Yes, absolutely safe. Our partner Modulr is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (reference 900573). HyperJar Limited (reference 902842) is an agent of Modulr FS Limited.
All money paid into your account is managed by Modulr and held in segregated accounts held at the Bank of England. It stays there until it’s spent by you. If HyperJar or one of our partners goes out of business, any money you have not spent will come straight back to you.