Is my money safe?
Sling Money is a self-custodial wallet, which means you’re in full control of your money.
When you add money 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?
Yes. Virtual Accounts offered through Sling Money are powered by Bridge, a financial technology provider registered as an MSB with FinCEN in the United States and operating in accordance with applicable regulations in other supported regions.
Bridge:
Provides Virtual Account details
Manages currency conversion into your Sling Wallet
Works with licensed partners to facilitate these services
Bridge is not a bank or electronic money institution, but it partners with such entities where required by law.
Both Sling Money and Bridge apply compliance checks, including identity verification (KYC) and financial crime screening (AML), to meet all legal and regulatory obligations.
Do I need to submit additional verification documents?
You must have a verified Sling Money account to access the Virtual Account feature.
In some cases, we may request additional documents—for example, if your transaction volume exceeds expected levels or if extra verification is required under local laws.
If this happens, our team will contact you directly via in-app chat.