Tandem Bank
Pivoted from challenger #2 to a green lender financing home decarbonisation.
Green digital bank; home-efficiency lending.
- 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 Tandem 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 · climate |
| HQ | London, UK |
| Founded | 2013 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | UK banking license |
| Card | No card |
| Yield | Competitive savers |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Europe |
| Countries | United Kingdom |
Verified links: official site ↗ · privacy ↗ · @tandem ↗
Common questions about Tandem Bank
What is Tandem Bank?
Tandem Bank is a fiat neobank built for climate, headquartered in London, UK and founded in 2013. Your money is held custodially, so Tandem 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 Tandem Bank have a card, and where can you use it?
It issues no card of its own. It is available in Europe.
Does Tandem Bank require KYC?
Yes. Tandem Bank requires identity verification (KYC) to open an account, as a licensed bank.
What does Tandem Bank cost?
From the verified fields: yield Competitive savers. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Tandem Bank before relying on them.
Early investors
Peers
Monzo · Wise · Starling Bank · Atom Bank · Zopa Bank · Chase UK
Tandem 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.