ClearBank
The UK's first new clearing bank in 250 years.
Overview
ClearBank is a UK-based clearing bank that offers a new generation of banking and payment services. Built on a cloud-native, API-first platform, ClearBank provides direct access to UK payment schemes (Bacs, CHAPS, Faster Payments) and offers a range of BaaS solutions, including real-time accounts, payments, and virtual accounts. It serves regulated financial institutions, fintechs, and corporations.
✨ Key Features
- Direct Access to UK Payment Schemes
- Real-Time Bank Accounts and IBANs
- Faster Payments, Bacs, and CHAPS Processing
- Virtual Accounts and Ledger Management
- Safeguarding and Client Money Accounts
- API-driven Platform
- Compliance and Regulatory Reporting
🎯 Key Differentiators
- Cloud-native, purpose-built clearing bank
- Direct access to all major UK payment schemes
- Focus on serving regulated financial institutions
Unique Value: ClearBank provides a secure, resilient, and efficient way for financial institutions to access UK clearing and offer embedded banking services.
🎯 Use Cases (4)
✅ Best For
- Coinbase uses ClearBank for its UK payment services.
- Tide, a leading UK business financial platform, partners with ClearBank.
- OakNorth Bank leverages ClearBank's platform for its payment clearing.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Companies without a presence or customer base in the UK
- Businesses looking for a direct-to-consumer banking product
🏆 Alternatives
Unlike traditional clearing banks with legacy technology, ClearBank's cloud-native platform offers greater agility, faster processing, and easier integration through APIs.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Varies by plan tier)
🔒 Compliance & Security
💰 Pricing
Free tier: NA
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