I’d be careful with this. The product is great for consumers but the company is not the most reputable, dependable, or accessible in case of issue.

You want to be careful when using fintech companies, and only deposit sums you have no problems losing entirely.

Wirecard appears to have gone bankrupt, essentially out of the blue.

That's not to say that others will follow, not at all. It just shows that everbody needs to protect themselves.

Indeed, the Wirecard bankruptcy left some people with access to their money, funny names: U Account, Pockit, Curve, Payoneer, etc. In this bankruptcy deposits seem to be fine, the problem is they're just blocked for a while.

https://www.bbc.com/news/business-53198409

PS. the Wirecard scandal has been brewing for a long time. Just read the FT coverage. By the way, Revolut used to work with Wirecard until the bad reputation of Wirecard made Revolut look for an alternative...not so long ago.

Maybe, maybe not. IIRC they seem to have fraudulently booked some $2bln, revenue claimed to have been generated in Asia, that money must be missing somewhere. And even if deposit guarantee pays for the damage, we all finance that one way or another.

At the end of the day it's us collectively who shoulder the damage.