ziglu review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Ziglu is a Danish e-money account for everyday spending, and your balance sits with the EU deposit guarantee scheme at EU DGS up to EUR 100,000. It suits people who want a simple place to keep and spend money in Denmark without needing a full bank licence.
Key facts
- Best for
- Keeping and spending money in Denmark without a bank licence.
- Licence type
- E money↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Legal entity
- Ziglu Europe ApS↗
- Headquarters
- Denmark↗
- Official website
- register.fca.org.uk
Facts checked September 26, 2026, 1 source
Pros and cons
Pros
- Your balance is covered by the EU deposit guarantee scheme at EU DGS up to EUR 100,000, while Starling's account sits under FSCS up to GBP 85,000.
- The account is authorised as e money and registered in Denmark as PSD_EMI DK_DFSA!40509, which ties the licence to a named company.
- The provider is a single named company, Ziglu Europe ApS, based in Denmark.
Cons
- Ziglu holds an e money licence, not a bank licence, so your cover stops at EU DGS up to EUR 100,000 rather than running further.
- Varo is licensed as a bank, so readers who want a bank behind the balance will find Varo the closer fit.
Ready to try ziglu?
Who it suits
- People living in Denmark who want everyday payments from a simple account.
- Readers comfortable with an e-money institution, Ziglu Europe ApS, rather than a bank.
- Anyone who checks the register entry PSD_EMI DK_DFSA!40509 before opening an account.
Who should look elsewhere
- Anyone who wants a bank licence: Varo is a bank, so the balance sits with a bank instead.
- People who want UK deposit cover: Starling's account runs under FSCS up to GBP 85,000, not EU DGS up to EUR 100,000.
- Readers whose main job is sending money abroad: Wise holds a payment institution licence, which is built for transfers.
Deposit protection
Ziglu runs on an e money licence issued in Denmark, listed as PSD_EMI DK_DFSA!40509 under the Danish regulator DK DFSA. Balances sit with the EU deposit guarantee scheme at EU DGS up to EUR 100,000, so your money is covered up to that ceiling. An e-money licence means the account holds your balance rather than lending it out, and that scheme is the safeguard behind the balance.
The company behind it
Ziglu is run by Ziglu Europe ApS, headquartered in Denmark. That company is the one named against the Danish e-money registration PSD_EMI DK_DFSA!40509, so the licence and the account sit with the same legal entity. Checking the entity name on your own account documents tells you who holds your balance and which regulator's scheme applies when something goes wrong.
How ziglu compares
Where ziglu is available
- Available
- United Kingdom
- Licence in Denmark
- DK_DFSA (PSD_EMI DK_DFSA!40509), checked September 26, 2026, also valid in Austria, Belgium, Cyprus, Denmark, Spain, France, Greece, Croatia, Ireland, Italy, Netherlands, Portugal, Sweden, Slovenia, Slovakia
Countries from the brand (Source, checked September 29, 2026)
Frequently asked questions
What kind of licence does Ziglu hold?+
Ziglu is authorised as an e money institution in Denmark, registered under PSD_EMI DK_DFSA!40509 with the Danish regulator DK DFSA. An e-money licence means the account holds your balance and sends payments on your instructions, rather than lending money out the way a bank does. Think of it as a place to keep and move money.
Is my money protected?+
Yes. Deposits are covered by the EU deposit guarantee scheme at EU DGS up to EUR 100,000. That protection follows from the e-money licence, e money, rather than from a bank. If you would prefer a national deposit scheme, compare a bank account such as Varo, which is licensed as a bank.
Who runs the Ziglu account?+
The account is run by Ziglu Europe ApS, which is based in Denmark. The same company is the one named against the Danish registration PSD_EMI DK_DFSA!40509, so the licence and the account belong to one legal entity. That name is worth matching against your own account paperwork.
What does an account like this cost?+
Monthly fees across the accounts in this comparison sit at a median of €0, with the highest at €449, so most providers here charge nothing at all. Check what Ziglu itself charges for the account you open, since pricing can follow the plan you pick.
Where is Ziglu based, and can I use it outside Denmark?+
Ziglu is headquartered in Denmark and is authorised there by the Danish regulator DK DFSA under PSD_EMI DK_DFSA!40509. The account is built for a Danish customer base, so if you need a specific national banking detail, confirm it with the provider before you move your salary or direct debits over.
How does Ziglu compare with Wise for sending money abroad?+
Wise holds a payment institution licence and is built for moving money between currencies, while Ziglu's e money licence is aimed at holding and spending a balance in Denmark. If your priority is transfers rather than an everyday account, Wise is the closer fit.
Sources
- euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licence type, Licences
“EntityCode=DK_DFSA!40509; EntityType=PSD_EMI; ENT_NAM=Ziglu Europe ApS”
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
ziglu
Keeping and spending money in Denmark without a bank licence.