Is OakNorth Bank trustworthy? View the Checkuno Score
oaknorth.co.uk
OakNorth Bank is a digital bank offering business loans, business banking and personal savings accounts. Savings options include fixed-term accounts, easy access accounts and ISAs. The bank has been around since 2015.
Checkuno helps you determine if a business can be trusted based on reliability signals, experiences and business information.
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.
Score Breakdown
Visual representation of the Checkuno Score.
Checkuno Insights
Account opening and managing finances through the website and app are recurring discussion points. Navigation and clarity are mentioned regularly.
Online and phone contact are discussed regularly. Communication speed and responsiveness are recurring themes.
Savings rates are a recurring topic. Rate updates and the rates offered to existing customers are mentioned, with experiences that vary against the wider market.
The app and website are recurring discussion points. Navigation and account management feature regularly.
The overall picture is largely positive. Recurring themes centre on ease of use, service and the digital platforms, with some variation around rates.
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Share your experienceAlerts & Warnings
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There are currently no active warnings for this business.
Company Information
- Website
- oaknorth.co.uk
- Category
- Finance
- Registered since
- 2014
- Domain age
- 12 years
- Country
- United Kingdom
About this business
Services
OakNorth Bank provides business loans ranging from £1 million upward. It also offers business banking with digital tools and dedicated support. For savers, it provides fixed-term accounts, easy access accounts and ISAs. The bank serves both entrepreneurs and savers across the UK.
Background
The bank has been around since 2015. It was founded by entrepreneurs Rishi Khosla and Joel Perlman, who had experienced barriers to accessing business finance. OakNorth was built to serve overlooked and underserved businesses. It is headquartered in Manchester.
Approach
The bank pairs technology-enabled services with personal support. Decision making is described as data-driven. It operates across sectors including childcare, healthcare, hospitality and real estate. Customer deposits support UK business growth and job creation.
Protection
OakNorth is a fully licensed digital bank. Eligible deposits are covered by FSCS protection up to £120,000. The bank also offers competitive savings rates alongside specialist business support.