Alternatives
Security for Expenses Scheme

Elemental

Professional, bespoke, fully-regulated escrow agent service.
Elemental
NB: This comparison is provided in good faith based on the information available on their websites at the end of December 2024 - you will need to check that our comparison remains accurate and up to date.

Security for Expenses Scheme

Free Security for Expenses accounts, held safely at the Bank of England.
Open Account

Elemental

Professional, bespoke, fully-regulated escrow agent service.
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Compliance Fees
No public information.
% of Security
No public information.
Underlying Bank
Bank of England
No public information.
Segregation
No public information.
Safeguarding
No public information.
No Extra Costs
No public information.
Simple Terms & Conditions
No public information.

How much do the arrangements cost?

Elemental's website provides that they are not presently opening escrow accounts for new clients.

The Security for Expenses Scheme does not charge fees.

Where is the security held?

Elemental's website provides that they are not presently opening escrow accounts for new clients.

The Security for Expenses Scheme holds your security at the Bank of England.

Are the funds segregated and safeguarded?

Elemental's website provides that they are not presently opening escrow accounts for new clients.

The Security for Expenses Scheme segregates and safeguards your funds.

Are there any hidden costs?

Elemental's website provides that they are not presently opening escrow accounts for new clients.

The Security for Expenses Scheme does not allow for any hidden costs.  The only possible extra cost is very clearly signposted - the dispute fee that you can read about here.

How quickly will they open your account?

Elemental's website provides that they are not presently opening escrow accounts for new clients.

The Security for Expenses Scheme can generally open an account within a matter of hours.

What are the terms and conditions?

Elemental's website provides that they are not presently opening escrow accounts for new clients.

The Security for Expenses Scheme operates clear, transparent Scheme Rules - there are only 6 and they are very short.

Find out more about 

Elemental

Open a free Security for Expenses Account

You can open a free Security for Expenses account at any time, 24/7.
Security held at the Bank of England.