4 ms·

Genuine questions: Is it commonplace for a bank to be a British Ltd, and are they part of a separate banking emergency fund to accommodate for that because the

by cm3 10y ago

Genuine questions: Is it commonplace for a bank to be a British Ltd, and are they part of a separate banking emergency fund to accommodate for that because they have a banking license? Also where do I have to look to find a real world address for Focus FS Ltd (company behind Mondo)? Looked around the internet after finding nothing on monzo.com. I know startups do not list contact info these days, but whois info is also opaque. I'm asking this because they advertize themselves as a modern bank, but I cannot find a real world address after 5 minutes of searching.

JazCE 10y ago
https://beta.companieshouse.gov.uk/company/09446231 https://beta.companieshouse.gov.uk/company/09446231 basically all companies should file with companies house...
maxblackwood 10y ago
https://beta.companieshouse.gov.uk/company/09446231 https://beta.companieshouse.gov.uk/company/09446231
grahamel 10y ago
You can find Focus' details at companies house, https://beta.companieshouse.gov.uk/company/09446231/filing-history https://beta.companieshouse.gov.uk/company/09446231/filing-h... Bit more about Mondo/Monzo on wiki https://en.wikipedia.org/wiki/Monzo_(bank) https://en.wikipedia.org/wiki/Monzo_(bank) (they recently change the bank name) Initially they only offered prepaid cards while they waited for their banking licence. They're not covered by the Financial Services Compensation Scheme (FSCS) at this point but will be when they start to offer current accounts. They've recently got their (restricted) banking licence so they'll be part of the FSCS fairly soon. Part of their restrictions is that they can only hold up to £50,000 ($65,000) in customer deposits, the FSCS covers up the 75k in savings so customers money is protected. (http://uk.businessinsider.com/uk-digital-bank-mondo-lays-out-plan-to-get-full-banking-license-2016-8 http://uk.businessinsider.com/uk-digital-bank-mondo-lays-out...)
obeattie 10y ago
As others have mentioned, you can find it on Companies House, or on the the FCA (Financial Conduct Authority) register: https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000002syvKiAAI https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b0000...
pjc50 10y ago
I'm not sure what other structure a UK bank could have, other than Plc?
andrewingram 10y ago
Their office is 50m down the street from mine :)

by cm3 10y ago

JazCE 10y ago

https://beta.companieshouse.gov.uk/company/09446231 https://beta.companieshouse.gov.uk/company/09446231 basically all companies should file with companies house...

maxblackwood 10y ago

https://beta.companieshouse.gov.uk/company/09446231 https://beta.companieshouse.gov.uk/company/09446231

grahamel 10y ago

You can find Focus' details at companies house, https://beta.companieshouse.gov.uk/company/09446231/filing-history https://beta.companieshouse.gov.uk/company/09446231/filing-h... Bit more about Mondo/Monzo on wiki https://en.wikipedia.org/wiki/Monzo_(bank) https://en.wikipedia.org/wiki/Monzo_(bank) (they recently change the bank name) Initially they only offered prepaid cards while they waited for their banking licence. They're not covered by the Financial Services Compensation Scheme (FSCS) at this point but will be when they start to offer current accounts. They've recently got their (restricted) banking licence so they'll be part of the FSCS fairly soon. Part of their restrictions is that they can only hold up to £50,000 ($65,000) in customer deposits, the FSCS covers up the 75k in savings so customers money is protected. (http://uk.businessinsider.com/uk-digital-bank-mondo-lays-out-plan-to-get-full-banking-license-2016-8 http://uk.businessinsider.com/uk-digital-bank-mondo-lays-out...)

obeattie 10y ago

As others have mentioned, you can find it on Companies House, or on the the FCA (Financial Conduct Authority) register: https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000002syvKiAAI https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b0000...

pjc50 10y ago

I'm not sure what other structure a UK bank could have, other than Plc?

andrewingram 10y ago

Their office is 50m down the street from mine :)