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Challenger Bank Sweepstake


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Pick the first one to go under:


[12]2009Aldermore does not appear on the official Bank of England list of challenger banks as it gained its banking license through the acquisition of Ruffler Bank in 2009. It has since been sold to First Rand of South Africa.


Atom Bank

[13]2015Offering savings and mortgages, and is entirely app-based.


BFC Bank Limited

[14]2015A subsidiary of the Bahrain Financing Company


Chetwood Financial Services

[15]2016Chetwood are a fully licensed bank but are not allowed to conduct any consumer buy-to-let mortgage business.


Civilised Bank - *Quit*

[16]2017Civilised Bank is the only challenger bank to date that has relinquished its banking license, having been granted one in May 2017 and becoming deregulated in May 2018.[citation needed] It has since changed its name to Allica Bank and have now launched, currently offering a single product, a one-year fixed term savings account under a limited UK banking license known as a Part 4A permission.


ClearBank Limited

[17]2016ClearBank claim to be “the UK's first new clearing bank in more than 250 years”.

Focus FS Limited / Monzo Bank Limited[18]2016One of the early app-based banks, Monzo had 3.5 million customers as of February, 2020.


Metro Bank

[19]2010The first high street bank to launch in the UK in over 150 years. Metro Bank posted losses in 2019 of £130.8m after an accounting issue, in stark contrast to profits of £40.6m in 2018. As a result, they have scaled back plans for new branches from 71 over the next three years to just 24.



[20]2016Based in Berlin, this app-based bank passported in to the UK and is now experiencing cyber-security issues, losing customers as a result. It announced in February 2020 that it would be closing all UK accounts on April 15, 2020, due to difficulties around Brexit.



[21]2015Provides business and property loans to SMEs.


Shawbrook Bank

[22]2011Provides savings, business finance, property finance, personal loans.


Starling Bank

[23]2014Starling Bank was founded by former Allied Irish Banks COO, Anne Boden, in January 2014.



[24]2015In January 2018, Tandem Money Limited acquired Harrods Bank Limited (‘HBL’) and then changed the name to ‘Tandem Bank Limited’.


Virgin Money

[25]1995Virgin Money UK plc is a holding company that owns Clydesdale Bank plc, which in turn trades as Clydesdale Bank, Yorkshire Bank and Virgin Money. It was originally set up by National Australia Bank (NAB) in February 2016, when it was called CYBG plc.


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I would remove Virgin - it's just Clydesdale and Yorkshire with a few other bits once NAB needed to sell it for domestic reasons.

N26 has already gone - so I would pick that one.

So for me Clearbank as all it's expansion plans have been destroyed by covid.


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think coinbase use clearbank.

having said that i have to admit that they are brilliant, deposits and withdrawals no more than 15 minutes a piece.

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