Is my money safe?
Sling Money is a self-custodial wallet, which means you’re in full control of your money.
When you add funds to Sling Money via our Virtual Account details, the transaction is processed via our partner, Bridge. Bridge is registered as a Money Services Business with FinCEN in the United States, and it operates under appropriate regulatory frameworks in other regions.
While the funds are not held in a traditional bank account or covered by deposit guarantee schemes, both Sling Money and Bridge implement strong controls and follow regulatory obligations designed to protect users and reduce risk.
Are Virtual Accounts regulated?
As stated above, Virtual Accounts offered through Sling Money are powered by Bridge, a financial technology provider that is registered as a Money Services Business with FinCEN in the United States and operates under appropriate regulatory frameworks in other regions.
Bridge provides access to Virtual Account details and handles virtual currency conversion to your Sling Wallet.
Bridge itself is not a bank or an electronic money institution; it works with licensed entities to facilitate these services.
Both Sling Money and Bridge apply relevant compliance controls, including identity verification and financial crime checks, to meet legal requirements in supported countries.
Do I need to submit additional KYC/AML documents?
You are required to have a successfully verified Sling Money account to be able to access the Virtual Account details product. Just like operating your Sling Money account, you may be required to provide additional verification and documentation, for example, if your transaction volume increase outside of our expectations. The team will be in touch via chat.