FAQ
Who is InCore Bank AG?
InCore Bank is a B2B transaction bank founded in 2007 and trusted by numerous private banks, securities firms, asset managers, institutional investors and fintech companies. The Swiss company with a banking and securities firm license stands for a highly capable comprehensive package: from traditional banking to digital assets, outsourcing, white-label investment products and other services. In 2020, InCore Bank became the first B2B bank to receive FINMA approval for banking services with digital assets. This makes it the first choice for companies when it comes to secure access to digital assets. InCore Bank feels at home in both the traditional and digital world.
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)