Dynamic Banking - ClearBank® Services®


ClearBank® Dynamic Banking

ClearBank® Dynamic Banking, a range of accounts specifically designed to support the transactional banking services already provided by ClearBank®.

Since launch in 2018, ClearBank® has held hundreds of conversations with regulated firms and the result is ClearBank® Dynamic Banking, an innovative range of financial services and interlinked bank accounts designed to support the specific and complex requirements of our regulated business customers.

Two accounts are now available with ClearBank® Dynamic Banking. These are the ClearBank® Fixed Deposit account and The ClearBank® Segregated Services account which is a specific deposit account designed for firms where ring-fenced client monies are held under CASS 7 rules.

ClearBank® is the only UK bank that does not compete with its customers. ClearBank® has built a unique and highly sophisticated real-time transactional Banking platform, that already services hundreds of millions of pounds of transactions. Operating auto reconciliation and integrated financial crime tools, ClearBank® Dynamic Banking services support all our customers with additional real-time treasury tools.

As further products and account services join the ClearBank® Dynamic Banking range, supporting all our existing and newly regulated financial services businesses ClearBank® intends to accelerate the growth of numerous open banking initiatives in the UK.

Frequently Asked Questions

ClearBank® has two access channels, our Web Portal and API

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.