Atom Bank
App-only bank, no card.
- Who holds it
- The company itself — it holds a full banking licence — UK banking license.
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Atom Bank’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Durham, UK |
| Founded | 2014 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | UK banking license |
| Card | No card |
| Yield | Competitive fixed savers |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Europe |
| Countries | United Kingdom |
| Founders | Anthony Thomson, Mark Mullen |
Verified links: official site ↗ · terms ↗ · @atom_bank ↗
Common questions about Atom Bank
What is Atom Bank?
Atom Bank is a fiat neobank, headquartered in Durham, UK and founded in 2014. Your money is held custodially, so Atom Bank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (UK banking license).
Does Atom Bank have a card, and where can you use it?
It issues no card of its own. It is available in Europe.
Does Atom Bank require KYC?
Yes. Atom Bank requires identity verification (KYC) to open an account, as a licensed bank.
What does Atom Bank cost?
From the verified fields: yield Competitive fixed savers. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Atom Bank before relying on them.
Early investors
Peers
Monzo · Wise · Starling Bank · Zopa Bank · Chase UK · Kroo
Atom Bank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Europe (144) · Neobanks with no card of their own (67) · Neobanks in United Kingdom (29)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.