ClearBank Embedded Banking
The facts below are what the maker publishes about ClearBank Embedded Banking, checked and dated. Our editors have not written about it yet.
Plans and prices
From ClearBank Embedded Banking's own pricing page, checked 8 Oct 2001.
| Plan | Price | What it gives you |
|---|---|---|
| Embedded Banking | Priced on request | Contact sales · commercial terms not listed |
The facts
Each one read from ClearBank Embedded Banking's own pages, with the date it was checked.
What it does
- Accounts
- The offering includes retail and business current accounts, savings accounts, Flexible Cash ISAs, service accounts and operating accounts.checked 8 Oct 2001
- API integration
- The API offering includes a simulation environment, webhook configuration for real-time notifications and a developer portal.checked 8 Oct 2001
- Availability
- The listed Embedded Banking products are available in the UK.checked 8 Oct 2001
- Cash ISA limit
- The Flexible Cash ISA has a £20,000 annual contribution limit and is available to UK retail customers only.checked 8 Oct 2001
- Compliance
- Partners handle customer-facing onboarding and ongoing monitoring within ClearBank’s oversight framework, while ClearBank sets minimum due diligence standards and retains ultimate regulatory accountability.checked 8 Oct 2001
- Compliance responsibilities
- Partners manage customer-facing onboarding and ongoing monitoring within ClearBank’s oversight framework; ClearBank owns the KYC process and retains ultimate regulatory accountability.checked 8 Oct 2001
- Deposit protection
- Eligible deposits are protected by the FSCS up to £120,000 per person, per bank.checked 8 Oct 2001
- Integration
- The API-first integration includes a simulation environment, webhook configuration for real-time notifications and a developer portal.checked 8 Oct 2001
- Integration time
- ClearBank says average API integration takes 30–45 days, with its fastest recorded integration taking 14 days.checked 8 Oct 2001
- Integration timing
- ClearBank says average API integration takes 30–45 days, with its fastest on record at 14 days.checked 8 Oct 2001
- Intended customers
- The product is designed for established regulated firms, including fintechs, wealthtechs, corporates and platforms with a proven track record.checked 8 Oct 2001
- Interest
- ClearBank calculates interest through daily accruals and monthly payments, while the partner chooses the customer rate.checked 8 Oct 2001
- Payments
- Current accounts support UK payment schemes including Faster Payments and CHAPS, and the page also describes Bacs access for current accounts.checked 8 Oct 2001
- Products
- The offering includes current accounts, savings accounts, a Flexible Cash ISA, service accounts and operating accounts.checked 8 Oct 2001
- Savings variants
- ClearBank lists five savings variants: retail, business, joint, under-16 and 16–17 accounts.checked 8 Oct 2001
- Security certifications
- ClearBank says its Information Security Management System is certified to ISO 27001 and its Business Continuity Management System is certified to ISO 22301.checked 8 Oct 2001
- Service account limit
- Service accounts accept funds only from a customer’s pre-nominated external account, which the partner must capture and verify during onboarding.checked 8 Oct 2001
- What it does
- ClearBank provides regulated banking infrastructure so businesses can offer financial products under their own brand without becoming a bank.checked 8 Oct 2001
The company
- Founded
- 2016checked 28 Sep 2001
- Headquarters
- London, United Kingdomchecked 28 Sep 2001
Money
- Price
- The Embedded Banking page directs prospective partners to contact sales and does not state a price.checked 8 Oct 2001
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