We bank with AS LHV Pank, a subsidiary of LHV – the biggest domestic financial group in Estonia. You can find additional information about their credit ratings here.
The money transferred to Go & Grow may only be used pursuant to Terms of Use and for performing the obligations of the loan agreements. The respective amount in the bank is by its nature a claim (against the bank) that Go & Grow has acquired in its name, but on behalf of the customer and only with the purpose of using it for performance of the mandate.
Therefore, the respective money does not belong to the bankruptcy assets of Go & Grow, and a claim for payment cannot be made for the money in enforcement proceedings, and it shall likewise not be reflected in the balance sheet of Go & Grow. This above all means that by transferring money to Go & Grow you do not completely transfer it to the assets of Go & Grow, but instead retain the necessary rights concerning the money in order to recover it fully in case of financial troubles of Go & Grow.
All payments made to the Go & Grow account shall be reflected as receipts on your client account. You will receive an email notifying you of an arrived payment or a repayment. Go & Grow keeps records and accounts of every payment to and from the Go & Grow account as well as payments between different customers. Daily internal and external reconciliations are made to ensure the accuracy of the records and accounts.
You have the right to withdraw your money to an account in your name that you have used to make payments to your Go & Grow account. You need to verify all withdrawals using two-factor authentication. All withdrawals will further be reviewed by our accounting team before submitting to our bank over a secure electronic payment order.