Bank Index

Redwood Bank Limited

Bank · LETCHWORTH GARDEN CITY, United Kingdom · overall 5.2 / 10

Open in Bank Index

How this 5.2 is built

Average of 6 scored needs: 5.2. Regulation in United Kingdom: 91/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. Scores set by its kind of institution.

REDWOOD BANK LIMITED is recorded in the global register as a bank in LETCHWORTH GARDEN CITY, United Kingdom. The register names Prudential Regulation Authority (Bank of England) as its regulator and shows the licence as licensed. Established 2015. Collected from open registers.

On its own website: “It’s about time Britain had a business bank that cares as much as you do. We're a specialist business bank focussed on property loans and savings accounts for businesses and charities.”

Legal name
REDWOOD BANK LIMITED
Regulated by
Prudential Regulation Authority (Bank of England)
Licence confirmed
yes, on a regulator's own list
Established
2015
LEI
213800MZ8SY49DGWN237
Website
redwoodbank.co.uk

Scores, 0 to 10

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
5.0Lowest fees
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.