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I have had to transfer a large amount of money to TW due to TSB closing my account.  I know they are not protected under the Financial Scheme but they say the money is ring fenced .Does that mean safe.?

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For money transfers, some currency exchange providers ring-fence clients funds away from their operations, costs and any associated risks. This separation means that if a financial services provider experiences difficulties in one part of the organization, money in the ring-fenced accounts will not be impacted.

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