Personal Account with the British Digital Bank

Set up a personal account with a British digital bank, and you’ll get instant access to your finances and be able to manage your funds in different currencies at the same time, including crypto-assets, wherever you are. We would be glad to provide our expert advice and assistance so that you can start using this advanced service as soon as possible.

Your account with the digital bank in the UK

We recommend the digital bank which is physically located in London but provides cutting-edge services all over the world. 

It has the right to render banking services according to the Pan-European banking license granted several years ago by the European Central Bank through the Bank of Lithuania (Lithuanian Central Bank and financial regulator) to one of the highest valued fintechs in the world.

Its clients’ assets are protected by Barclays / Lloyd’s banks.

According to the license, this international London based fintech company offers traditional services of opening and maintenance of current accounts, consumer and business loans, overdrafts. In 2019, it has successfully upscaled the banking business thanks to the top-notch customer-friendly digital technologies and its neat customer-centric philosophy.  As a result, the range of its products is quite traditional for a banking institution but superior in many ways. 

Compared to traditional retail banks, the digital services of this recommended neobank are much faster, easier, better integrated, many times more affordable, and available to more clients. Besides, this UK-based digital bank claims to be 7 times better than conventional banks at stopping card fraud. 

No wonder it has won the appreciation of the fast-growing customer base in about 30 countries in different parts of the world.

The latest reports feature over 12 million accounts opened with this British digital bank, about 12 thousand daily user signups, and 380 percent of daily active customer base growth in 2019, plans to roll out new products (‘SUPER APP’) and features in 2020, grow the client base to 100 million in the foreseeable future (mostly by addressing startups, SMEs, freelancers, unbanked and new-to-credit customers), and sound ambitions to extend its market to $394 bln by the year 2026. 

If our information given below is insufficient, you are welcome to contact our experts at info@offshore-pro.info to learn more and/or request our expert services.

We have to emphasize that most retail banks have been negatively affected since the global COVID-19 outbreak due to the general economic downturn. They are pondering about enhancing their digitalization, but are much restrained by the stiff procedures, incumbent regulations, and old-school attitudes to innovations.

In the meanwhile, it is quite obvious that the UK-located state-of-the-art bank which we recommend is more agile, resilient and reliable. It is a digital native, with many other strengths to get ahead in the post-COVID-19 world:  

• the right foresight, 
• the strong customer base, 
• extensive accumulated resources, 
• thoughtful temporary management measures,
• excellent staff, 
• frictionless customer experience, 
• and the irresistible magnetism for the new generation of users. 

Advantages for international holders of personal accounts with the UK-based digital bank 

Traditional retail banks always charge fees for spending funds from an account or transferring it abroad. This frustrating encumbrance is going to be very nicely resolved in your favor at the bank which we recommend. When you are a client of the British digital bank, you will forget about hidden fees or charges for currency exchanges. 

Join the 12 million customers who have already appreciated the benefits of this service available on the fee-free tariffs. 

The UK’s fastest financial cyber application was just recently upgraded and introduced by the digital bank in London. It enables the personal account holders to send and receive 28 currencies worldwide in seconds.

The British digital bank has set minimum requirements for its clients. It provides accounts for foreign individuals in a matter of minutes, provided that they have submitted comprehensive and compliant package of documents with their application.

Let us mention here some of the most obvious benefits of personal accounts for international customers of the digital bank registered and located in Great Britain:

• Fast, easy and fee-free opening of the accounts
• Free monthly maintenance if you choose the account on the standard tariff

• Seamless availability and management of all your open banking-linked accounts as well as other budgeting and analytics tools via the application with your whole financial life, literally, at your fingertips
• To apply for an account remotely, you do not need to visit a bank branch – just use your cellphone or another device
• Stay on-budget with easy analytics in the mobile app: you can set up a budget for each month in seconds and keep track of your expenses in real-time, ensuring you stick to your spending targets at the restaurants, in the shops, or elsewhere
• The fastest in Europe speed of funds transfers 
• The most essential information about your digital bank available on the website in all European languages
• Free Euro IBAN account
• 24/7 support in English
• Internet banking in English
• Seamless connection via mobile applications, contactless payment option 
• Diverse functionality of prepaid bank cards 
• A unique built-in budgeting service: round up your spare change and stash the difference, or make a one-off or recurring transfer, to be able to save for the things you want, you can manage your entire financial life in one app 
• Instant notifications of expenses when paying with the card
• No financial boundaries – it is allowed to make international payments in more than 150 currencies at the interbank exchange rate with a small commission of 0.5% for an amount exceeding GBP 5,000 per month
• Free withdrawal of cash abroad through ATMs in the amount not exceeding 200 pounds sterling, and for large amounts – at the 2% commission
• Insurance at 1 pound per day. Order it just by tapping a button 
• Instant transfers or money requests from your friends by just tapping a button, you can attach a message to the request
• Set up recurring payments to be executed automatically.

Who can open a personal account in the UK with the digital bank 

To obtain a non-resident personal account with the British digital bank, you have to find out well in advance if you are eligible to apply. As the digital banking services are provided by the fintech institution, it is subject to territorial restrictions due to the specifics of the banking license. Besides, now that the Fifth Money Laundering Directive (5AMLD) came into force on January 10 this year, the client is obliged to disclose to the digital bank the details of the beneficiary. This rule was introduced to verify the beneficiary’s non-participation in activities related to terrorism and money laundering.

Restrictions by country

The UK-located digital bank services are available to individuals who are residents of the European Economic Area (EEA) and Australia, Canada, Singapore, Switzerland, and the United States of America. 

Cooperation with non-residents 

The British digital bank provides non-residents with the most convenient and beneficial conditions for cooperation. Thus, when opening a personal account, there are no requirements to make a minimum deposit and ensure a minimum balance in the future. 

You are welcome to learn more about the terms and conditions of cooperation with this digital bank by contacting our experts at info@offshore-pro.info.

Currencies and foreign currency transfers

A non-resident can open an account with the digital bank in pounds sterling (GBP) and euros (EUR) or take advantage of the offer and manage more multifunctional tools. Thus, there is an option to get a multi-currency account, through which operations can be performed in 30 world currencies with the interbank exchange rate.

Send up to EUR 6,000 for free and instantly between Europe, the US, Singapore, Japan, Australia, and beyond at the interbank exchange rate whenever you exchange major currencies. Go unlimited and get one SWIFT transfer a month for free by upgrading to Premium or Metal.

Transfer in 30 fiat currencies, commodities or cryptocurrencies, and have instant access to 5 cryptocurrencies.

Types of digital personal accounts with the British digital bank 

Local current accounts in EUR (with IBAN and BIC details) can be opened for no free to hold, exchange, transfer funds.

You can choose the tariffs which will better meet your wishes:

• Standard
• Premium
• Metal.

Moreover, there are trading and investment types.

Trading accounts can be opened on submission of the annual income statement, details of your occupation, and the total value of your private capital.

Investment accounts can be opened for customers on the Metal tariff 

Recommended: you are welcome to ask the advice of our experts about which type of current account would be more suitable for you, in which currencies it is best to open it.

Should you need for your business a corporate account with the same bank in the UK, please read the relevant summary on our portal, and/or request further details or our expert services by contacting us at info@offshore-pro.info.

Types of prepaid bank cards provided with your personal account with the UK-based digital bank

The British digital bank customers can order prepaid Mastercard or Visa cards of two kinds: physical and virtual (digital) instant cards (used to secure online transactions or when you’ve canceled your card and are waiting for a new one to arrive).  

The cards are multi-currency; you can issue as many cards as you would like for one current account or connect one card to several ones.

The issue of prepaid cards is free of charge, there are absolutely no hidden service fees. With your bank cards (physical and virtual), you can perform any operation in 150 currencies of the world.

It is possible to issue virtual cards to make single payments. Such a card will automatically shut down after you use it.

When using your cards you can monitor and manage your expenses via the app, establish limits for transactions, nominate particular locations for transactions, and add other restrictions, as well as remotely freeze the card in some risky situations.

Moreover, there is a unique offer – the Metal contactless card of the British digital bank. The card has a special design and physical properties, and provides a greater number of perks such as concierge service, up to 1% cashback in any currency, including cryptocurrencies, and other convenient options.

Remote use of your personal account in the UK

The UK digital bank has no local brick-and-mortar offices; therefore, the internet banking platform is designed for your remote financial management. You are welcome to enjoy the British digital bank’s secure and very convenient solutions via a free app.

Your personal financial management has never been so easy:

• Check out the report of all payments with the dates and status of transfers made. 
• Send and receive payments in up to 30 currencies with local and international bank account details. 
• Exchange and transfer currencies without deductions, exchange rates, and hidden fees. Save on fees and time in conducting cross-border transfers as local transfers with the account requisites in GBP, EUR, PLN, NOK.

How you can make the most of your account with the British digital bank

•    You can customize an automatic payment system in your app. If you schedule them, you can never miss the forgotten or overdue payments.

•    You can set up recurring payments, such as utility and other regular bills, in your mobile app.

•    You can turn on the function of a direct transfer in euros to simplify your payment of regular bills.

You can also set up the function of hassle-free bill settlement and bill splitting in the bank’s mobile application. The apps are available for download via Google Play or the App Store. Get the app on your Android or iPhone mobile device and sign up, choose the payment method that works best for your needs, initiate the transfer in seconds.

A special software application allows you to connect and integrate with popular programs such as XERO, Slack, Zapier, and others.

Tariffs for opening a personal account with the British digital bank

You can open your free account and enjoy its free maintenance. 

Tariff plans:

STANDARD – free service including:

• Free account in the UK
• Free Euro IBAN account
• Transfer of more than 150 currencies at the interbank rate
• Exchange in 30 national currencies up to EUR 6 000 per month without any hidden fees
• Withdrawal of cash up to EUR 200 per month without any hidden fees.

PREMIUM – at a monthly rate of GBP 7.99:

• Free account in the UK
• Free Euro IBAN account
• Payments in over 150 currencies at the interbank rate
• Exchange in 30 world currencies – without limit
• No fee for cash withdrawals up to EUR 400 per month
• International medical insurance
• Luggage delay and flight delay refunds
• Global Express Delivery
• Priority customer support
• Instant access to 5 cryptocurrencies
• Premium card with exclusive design
• Disposable single-use virtual cards
• LoungeKey Pass 

METAL – at a monthly rate of GBP 13.99:

• Free account in the UK
• Free Euro IBAN account
• Payments in over 150 currencies at the interbank rate
• Exchange in 30 national currencies – no monthly limit
• No fee for cash withdrawals up to EUR 600 per month
• International health insurance
• Baggage delay and flight delay refund
• Global Express Delivery
• Priority customer support
• Instant access to 5 cryptocurrencies
• Exclusive Metal card
• Disposable single-use virtual cards
• LoungeKey Pass 
• 1% cashback within Europe and 1% outside Europe for all card payments
• Concierge service
• Exchange services for cryptocurrency

The function of the crypto exchange is a fast and convenient tool for trading crypto with other clients of the British digital bank. Buy and sell 5 cryptocurrencies without hidden charges, instantly and effortlessly exchange any of 30 currencies directly to Bitcoin, Litcoin, Etherium, Bitcoin Cache, and XRP.

You can track real-time crypt currency sales charts showing the current rates. Set up a price alert and be notified when your chosen crypto reaches a certain price. The crypto function is not subject to FCA regulation.

Vault service offered by the British digital bank

Vaults are a simple and quick way to save for various financial purposes. Whether you want to round up each transaction, set up a regular payment, or just make a one-time deposit, you can program everything in seconds and start saving immediately.

You can set a weekly or monthly recurring payment and automatically send a certain amount to your Vault. Use the service for cryptocurrency too.

When setting up your Vault with an activated backup, you can automatically buy cryptocurrencies at a favorable price. Working with your vault is easy – just give it a name and customize it.

How to obtain a personal account with the British digital bank?

If you are a non-resident applicant, you should first register and submit the necessary portfolio of documents. 

We will be glad to help you set up your account remotely, which means that you do not have to come to London (bank office). 

Please note the following advice:

• You should scan and send the originals of the requested documents. Notarization of documents is not required for companies from European countries.
• Submit a photo of a valid state ID card bearing your photo*, plus provide your selfie (the picture* of your face).
• Please be sure that the documentary proof of the domicile address is dated not later than 3 months before the date of application. 
• The British digital bank may request a copy of a document granting you the legal right to remain in one of the eligible countries. 

*Important: Ask for guidelines regarding the format of such photographs.

A few tips to make sure the identity check goes smoothly:

The client should make a clear photo/scan of the identity document, where every detail can be read through without blurring the image.

Turn off the flash to avoid glare on your documents.

The procedure for opening a personal account with the UK-based digital bank is as follows:

• First, please send us a request for this service at info@offshore-pro.info.
• Prepay for our services. The total fee is from Личный счет в британском цифровом банке. You can pay in the most convenient way – bank transfer, prepaid bank card, Web Money, Pay Pal, Western Union, Money Gram.
• After receiving the fee, we are fully available to work on your application for the account. Please note that the online form must be filled out in English. It is brief, but you are supposed to specify all the requested aspects.
• Once the application is completed and scans of all the requested documents are attached to it, you will be shortlisted. After processing the provided information, bank employees will contact you within 24 hours to verify some facts.
• If there are many applications to be processed, the waiting period can be extended.

Important: Be prepared that the UK digital bank back office may request other documents. We’ll help you handle that.

Timelines for opening a personal account with the UK–based digital bank

• Your digital bank account will be activated in 15 minutes. 
• The next step is to verify the provided documents. It takes several days. But it may also take a little longer if the British digital bank has to process a large number of applications at the time of submission.

Contact us by email at info@offshore-pro.info if you need a personal account in Europe with the UK-based digital bank.