ID Money review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
ID Money holds a payment institution licence rather than a bank licence, and balances sit under the EU deposit guarantee scheme at EU DGS up to EUR 100,000. That combination suits readers who want a Belgium-based provider with a named authorising regulator and stated deposit cover, and who read licences closely before choosing.
Key facts
- Best for
- A Belgium-based payment institution that still wants deposit guarantee cover on balances.
- Licence type
- Payment institution↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Legal entity
- Money International↗
- Headquarters
- Belgium↗
- Official website
- bceao.int
Facts checked September 26, 2026, 1 source
Pros and cons
Pros
- Balances sit under the EU deposit guarantee scheme, with the stated ceiling at EU DGS up to EUR 100,000
- The licence is a payment institution licence, authorised in Belgium and recorded as PSD_PI BE_NBB!0475445104
- The operator is named as Money International and based in Belgium, so the entity behind the account is easy to pin down
- This licence type is common across the comparison, where 33.3% of accounts carry it
Cons
- It holds a payment institution licence rather than a bank licence, so the account is not run by a bank and readers expecting banking terms need a bank-licensed option
- Cover sits with an EU scheme at EU DGS up to EUR 100,000 rather than a national deposit scheme, so the FSCS up to GBP 85,000 listed by Starling is a different arrangement
Who it suits
- Readers who want a payment institution licence and can accept that the licence reads payment institution rather than a banking one
- People comfortable holding balances under an EU deposit guarantee scheme at EU DGS up to EUR 100,000 rather than a national deposit scheme
- Anyone who checks the register first, since the operator is Money International and the authorisation is PSD_PI BE_NBB!0475445104
Who should look elsewhere
- Readers who want a bank licence, since Varo holds bank while ID Money holds payment institution
- People who want UK deposit protection, as Starling lists FSCS up to GBP 85,000 on its personal account debit card
- Those set on an e-money licence, since Skrill holds e money rather than the payment institution held here
Safety of your money
ID Money holds a payment institution licence, authorised in Belgium and recorded as PSD_PI BE_NBB!0475445104. A payment institution licence is not a bank licence, so the account is not run by a bank. Balances sit under the EU deposit guarantee scheme at EU DGS up to EUR 100,000, and that figure is the stated ceiling for the cover.
Who runs it
The account is run by Money International, the legal entity named in the authorisation record. Its base is Belgium, given as BE, and the authorisation sitting behind it is PSD_PI BE_NBB!0475445104. The operator, the country and the licence entry can all be checked in the same register record.
How ID Money compares
Its licence type is e money, not the payment institution held here, so readers shopping by licence type should weigh it separately.
Where ID Money is available
- Available
- Belgium, Togo
- Licence in Belgium
- BE_NBB (PSD_PI BE_NBB!0475445104), checked September 26, 2026, also valid in Belgium
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much of my balance is protected?+
Balances are covered by the EU deposit guarantee scheme, with the stated ceiling at EU DGS up to EUR 100,000. That is the figure to hold on to when comparing, and it sits under an EU scheme rather than a national deposit scheme, so the currency of the ceiling matters for readers with money in other currencies.
Is ID Money a bank?+
No, the licence type reads payment institution, which is a payment institution licence rather than a banking one. The account therefore comes from a payment institution, and readers who need a bank licence should compare the bank-licensed options instead.
Who runs the account?+
The operator is Money International, and the business sits in Belgium. The named legal entity, the country of registration and the authorisation all appear in the same register entry, so each part can be checked before an account is opened.
Which regulator authorises it?+
The licence is authorised in Belgium, where the regulator is BE_NBB, and the register records it as PSD_PI BE_NBB!0475445104. A payment institution licence under payment institution status means the register entry, not the brand name, is the place to confirm who supervises the account.
How does the protection compare with a UK account?+
A UK personal account lists FSCS up to GBP 85,000, so its ceiling is quoted in pounds under a national scheme. ID Money lists EU DGS up to EUR 100,000, quoted in euros under an EU scheme, and the two ceilings are not directly comparable.
Is the licence different from an e-money provider?+
Yes, the licence reads payment institution rather than the e-money licence held by Skrill, which is e money. The two types sit in different parts of the register, so readers who care about the licence first should weigh them separately.
Which country does it operate from?+
The business is based in Belgium, and the licence is authorised in the same country under PSD_PI BE_NBB!0475445104. That pairing is what a reader checks first, because the regulator and the deposit protection terms follow the country of authorisation rather than the brand.
Sources
- euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licence type, Licences
“EntityCode=BE_NBB!0475445104; EntityType=PSD_PI; ENT_NAM=Money International”
Compiled from 1 source page, checked September 26, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Currency conversion fee, Currencies.
Related by the facts
ID Money
A Belgium-based payment institution that still wants deposit guarantee cover on balances.