No, Omega is An Electronic Money Institution (EMI) authorised and regulated by the Financial Conduct Authority (FCA) in the UK (FRN:901093).

EMIs can offer services such as issuing electronic money, providing payment accounts, executing payment transactions, and issuing payment instruments. However, unlike banks, EMIs are not permitted to accept deposits or grant credit from the funds received for the issuance of electronic money. Instead, these funds are safeguarded in separate accounts.

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If you have any questions, please reach out to our customer support team for assistance via email at [email protected] or through the online chat at omg.one.