Atom Bank: Difference between revisions
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On 9 March 2017, the bank experienced over 5,000 new customer signups in one day, a new record.<ref name=":0" /> The surge led to the end of a special [[interest rate]] offer, which created controversy in some financial publications.<ref>{{Cite news|url=https://www.thetimes.co.uk/article/the-app-based-bank-that-has-too-many-customers-lshppz7w9|title=The app-based bank that has too many customers|last=Byers|first=David|date=March 18, 2017|work=The Times|access-date=November 6, 2018}}</ref> |
On 9 March 2017, the bank experienced over 5,000 new customer signups in one day, a new record.<ref name=":0" /> The surge led to the end of a special [[interest rate]] offer, which created controversy in some financial publications.<ref>{{Cite news|url=https://www.thetimes.co.uk/article/the-app-based-bank-that-has-too-many-customers-lshppz7w9|title=The app-based bank that has too many customers|last=Byers|first=David|date=March 18, 2017|work=The Times|access-date=November 6, 2018}}</ref> |
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Joined [[BACS]] in January 2019 allowing them to offer the [[Direct debit|Direct Debit]] payment method<ref>{{Cite web|url=https://www.finextra.com/pressarticle/76859/atom-bank-joins-bacs|title=Atom Bank joins Bacs|date=2019-01-07|website=Finextra Research|language=en|access-date=2019-01-07}}</ref>. |
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==References== |
==References== |
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Revision as of 22:38, 7 January 2019
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| Company type | Public limited company |
|---|---|
| Industry | Personal Finance, Banking |
| Founded | 2014 in Durham, United Kingdom |
| Founder | Anthony Thomson, Mark Mullen |
Number of employees | 250 |
| Website | https://atombank.co.uk |
Atom Bank is a digital financial company and challenger bank. It provides banking services through a smartphone app.[1] It has no physical outposts. As a smartphone app-based bank, it does not have a traditional online banking outlet, as users must use the application to bank.[1][2][3][4][5]
History
Atom first secured its banking license in June 2015.[6] The company publicly launched in April 2016.[2]
In March 2017 it raised £83 million in venture funding, which brought its total funding to over £200 million.[6][7]
On 9 March 2017, the bank experienced over 5,000 new customer signups in one day, a new record.[1] The surge led to the end of a special interest rate offer, which created controversy in some financial publications.[8]
Joined BACS in January 2019 allowing them to offer the Direct Debit payment method[9].
References
- ^ a b c Murray, Amelia (March 23, 2017). "5,000 join Atom Bank in just one day". The Telegraph. Retrieved November 6, 2018.
- ^ a b Christie, Sophie (April 16, 2018). "What is mobile banking and who are the digital challenger banks and are they any good?". The Sun. Retrieved November 6, 2018.
- ^ Connington, James (March 15, 2017). "Atom Bank to cut market-leading savings bond rates at midnight". The Telegraph. Retrieved November 6, 2018.
- ^ "Atom Bank: Meet the bank that is having to turn away customers". The Week. March 28, 2017. Retrieved November 6, 2018.
- ^ "New-generation UK banks challenge with technology". Financial Times. March 9, 2017.
{{cite news}}: Cite has empty unknown parameter:|registration=(help); Unknown parameter|subscription=ignored (|url-access=suggested) (help) - ^ a b Dorbian, Iris (March 6, 2017). "Atom Bank will snag 83 mln pounds". PE Hub. Retrieved November 6, 2018.
- ^ Symcox, Jonathan (March 6, 2017). "Atom Bank raises further £83M capital". BusinessCloud. Retrieved November 6, 2018.
- ^ Byers, David (March 18, 2017). "The app-based bank that has too many customers". The Times. Retrieved November 6, 2018.
- ^ "Atom Bank joins Bacs". Finextra Research. 2019-01-07. Retrieved 2019-01-07.
