About sQuidcard

Is sQuid a bank?

Available to all
sQuid is completely independent from the banking world. We do not lend money or give out mortgages. You cannot get into debt with sQuid. In fact, you don’t even need a bank account to use a sQuid.

sQuid is an independent eMoney network that enables you to safely and securely pre-load money on to a sQuid smart card, which can then be used to make contact less payment for the little things in life, instead of using cash.


NOT a credit or debit card

Never get in to debt
It is impossible to get into debt with sQuid. You can only spend what you have pre-loaded on to your card. There is no risk of spending money that you don’t have.

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