mrau, take it easy
“LeuPay Service” is a FinTech multi-banking
web-based platform, for e-money and payment services, provided by Financial Institutions, licensed by the owner of the Platform to use the LeuPay Platform.
The element of your Account which constitutes the e-money services, Card/s and payment functionality will be known as the "E-money account".
Important Legal Notice: The e-money issued by us does not qualify as a deposit or an investment service in the sense of the Law and the Client is not protected by any Depositor Compensation Schemes provided by the competent compensation Schemes. Client is not entitled to interest on the balance of e-money or money collected and kept by us under this Agreement.
Deposits are not insured, this is counted and e-money service, thats why its called EMI.
This is NOT a Bank and neither is any EMI, they use a e-money platform, they facilitate payments in/out, thats all.