Tandem Bank Limited

 (2.9; 23 ratings)
2.9 23

Business Focus

direct retail banking

Harrods Bank was a banking division of Harrods Department Store. Harrods Bank offered a broad range of banking, savings and lending products to individuals and business clients. On 10 January 2018, Tandem completed its acquisition of Harrods Bank Limited with the latter immediately renamed as Tandem Bank Limited. Tandem Bank is a new, online-only, mobile-focused bank with no branches (although with call centres). Tandem Bank provides retail banking products including current accounts, credit cards, savings, and loans.

Services

retail banking

Clients

natural persons

Area Served

GBUnited Kingdom

Products

current accounts
savings accounts
time deposit accounts
credit cards

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
FasterPayments

See Also

Account Opening

Becoming a client of Tandem Bank Limited can be done in a few steps:

1.
Completely online
2.
Account is ready within a few minutes

Due to regulatory requirements Tandem Bank Limited performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Tandem Bank Limited will ask him/her to provide the following documents: passport; proof of address. For corporate clients Tandem Bank Limited will ask to provide corporate documentation as well as information about controlling persons. Tandem Bank Limited may request additional documentation or information depending on the case. Account opening procedure is usually completed within a few minutes.

Ways to Bank

Tandem Bank Limited delivers its products and services via direct (online) channels only, namely:
mobile app

Financials

Total Assets of Tandem Bank Limited
Annual_profit of Tandem Bank Limited
Market Share of Tandem Bank Limited
Total Assets (2018)
493.68 mln GBP  (+0.33%)
Annual Profit (2018)
-13,724,000.00 GBP  (+29.25%)

Tandem Bank Limited is the 128th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 493,68 mln GBP, providing the bank with the market share of 0.01%. In 2018 the bank's annual profit was -13,72 mln GBP.

Deposit Guarantee

Guarantee Fund
Financial Services Compensation Scheme (FSCS)Financial Services Compensation Scheme (FSCS)
Protected Amount
up to 85,000 GBP
Eligible Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

Tandem Bank Limited participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Tandem Bank Limited is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

Contacts

87-135 Brompton Road, Knightsbridge, SW1X 7XL, London, United Kingdom
44 02072256789
44 02072253712

Tandem Bank Limited is headquartered in London.

Social Networks

Tandem Bank Limited has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
TANMGB2LXXX
LEI
2138006XK2FFFY53L343
Company Number
00955491
MFI ID
GB1345

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
204479

Tandem Bank Limited is authorized and supervised by the Financial Conduct Authority (reference number 204479).

Bank History

Start Date
June 1969
Previous Name
Harrods Bank Ltd

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