Glossary
A
Access terms
The rules on getting at your money, including notice periods, lockups, minimum balances and any cooldown.
Account kind
The sort of account you hold, such as an instant access account you can draw on at any time.
Audience
The kind of customer each account is built for, from business-only accounts to travel cards.
Australian Securities and Investments Commission (ASIC)
The Australian Securities and Investments Commission (ASIC) authorises companies that trade, hold or move money in Australia.
Autorite de Controle Prudentiel et de Resolution (ACPR)
Autorite de Controle Prudentiel et de Resolution (ACPR) supervises banks, credit institutions and payment firms in France.
B
Banco de Espana
Spain's central bank, the authority that authorises and supervises banks and payment institutions there.
Bank of Ghana
Bank of Ghana is the central bank of Ghana and the supervisor of banks and other financial firms in the country.
BE_NBB
BE_NBB is the code at the front of a Belgian payment service licence number issued under the National Bank of Belgium.
Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin)
The Bundesanstalt fuer Finanzdienstleistungsaufsicht is the German regulator that licenses and supervises financial firms.
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
The Bundesanstalt für Finanzdienstdienstleistungsaufsicht keeps the German register of firms allowed to hold deposits.
C
Central Bank of Armenia
The Central Bank of Armenia supervises banks and payment firms in Armenia, and each licensed firm publishes its licence number.
Central Bank of Ireland
Ireland's central bank, whose licence record shows whether a provider is supervised at home rather than from abroad.
Central Bank of Kenya
The Central Bank of Kenya supervises banks and other financial institutions in Kenya, and it is where a reader checks a provider's standing.
Central Bank of Nigeria
The Central Bank of Nigeria keeps the register of banks and payment service providers, and Juicyway's published reference ties a firm to that register.
Central Bank of the UAE
The Central Bank of the UAE supervises banks and payment firms in the Emirates, and providers publish their licence details.
Comision Nacional Bancaria y de Valores (CNBV)
Comision Nacional Bancaria y de Valores (CNBV) supervises banks, brokerages and other financial institutions in Mexico.
Currencies
How many currencies an account can hold or send, a practical limit on travel and trade.
Currency conversion fee
What a provider charges to convert money on a card payment or a transfer.
D
E
F
FDIC
The FDIC is the US scheme that reimburses depositors if an insured bank fails.
Features
What an account adds beyond the basics, such as shared access or a fully digital setup.
Federal Deposit Insurance Corporation (FDIC)
The Federal Deposit Insurance Corporation insures bank deposits, and insured banks publish the certificate number that names the institution.
Financial Crimes Enforcement Network (FinCEN)
FinCEN assigns registration numbers to money services businesses in the United States, and those businesses print the number on their pages.
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Canada's financial intelligence body, which keeps the public record of registered money services businesses.
FINTRAC
FINTRAC is the regulator money transfer companies report to, and each provider publishes its registration number.
Founded
The year a company was set up, a rough guide to how long it has been trading.
France licence register entry
FR_ACPR is the label on French payment institution entries in the European register, and each entry carries the licence number a reader can check.
Free ATM withdrawals
A free ATM allowance is how many cash withdrawals a month a bank lets you take before charging you.
FSCS
The FSCS is the UK deposit protection scheme that compensates savers if their bank fails.
H
I
L
Legal entity
The registered company name behind a brand, which is the company your money is actually held by.
Licence type
A licence type is the permission a regulator grants, which decides how a provider is allowed to handle money.
Lithuania licence register entry
LT_BL is the label on Lithuanian electronic money entries in the European register, and it shows the number each firm is registered under.
Local account details
Local account details show which national payment format a bank's customers use, so payments and direct debits land in the right account.
M
Mastercard
Mastercard is the card network that issuers and merchants build on, and a debit card on it pays straight from the account balance.
Minimum deposit
The smallest amount you must place before an account is open or usable.
Monthly fee
A regular charge for holding an account, the easiest cost to avoid and the easiest to miss.
N
O
P
Payout methods
The ways a provider can get money to you, which decides how quickly you can reach a transfer.
PayPal
PayPal is a digital wallet that holds a balance you top up from a card or bank account and spend or send elsewhere.
Pricing model
How a provider makes money from your account, either a flat charge or a fee on what you do with it.
R
S
T
Term
A term is the period a fixed deposit is tied up for, in return for a rate the bank knows in advance.
Transfer fee
What it costs to move money, and the part of a provider's pricing readers miss most often.
Transfer fee amount
The flat charge a provider lists for sending money, separate from the exchange rate.