FAQ
Who is InCore Bank AG?
Incore Bank AG, based in Schlieren, Switzerland, was founded in 2007 and is an internationally oriented B2B transaction bank for traditional and digital assets regulated by the Swiss Financial Market Supervisory Authority FINMA. Innovative solutions, a comprehensive range of services and a high level of technological expertise position Incore Bank as the preferred techbank and partner for banks, financial intermediaries and corporates in Switzerland and abroad.
Incore Bank stands for one-stop banking: modular, innovative and secure.
What is a transaction bank?
A transaction bank is a financial institution that processes banking transactions for third parties, usually payment transactions, securities transactions and suchlike (known as “white labeling”). Thus, a transaction bank performs services in the value chain of other financial institutions and market participants that follow sales services, occur repeatedly and can be organized as an industrial manufacturing process. A transaction bank has no contact with end customers.
Are my deposits protected under the deposit insurance esisuisse?
Yes, like any bank and any securities firm in Switzerland, InCore Bank is required to sign the Self-regulation «Agreement between esisuisse and its members». This means clients’ deposits are protected up to a maximum of CHF 100,000 per client. Medium-term notes held in the name of the bearer at the issuing bank are also considered deposits. Depositor protection in Switzerland is provided by esisuisse, and the depositor protection system is explained in detail at https://www.esisuisse.ch/en Client information Swiss deposit insurance (PDF)