The money borrowers and lenders transfer to Bondora is held on a segregated client account. No interest shall be paid for money held on the client account. We bank with SEB Bank, one of the largest banking groups in Scandinavia. You can find additional information about their credit ratings on SEB Group’s home page.
All payments made to the Bondora account shall be reflected as receipts on your client account. You will receive an email notifying you of an arrived deposit or a repayment. Bondora keeps records and accounts of every payment to and from Bondora account as well as payments between different customers. A daily internal and external reconciliations are made to ensure the accuracy of the records and accounts.
You have the right to withdraw your funds to an account in your name that you have used to make payments to Bondora account. You need to verify all withdrawals using two-factor authentication. All withdrawals will further be reviewed by our accounting team before submitting to our bank over a secure electronic payment order.