Dear Customer
It is with regret that we are informing you that Henry Anthony Shinners and Adam Henry Stephens of Smith & Williamson LLP, 25 Moorgate, London, EC2R 6AY were appointed as joint administrators of the Company on 22 May 2019. Your e-money is protected and held by Wirecard Card Solutions Limited at a regulated credit institution. Your funds will not be used by Loot or Wirecard Card Solutions Limited for any other purpose. You are still able to continue to use the account as normal. We are working with the administrators and we will announce further updates here in due course. In the meantime, if you have any questions please email us at [email protected]
The affairs, business and property of the Company are being managed by the administrators Henry Anthony Shinners and Adam Henry Stephens who act as agents of the Company and without personal liability. Henry Anthony Shinners and Adam Henry Stephens are licensed as insolvency practitioners in the UK by the Institute of Chartered Accountants in England and Wales. As such they are bound by the Insolvency Code of Ethics when carrying out all professional work relating to an insolvency appointment.
This is Loot: a current account and contactless Loot Mastercard® card, offering insights into your spending with personalised features to manage your money. Whether you're working towards an around the world trip or your next meal out, Loot believes there’s never a reason to miss out.
Whether you’re saving up for a car, your next big holiday or even just a night out, stay inspired and do it with #LootGoals. Create tailor-made goals with a picture, date and amount you’d like to reach, and make sure you share them with us on social media!
Whether you are using chip and pin or contactless payment, you can spend abroad using the live exchange rate and no added fees in over 210 countries. Find out more about spending abroad and ATM withdrawal charges here.
Loot is a current account and works just as you would imagine, only, Loot is not a bank. The difference is how we look after your money.
Your Loot card is a Mastercard and is protected by Mastercard rules.
Your money is kept in a separate, protected account and is available anytime you need it. We never ever take risks with your money (it doesn’t get invested in anything), and so, your account isn't covered by the Financial Services Compensation Scheme.
This separate, protected account is controlled by Wirecard, the company who issues our Loot cards. In the unlikely event Wirecard becomes insolvent, your money would be protected against any claims made by creditors.
If you would like more information, check out our security page.