Earnr Support

What is a custodian?

A custodian is an independent institution that holds money and assets on trust for customers, keeping them separate from the assets of another institution.

How does the custodian help keep my money safe?

At Earnr, your assets doesn’t sit with us directly. They're held by Sandhurst Trustees, a subsidiary of Bendigo and Adelaide Bank. Their job is to:

• Hold your funds safely in trust accounts and control all funds movements
• Ensure separation from Earnr’s company operating accounts
• Provide oversight to make sure your funds are managed in accordance with the PDS

This structure adds an important layer of independent protection for our customers.

In the event anything were to happen to Earnr or the responsible entity for Earnr, your investments with Earnr will not be lost as they are held on trust for you by the custodian.

The independent custodian would take control Earnr's assets, and act in the best interests of the members to manage or sell the assets and return funds to the members of Earnr.