Atom bank

Atom bank plc is a UK bank. FSCS applies. The live product is savings, mortgages and some SME lending — not a Monzo current account. Put salary at Starling or Monzo. Put a savings pot here if the rate wins. The purple app is not a licence upgrade for an EMI.

Founded 2014, banking licence 2015, public launch 2016. Durham then Newcastle. Anthony Thomson and Mark Mullen’s challenger. BBVA sat in the cap table. In 2026 the homepage still sells savings and mortgages, not weekend FX. FSCS lifted to £120,000 on 1 December 2025 for the whole scheme — this desk writes the live cap on Atom and on the UK country page.

Atom bank lists UK bank — Atom bank plc under PRA / FCA in United Kingdom. On safeguarding we currently write: FSCS up to £120,000 per depositor per authorised firm (scheme cap from 1 Dec 2025). Holder / issuer line: Atom bank plc. An AML programme is claimed. Local bank details (IBAN / sort code / equivalent) are part of the pitch. We list 1 live markets on the product. As we score the sticker: monthly £0 on core savings SKUs — confirm live; FX Not a travel bank; ATM Not the product; interest App savings and fixed terms — rates move. This desk would open it for: UK savers and mortgage-shoppers who want a PRA bank, not a current-account lifestyle app.

What it does well: Named PRA/FCA bank; FSCS; App savings that actually pay. What to watch: Not Starling for salary and rent; Mortgage/savings specialist; UK residents. Desk score 7.1 / 10 (safety 8.8, fees 7.8, features 6.4, app 8.2). Last verified 2026-08-28. Headquartered in Durham / Newcastle, United Kingdom; founded 2014. None of this is advice — it is a file so you can read the entity before the card colour.