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Is Atom bank trustworthy?

atombank.co.uk

Atom bank is a digital-only bank offering savings accounts, mortgages and business loans. Products include Cash ISAs, Instant Saver and Fixed Saver accounts, alongside residential and commercial mortgages. Everything is accessed through a mobile app.

Checkuno helps you determine if a business can be trusted based on reliability signals, experiences and business information.

Checkuno Score

How is the Checkuno Score calculated?

The Checkuno Score gives an indication of how much a business can be trusted. The score is determined using various reliability signals, such as business information, domain data, reputation indicators and other relevant factors. The score is meant as an aid in assessing a business and is not a guarantee or definitive judgement.

94 /100
Very positive

Score Breakdown

Visual representation of the Checkuno Score.

Excellent
76%
Good
18%
Average
2%
Poor
2%
Bad
2%

Checkuno Insights

Ease of use

App and online navigation are recurring discussion points. Account setup and day-to-day management feature regularly.

Interest rates

Savings rates are a recurring topic. Comparisons with high street banks and other providers are mentioned regularly.

Transfers and payments

Setting up and moving money is a recurring theme. Routing funds between two Atom accounts through a nominated account is also raised.

Overall experience

The combination of simple products, rates and service is discussed regularly. App behaviour and feature flexibility are also mentioned, with some variation.

General impression Mostly positive

The overall picture is largely positive. Recurring themes centre on ease of use, rates and transfers, with some variation around app behaviour and flexibility.

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Alerts & Warnings

No active alerts

There are currently no active warnings for this business.

Company Information

Website
atombank.co.uk
Category
Finance
Registered since
2013
Domain age
12 years
Country
United Kingdom
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About this business

Services

Atom bank provides digital banking through a mobile app. Savings options include the Cash ISA, Instant Saver and Fixed Saver. The bank also offers residential and commercial mortgages. Business loans are part of the range.

Background

Atom bank has been around since 2014, launched as the UK's first app-based bank. It is based in Newcastle upon Tyne in the North East of England. The team numbers over 470 people, many based in the region. The bank holds a commitment to sustainable practices and community initiatives in the North East.

Approach

The bank focuses on app-based banking built around simplicity, speed and competitive rates. Products are designed to be straightforward to open and manage. It is known for process innovation and automation in mortgages. Customer support is available seven days a week.

Protection

Atom bank is regulated by the FCA and the PRA. FSCS protection applies to eligible deposits. The bank operates entirely through its digital platform.