product_feature: relio:business_account:pf:art_1b_licence
This data as json
| id | product_id | feature_key | feature_value | note | source_page |
|---|---|---|---|---|---|
| relio:business_account:pf:art_1b_licence | relio:business_account | pricing_condition | Art. 1b BankG fintech licence (deposit-taking limited to CHF 100M aggregate) | Relio holds a Swiss FINMA Art. 1b BankG ("Bewilligung fuer Institute mit beschraenkter Tätigkeit") licence, not a full Art. 1 banking licence. Customer deposits are NOT covered by esisuisse (the CHF 100k deposit insurance scheme that protects Art. 1 banks). Art. 1b deposits must be held in segregated accounts at a custodian bank under FINMA rules. |