Is sQuid a bank?

Available to all
sQuid is a stand alone payment network and is independent of any bank. We do not lend money, and you don’t need a bank account to use sQuid.

sQuid enables you to safely and securely pre-load money on to a sQuid smart account. sQuid's payment network is built on secure technologies, and we are an eMoney issuer, authorised by the FSA. Whenever you use sQuid, in a school or education campuses, in a business, or online, you can rely on sQuid to look after your money. That's because its always your money in your sQuid smart account, until you actually make a purchase at a sQuid outlet.

To find out more about sQuid schemes, visit our corporate pages here.

NOT a credit or debit card

sQuid is a smart account
With sQuid you have an online account, you top up your account and then you use it for purchases at a sQuid approved outlet.

Why should I trust sQuid?

FSA regulated
Apart from the name, there is nothing fishy about sQuid. We are fully regulated by the Financial Services Authority (FSA), which means that our customers’ money is tightly controlled.

Is my cash safe?

Yes
Each card reader is protected by a unique security application module (SAM) that creates a trusted transaction environment from encrypted readers. See our FAQs

How secure is the system?

Very...
sQuid uses sophisticated fraud prevention and detection processes and conforms to the Financial Services Authority (FSA) regulatory requirements. See our FAQs