SWAN is an electronic money institution focused on alternative banking solutions. SWAN offers personal IBAN accounts, payment cards to natural persons. Incorporated in France, SWAN is authorized and regulated by the Banque de France.
SWAN do not conduct operations with cryptocurrencies.
SWAN is authorized by the Banque de France (reference number 86245) for issuance of electronic money, refund of electronic money, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), issuing payment instruments or acquiring payment transactions. The authorization was granted on 4 June 2020.
Due to EEA passport rules SWAN, can conduct its activities in any of the 31 EEA member states. SWAN do not participate in deposit guarantee schemes.
SWAN is a SWIFT member and a SEPA (SCT, SDD) scheme participant.