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You can find Focus' details at companies house, https://beta.companieshouse.gov.uk/company/09446231/filing-history https://beta.companieshouse.gov.uk/company/09
by 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...)