Is Atom a real bank?

Is Atom a real bank?

Atom Bank is a retail bank in the United Kingdom. It is the United Kingdom's first bank built for smartphone or tablet, without any branches, and the first digital-only challenger bank to be granted a full UK regulatory licence. The company is based in Durham, England.

Is Atom bank a safe bank?

Yes. Your money will be covered by the Financial Services Compensation Scheme (FSCS), which means your deposits are protected up to 85,000 should anything happen to the bank.

Is Atom bank a unicorn?

It was started up in 2005 and has been making bigger steps in recent years, with its banking licence approved last year. Other fintech unicorns to watch include digital-only challenger banks OakNorth, Starling Bank and Atom Bank, Checkout's payments rivals Rapyd and SaltPay, along with money transfer company Zepz.29-Nov-2021

How does ATOM bank work?

How does Atom bank work? You access Atom through an app on your tablet or smartphone. Atom doesn't even send a card, you just move your money via bank transfers. Atom makes the app personal to you, giving the option to alter your app theme and the name of your account.11-Jul-2022

Why is atom Bank successful?

A cost-efficient, effective way of banking our business model is founded on investment and development of technology with clear and simple product and service principles. This low cost and agile infrastructure allows us to offer good value products to customers with a great user experience.

How much is Atom bank worth?

Atom Bank investors Atom Bank's latest funding round in August 2019 was reported to be $12.1 m. In total, Atom Bank has raised $640 m. Atom Bank's latest valuation is reported to be $1.3 b.

Is Atom bank regulated?

Atom bank plc is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA. Our Financial Services Register number is 661960.

Can I have 2 Atom accounts?

Account holders At this time, we're only able to register a POA if you're an existing Atom customer - i.e. you have opened at least one account with us.

Is Atom bank save?

What is an Atom Instant Saver account? It's an app-based instant access savings account that pays interest on the money you put in it. You can save as little or as much as you want up to 100,000. And you can put money in, or take money out whenever you need it it really is easy access.

How many employees does atom bank have?

400 people

Who founded Atom bank?

Anthony Thomson

How many unicorns are in UK?

Hopin founder Johnny Boufarhat became the UK's youngest self-made billionaire at the age of 26 when the company reached unicorn status. More and more unicorns in the UK have come from the world of fintech, with 17 of the 41 current UK unicorns operating in that space.07-Apr-2022

How is Atom Bank funded?

After shifting to a 4-day working week last month, lender Atom Bank has raised "more than 75m" in a fresh round of funding. The cash injection comes nearly a year after the bank raised 40m in April 2021, with today's funding coming from existing investors BBVA and Toscafund along with Infinity Investment Partners.16-Feb-2022

How do I contact an atom Bank?

How to get in touch. If you're a customer, you can contact our Customer Support team via email at [email protected], or by phoning 0333 399 0050. Alternatively, you can use the 'chat' function in your app or tweet us at @AtomHelp. For general non-customer enquiries, email us at [email protected]

How do I open an atom bank account?

Got them? You're ready to open a saving account

  • Download the Atom savings app from the App Store or Google Play Store.
  • Review and accept our T&Cs if you're happy with them.
  • Tap in your details to register with us.
  • Set up your biometrics to keep your savings account secure.
  • Provide a few final personal details.

Why is atom Bank different?

Atom's an app-only bank We're challenging banking norms and offering our customers a new, easier, more efficient way of banking. Put simply, we're a digital bank that you can only access through an app on your smartphone or tablet.

Is Atom bank a PLC?

Atom Bank provides digital and commercial banking services. The Company offers a full range of products, including current accounts and mortgages for both retail and business customers.

Who in your opinion is the target customer for Atom bank in India?

Founded by the former founder and CEO of Metrobank Anthony Thomson, Atom targets the youngster and millennials customer segments between the ages of 18 and 35 and focuses on 3 key areas - Savings Accounts, Mortgages and Small Business's Loans.14-Apr-2021

Do Atom bank do joint accounts?

For joint accounts, each account holder can claim up to 85,000 (a total of 170,000 where there are two account holders). The 85,000 covers all the funds held in the eligible customer's accounts with the bank, including their share of any joint accounts, and not to each separate account.

How do I withdraw money from Atom bank Instant Saver?

You can use the Atom App to make payments out of your Instant Saver via your connected account at any time. As long as there's enough money in your account, there's no limit on the number or value of withdrawals you can make (though a large withdrawal may need to be split across more than one payment).

Is Atom a real bank?

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