Recognise Bank risk score

Recognise Bank, established in 2017, emerged from a vision by seasoned business owners who identified a gap in traditional business banking services for modern SMEs. Frustrated by the prevalent lack of understanding, certainty, and flexibility in the sector, the founders set out to create a bank that better catered to the dynamic needs of businesses and individuals alike. By 2021, Recognise Bank had secured its banking license and began rapidly expanding its community of both business and personal banking customers.

Central to Recognise Bank's philosophy is a deep commitment to recognizing and addressing the unique needs of each customer, a principle that has earned the bank an excellent reputation, as evidenced by its high ratings on Trustpilot. The bank offers a variety of award-winning, secure savings accounts protected by the Financial Services Compensation Scheme (FSCS), ensuring competitive interest rates for both individual and business clients. These accounts are insured up to £85,000 per individual and business, and up to £170,000 for joint accounts.

In addition to savings, Recognise Bank provides a range of specialist lending products designed to offer maximum flexibility to meet the diverse requirements of its clients. This approach has not only fostered strong relationships with customers but also with brokers and partners, enhancing the bank's community-focused brand.

Regulated by both the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA), Recognise Bank adheres to stringent regulatory standards, ensuring reliable and trustworthy service delivery. The bank's commitment to excellence is further highlighted by its accolades, including a commendation for the Best Business Variable Rate Deposit Account Provider at the 2024 Business Moneyfacts Awards and winning the Best Monthly Interest Savings Provider at the 2024 Moneynet Personal Finance Awards.