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Opening an Account

Do You Run a Credit Check When I Apply for a Yeeld Account?

Learn whether applying for a Yeeld account affects your credit score.

No.

Opening a Yeeld account does not require a credit check, and applying for an account will not affect your credit score.

Why Don't You Run Credit Checks?

A Yeeld account isn't a credit product.

When you apply for a Yeeld account, we'll verify your identity as part of our regulatory Know Your Customer (KYC) and anti-money laundering (AML) requirements, but we don't assess your creditworthiness because you're not applying to borrow money.

What Checks Will Be Carried Out?

Although we don't perform a credit check, we'll ask you to complete identity verification.

This helps us:

Confirm your identity.
Protect your account from fraud.
Meet our legal and regulatory obligations.
Keep the Yeeld platform safe for all customers.

Will This Affect My Credit Score?

No.

Your application for a Yeeld account will not impact your credit score because no credit search is carried out as part of the application process.

What If I Apply for a Credit Product in the Future?

If Yeeld introduces products that involve borrowing, such as loans or other forms of credit, different checks may apply. Any credit checks required for those products would be explained clearly before you submit an application.

In Summary

Yeeld does not run a credit check when you apply for a Yeeld account.
Applying for an account will not affect your credit score.
We do verify your identity to meet legal and regulatory requirements.
If a future Yeeld product requires a credit check, this will always be made clear before you apply.

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Yeeld's products and services are provided by Yeeld Financial Services LTD (15776510) and Yeeld Investments LTD(15775018), wholly owned subsidiaries of Yeeld Technologies LTD (14870361) registered in England and Wales with a registered office at Level 18, 40 Bank Street, Canary Wharf, London, England, E14 5NR.
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This card is issued by Transact Payments Limited pursuant to licence by Visa Europe Limited. Transact Payments Limited is authorised and regulated by the Gibraltar Financial Services Commission. Electronic money accounts and related payment services are provided by Transact Payments Limited, a payment and electronic money institution authorised and regulated by the Gibraltar Financial Services Commission (GFSC) to offer payment and electronic money services in Gibraltar and the United Kingdom. Registered office: 6.20 World Trade Center, 6 Bayside Road, Gibraltar, GX11 1AA. Incorporation number 108217. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme, your funds will be held in one or more segregated accounts and safeguarded in line with Part 4 of the Financial Services (Electronic Money) Regulations 2020.

The Authorised Push Payment (APP) Fraud Reimbursement rules, that apply to bank and payment service providers for relevant UK consumer accounts,do not apply to the accounts provided by TPL.
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For more information on how to prevent APP Fraud from happening, please visit our FAQ section on Fraud.

Yeeld Investment Limited (FCA no: 1019161) is an appointed representative of WealthKernel Limited is authorised and regulated by the Financial Conduct Authority, no. 723719, registered in England and Wales, no. 09686970, with a registered office at 41 Luke St, London, UK, EC2A 4DP. All assets held under custody are protected by The Financial Services Compensation Scheme (FSCS) up to a value of £85,000. Please refer to https://www.fscs.org.uk for more information.