accounts and SIPP Trustee Bank Accounts.
Binding document · Hargreaves Lansdown Asset Management Limited · Check the source
“Client Bank Account” means an account at a bank or credit institution, in which we hold money belonging to you and other clients of Hargreaves Lansdown;
The terms define a Client Bank Account as an account at a bank or credit institution in which HLAM holds money belonging to the client and other clients of Hargreaves Lansdown.
Binding document · Hargreaves Lansdown Asset Management Limited · Check the source
MONZO BANK LIMITED
VerifiedWhere we hold money for you in connection with the Investment Services, we hold it in your Monzo current account only. This means we hold that money as banker
The agreement states that where Monzo holds money for the customer in connection with Investment Services, it is held in the customer's Monzo current account and Monzo holds that money as banker.
Binding document · Monzo Bank Limited · client money clause · Check the source
Once money reaches your investment account, the Investment Services Partner holds it as client money and the FCA rules on client money distribution and transfer rules will apply.
The agreement states that once money reaches the investment account, the Investment Services Partner holds it as client money and the FCA rules on client money distribution and transfer apply.
Binding document · Monzo Bank Limited · Check the source
TRADING 212 UK LIMITED
VerifiedAny money, regardless of its currency, held on your behalf by us that qualifies as client money for the purposes of the FCA Client Money Rules will be protected in accordance with those rules and held in a segregated bank account, Term Deposit or held with a Qualifying Money Market Fund (QMMF) alongside the money of our other clients.
The client agreement states that client money is protected under FCA Client Money Rules and held in a segregated bank account, Term Deposit or Qualifying Money Market Fund.
Binding document · Trading 212 UK Limited · Check the source
WISE PAYMENTS LIMITED
VerifiedYour money is deposited in Great British Pounds (GBP) into dedicated and segregated accounts held by us with our safeguarding institutions.
Wise's agreement states that customer money is deposited into dedicated and segregated accounts held by Wise with its safeguarding institutions.
Binding document · Wise Payments Limited · Check the source
STARLING BANK LIMITED
Does not applyThe FCA Register records this firm's client money permission as 'Control but not hold client money', and the client agreement states that its main business is taking deposits from customers. Customer money is held as a bank deposit protected by the FSCS, not as client money under the FCA client money rules, so the question of segregation cannot arise
Every firm here was asked the same question against the same published standard, and every answer quotes the passage it came from. Where the answers differ, the difference is in the firms’ own documents, not in how we read them.
Darker text marks stronger evidence. A statutory register prints at full strength; a firm’s own marketing prints lighter. The methodology sets out the weightings.