ClearBank® offers banking services to FCA Regulated Businesses, Financial service providers and FinTech.
We will support standalone sort codes, which along with our integrated infrastructure, will drastically improve your speed to market – this is the ClearBank® difference
We offer access to Faster Payments, CHAPS and Bacs.
ClearBank® processes GBP via Faster Payments, Bacs and CHAPS
While onboarding an institution, we create institution user accounts for two designated members of your team. Both members are super users and can create additional users.
ClearBank® can assign individual sort codes to Financial Institutions, depending on their regulatory status. The cost of this service will be made clear to the Financial Institution before sort codes are assigned.
We will, upon request support clients who wish to transfer their sort code from their existing sponsor bank and/or transfer specific schemes held within a sort code. In so doing, we will liaise with all relevant third parties including scheme providers and incumbent banks.
Our pricing model is based on a standard monthly charge along with additional charges for transactional banking products and services, such as the transactions that you make and the accounts that you open for your customers. All such charges are deducted immediately and a monthly transactional summary is made available for you to review online via the Institution Portal.