Settle Account is a real-time account used to store electronic money, fund payments and receive money. When you become a Settle user, we give you the free Settle Account.
Money sent to your phone number is instantly available in the Settle Account. If received money is denominated in a new currency, Settle automatically creates a new Settle Account in that currency.
Settle Account is your default funding source, but that can be changed at any moment to any of your bank cards.
Besides receiving and storing money, you can:
Settle Group guarantees that your electronic money is safe.
Settle Group is a regulated financial institution. We guarantee that your electronic money is safe and backed 100% in our client account, subject to supervision by the Norwegian financial supervisory authorities. Unlike banks, we are not allowed to invest, speculate or lend out your money. So we keep it safe, locked down, until you choose to spend it or transfer it to your bank account.