Unlike traditional banks, Wittix does not invest your money.
Therefore, your money is always instantly available.
Wittix is licensed and regulated by the Supervision Service Department of the Central Bank of Lithuania and is granted Electronic Money Institution (EMI) licence No. 48, with a payment system participant code No. 33000, and conducts business under the laws of the Republic of Lithuania.
Wittix Regulation is set by the Central Bank of Lithuania (the government institution directly regulated by the European Central Bank), which requires all funds deposited in Wittix accounts stored within segregated accounts and always to be kept readily available for client withdrawal.
Our license and all activities covered by this license can be checked here.