Bank Index

Recognise Bank Limited

Bank · LONDON, United Kingdom · overall 5.6 / 10

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How this 5.6 is built

Average of 6 scored needs: 5.6. Regulation in United Kingdom: 91/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 1 score backed by filings or its own pages.

RECOGNISE BANK LIMITED is recorded in the global register as a bank in LONDON, United Kingdom. The register names Prudential Regulation Authority (Bank of England) as its regulator and shows the licence as licensed. Established 2017. Collected from open registers.

On its own website: “Discover quick and simple business financing and FSCS-protected savings accounts with us. Empowering individuals and businesses to reach their financial goals with exceptional service.”

Legal name
RECOGNISE BANK LIMITED
Regulated by
Prudential Regulation Authority (Bank of England)
Licence confirmed
yes, on a regulator's own list
Established
2017
LEI
213800ZFTXJC7RV9UQ92
Website
recognisebank.co.uk

Scores, 0 to 10

7.5Lowest fees
The bank's own page states no monthly account fee. The ceiling here is 7.5 and not 10 because transfer and card prices were not read on that page. It reads: “No monthly fees” · source
6.0United Kingdom
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
6.0Financial strength & stability
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.5Cross-border payments, FX and multi-currency accounts
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Best interest on business balances
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
5.0Trade, manufacturing & import-export
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source
4.5Fast digital onboarding
Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · 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.