ClearBank

Digital bank · London, United Kingdom

ClearBank is a UK clearing bank that sells accounts, payment scheme access and FX to other regulated firms rather than to the public. Its clients include Revolut, Tide, Coinbase, Chip, Capital on Tap and LemFi, and it held GBP 17.8 billion of customer deposits across 17.1 million accounts at the end of 2025. It is a direct participant in Faster Payments, Bacs, CHAPS and the Image Clearing System, and its Dutch subsidiary ClearBank Europe N.V. holds an ECB banking licence with direct SEPA Instant and T2 access. In April 2026 ClearBank Europe became the first Dutch credit institution to complete a MiCAR notification with the AFM, which lets it offer the Circle stablecoins EURC and USDC to clients. The UK bank made GBP 12.2 million of profit before tax in 2025 while the group posted a loss after tax of GBP 15.8 million.

Legal name: ClearBank Group Holdings Limited
Regulated by: PRA and FCA (United Kingdom), ClearBank Limited, FRN 754568, European Central Bank and De Nederlandsche Bank (Netherlands), ClearBank Europe N.V., AFM (Netherlands), crypto asset service provider under MiCAR
Licence confirmed: yes, on a regulator's own list
Established: 2015
Website: www.clear.bank

Scores, 0 to 10

10.0Fintech companies that need a partner bank

Banking regulated payment firms is the core business: safeguarding accounts with FSCS protection of GBP 120,000 passed through to end customers, with Revolut, Tide, Coinbase, Chip, Capital on Tap, Teya, Raisin UK and LemFi named as intermediaries on its own FSCS page. · source

8.5United Kingdom

ClearBank Limited appears on the PRA list of authorised banks under FRN 754568 and is a direct participant in Faster Payments, Bacs, CHAPS and the Image Clearing System, but it sells to institutions and only onboarded its first corporate transaction banking client in 2025. · source

8.5Crypto-friendly bank

ClearBank Europe is authorised by the AFM as a crypto asset service provider under MiCAR and banks regulated digital asset firms including Coinbase, Archax and Bybit EU, for which it provides safeguarding and fiat on and off ramping. · source

8.0On-ramp: buy crypto with fiat

ClearBank provides safeguarding and fiat on-ramping for regulated digital asset firms such as Coinbase, Archax and Bybit EU, so companies can fund those exchanges through a bank that serves them directly. · source

8.0Off-ramp: crypto to fiat in a business account

The same exchange clients rely on ClearBank for fiat off-ramping, and its rails settle stablecoin flows back into fiat over SEPA Instant with bank AML and Travel Rule controls. · source

7.5Stablecoins (USDC, USDT and others)

After its April 2026 MiCAR notification ClearBank Europe rolled out Circle Mint access so EU-regulated institutions can convert between fiat and EURC or USDC; unregulated crypto businesses and retail are not eligible. · source

7.0Europe (EU, EEA, Switzerland)

ClearBank Europe N.V. holds an ECB banking licence, went live with SEPA Credit Transfer, SEPA Instant and T2 in 2025 and was passported into 15 EU countries plus the Netherlands, but had only 28 European clients and GBP 38 million of deposits there at year end. · source

7.0Financial strength & stability

CET1 ratio of 50%, liquidity coverage ratio of 445% and sterling client funds held at the Bank of England, offset by an S&P rating of BBB- stable and a group loss after tax of GBP 15.8 million in 2025. · source

6.0Cross-border payments, FX and multi-currency accounts

Holds GBP plus 11 currencies on one IBAN with real-time streaming or 45 second held quotes across 64 currency pairs by API, pays out in 30 or more currencies through correspondent banks, and publishes no FX margin. Multi-currency accounts hold 12 currencies on a single IBAN with API driven FX and high value settlement through CHAPS and T2, but the FX product set is spot only and coverage stops at the UK and the EU. · source

4.5Best interest on business balances

Interest is passed to embedded banking clients through spread arrangements that produced GBP 25.9 million of spread based fee income in 2025, but ClearBank publishes no deposit rate and its savings and flexible Cash ISA products are sold under client brands. · source

4.0Lowest fees

Pricing is contractual and unpublished, and fee income comes from per transaction and platform fees that totalled GBP 62.1 million in 2025. · source

4.0Fast digital onboarding

There is no online application and every product page routes to a Contact sales form; ClearBank onboarded 61 new clients in the whole of 2025 to reach a total of 279. · source

4.0Online businesses: e-commerce and SaaS

Serves acquirers and marketplaces with up to 6 million virtual IBANs per real account and collection in 12 currencies, but does no card acquiring itself and processed its first live card transaction only in 2025. Embedded Banking gives fintechs API accounts and up to 6 million virtual IBANs, but an ordinary software company is not a stated client type and no accounting or Stripe integration exists. · source

3.5Startups & VC-backed companies

A pre-regulated firms programme gives fintechs an operational account and API sandbox during their licence application, but there is no venture debt, no self-serve account and the whole client base was 279 firms at the end of 2025. · source

3.5Foreign-owned & non-resident companies

Clients are regulated firms, pre-regulated firms and corporates served in the UK and EU, and there is no online application; safeguarding and client money accounts are only for firms with the matching permissions. · source

3.0Customer satisfaction

Trustpilot score of 1.7 out of 5 from 54 reviews, a low volume for a bank whose customers are other firms, with several reviews reporting scam payments sent to ClearBank held accounts. · source

3.0High-risk verticals (iGaming, cannabis, adult, forex)

ClearBank publishes no list of prohibited industries on its product pages, so the score is conservative. · source

2.5Accept crypto payments

Its Digital Asset Rails let EU-regulated EMIs, PIs and payment firms move EURC and settle back to euros via SEPA Instant, but there is no merchant checkout or crypto acceptance for ordinary businesses. · source

2.0Crypto wallet and custody for a business

ClearBank states on its Digital Asset Rails page that it does not custody digital assets and clients keep their own external wallets through Taurus, despite completing a MiCAR CASP notification with the AFM in April 2026. · source

1.0Trade, manufacturing & import-export

The product set is accounts, payments, multi-currency and FX and digital asset rails, with no letters of credit, guarantees or supply chain finance offered. · source

1.0Business cards (Visa, Mastercard)

ClearBank's products are accounts, payments, multi-currency and FX and digital assets, and the accounts page mentions no card issuing. · source

1.0Bitcoin

ClearBank's FAQ states there is no crypto trading, speculation or exchange access and no custody, so there is no bitcoin service, checked September 2026. · source

1.0Ethereum

No ether trading, custody or staking; ClearBank uses only regulated stablecoins as a transport layer, per its Digital Asset Rails FAQ checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.