Member Article

We built a bank! Durham’s Atom Bank opens virtual doors as banking App goes live

Durham-based Atom Bank, the UK’s first bank designed for digital and optimised for mobile, is opening its virtual doors after gaining regulatory approval to mark the start of its journey.

The launch of the firm’s banking App today, initially available for iPhone and iPad users with an Android version to follow shortly, is open to everyone who has pre-registered their interest through the Atom website.

During 2016, the firm says it will be unveiling a further range of products and continuous App enhancements, with a phased roll-out of services throughout the year.

By the end of the year, Atom says its customers will have access to fixed savings, current accounts, overdrafts, debit and credit cards, instant access savings and residential mortgages, all serviced via the App.

Anthony Thomson, Atom’s Founder and Chairman, said: “The team has achieved something that simply hasn’t been done before – We believe we have built a bank in record time and we’re not planning to stop here.

“It is not a simple task, and having an amazing team working hard to deliver the seemingly impossible has been crucial. We are all fully committed to continuing to innovate and deliver a transparent way of banking that turns the old world on its head.”

Atom’s CEO, Mark Mullen said: “This is the start of a remarkable transformation of the banking landscape for everyone. Atom aims to offer a genuine alternative to the insidious and self- interested banks that dominate the UK banking landscape.

“Our approach will be to constantly evolve and extend our offering, with monthly updates to our App and a dedication to providing a better value, greater transparency and a much more innovative banking experience.