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Is my money safe?
Is my money safe?
Cindy Cui avatar
Written by Cindy Cui
Updated over a week ago

Your money in your Earn wallet is transferred to and held securely with the Westpac Banking Corporation, commonly known as ’Westpac’, one of Australia’s ‘Big 4’ banks and an Authorised Deposit Taking Institution. The return earned on your money is based on interest earned in and paid out by a Westpac interest-bearing cash account.

Your contributions to Parpera Earn are not guaranteed and are not protected by the Financial Claims Scheme under the Banking Act 1959 (Cth). Parpera Earn is administered by us in accordance with the Parpera Earn Terms and Conditions.

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