Atom Bank, a British challenger bank built exclusively for mobile, has opened doors to all UK customers.

This will allow anyone downloading the Atom App in IoS and Android to open an account. In April 2016, the Durham-based bank launched its banking app that could be accessed by only those customers who had registered an interest in the new bank via its website.

At present, the bank offers two fixed saver accounts, and SME lending via a panel of specialist business intermediaries. Over the coming months, the bank plans to offer residential mortgages, current accounts, debit card, overdrafts and instant access savings through its mobile app.

Atom CEO Mark Mullen said: “We are creating an entirely new way to bank; a system that is based on what the customer needs and wants, rather than being focused on bank balance sheets.

“We’ve been steadily growing our business to date and this is an exciting new phase where we can offer our Fixed Saver rates to anyone who wants them. We’re already working on our current account, so there’s much more to come.”

The challenger bank, created in April 2014, is led by CEO Mark Mullen and chairman Anthony Thomson. In November 2015, Spanish banking group BBVA agreed to acquire a 29.5% stake in the bank for £45m, becoming its largest shareholder.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.