Security & Privacy
T8 acts as a distributor for Bebawa UAB, an electronic money institution licensed in Lithuania (Authorization Number: LB001973). As an electronic money institution, Bebawa are required to "safeguard" client funds by holding them in a separate account at AB Mano Bankas, a credit institution regulated by Bank of Lithuania, the Lithuanian national regulator (Authorization Code: LB000474).
Safeguarding protects you because, in the event of an insolvency of Bebawa, you will be able to claim your funds from this segregated account and your claim will be paid above all other creditors.
Because the account you hold is an electronic money account (not a bank account), your money is not protected by Lithuanian deposit insurance administered by the State Enterprise Deposit and Investment Insurance (VĮ “Indėlių ir investicijų draudimas”).
We use your ID information to verify your identity. This is to comply with a financial regulation commonly known as 'Know Your Customer’ (KYC) or 'Customer Due Diligence' (CDD) and is the process of a business verifying the identity of its clients. Other than that, we do not use your personal information for other purposes.
T8 complies with the European Union Electronic Money Regulations 2011 and the General Data Protection Act. Our services are governed by the strictest EU regulations. T8’s reputable EU-based technology and banking partners help ensure your money and data are protected and safeguarded through means such as 2-factor authentication, data encryption, firewalls, malware protection and other robust security features.
Please contact our T8 operators immediately via in-app chat or call +44 1273951045. Kindly note that our operators will never ask for your T8 account password.