As required by the PSA, your money is safeguarded in established financial institutions. Your money is deposited in SGD (or in SGD equivalent) into a dedicated and segregated account held with DBS Bank Ltd (DBS).
Monies in the account are always kept separately from the accounts we use to run Hugosave, and we will not use the money held in this account to repay any debts that we may owe to any other party.
For more information:
https://www.hugosave.com/general-terms