Suits Me
No-credit-check accounts for excluded workers.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — E-money accounts issued by PrePay Technologies (FCA EMI, FRN 900010); Suits Me acts as agent/programme manager.
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Suits Me’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 · underbanked |
| HQ | Cheshire, UK |
| Founded | 2015 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | E-money accounts issued by PrePay Technologies (FCA EMI, FRN 900010); Suits Me acts as agent/programme manager |
| Card | MC · Debit |
| Cashback | Retail cashback |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Europe |
Verified links: official site ↗
Common questions about Suits Me
What is Suits Me?
Suits Me is a fiat neobank built for underbanked, headquartered in Cheshire, UK and founded in 2015. Your money is held custodially, so Suits Me or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (E-money accounts issued by PrePay Technologies (FCA EMI, FRN 900010); Suits Me acts as agent/programme manager).
Does Suits Me have a card, and where can you use it?
It issues a Mastercard debit card. It is available in Europe.
Does Suits Me require KYC?
Yes. Suits Me requires identity verification (KYC) to open an account, as a e-money institution.
What does Suits Me cost?
From the verified fields: cashback Retail cashback. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Suits Me before relying on them.
Head-to-head
Suits Me vs Pockit · Suits Me vs Nickel
Peers
Monzo · Wise · Starling Bank · Atom Bank · Zopa Bank · Chase UK
Suits Me appears in
Neobanks authorised as e-money institutions (48) · Neobanks available in Europe (144) · Neobanks built for the underbanked (23) · Neobanks that issue a Mastercard (150) · 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.