Ikano Bank UK Reviews 1,171

TrustScore 2.5 out of 5

2.3

While we don't verify specific claims because reviewers' opinions are their own, we may label reviews as "Verified" when we can confirm a business interaction took place. Read more

To protect platform integrity, every review on our platform—verified or not—is screened by our 24/7 automated software. This technology is designed to identify and remove content that breaches our guidelines, including reviews that are not based on a genuine experience. We recognise we may not catch everything, and you can flag anything you think we may have missed. Read more

Review summary

Created with AI, based on recent reviews

Looking at 42 reviews, most reviewers were unhappy with their experience overall. Many customers expressed significant dissatisfaction with the payment process, finding it confusing and poorly managed. They also encountered numerous issues with customer service, describing it as unhelpful and difficult to reach. Reviewers frequently reported problems with contacting the company and experienced very long response times to their inquiries and complaints. The overall service provided was consistently described as inadequate and frustrating. Some people were dissatisfied with the lack of clear communication regarding payment terms, particularly concerning interest-free installment plans and early payment options. There were also instances where customers reported being charged late fees despite making payments or not receiving statements. A few reviewers also mentioned difficulties with the application process and issues with their accounts being incorrectly managed.

What people talk about most

Payment

Clients share negative opinions on payment, with many reporting issues such as hidden charges, unexpected... See more

Customer service

Consumers find customer service to be negative, with many reporting it as appalling, useless, and shambolic.... See more

Customer communications

Customers consistently express frustration with the contact options. Many reviewers report that emails go to... See more

Response time

People report negative experiences with response times, often expressing frustration over significant delays.... See more

Service

Customers consistently note negative experiences with service. Many reviewers express strong dissatisfaction... See more

Reviews shaping this summary

Rated 2 out of 5 stars

Why can they not be like any other credit card supplier?? The app is completely useless (was told i was using a new device but it's been on my phone for months!) you get emailled a statement so the cu... See more

Rated 3 out of 5 stars

***update 28.07 Ikano got in touch to apologise (at least), but it does not change my frustration and embarrassing moments that faced at store with my shops. But as it was resolved, I will amend th... See more

Company replied

Rated 3 out of 5 stars

Needed credit at the time in IKEA. Which was easy to apply for. But to pay off early you have to still pay of monthly. Which I thought is ileagal in the UK. If you try pay it off they just send the p... See more

Rated 1 out of 5 stars

If I could put a zero I would The aftersales has been horrendous. I ended up selling the sofas for 1/6 of the price I paid for them after 12 months as I couldn't get any response after complaining abo... See more

Company replied


Company details

  1. Bank
  2. Car Finance and Loan Company
  3. Savings Bank

Written by the company

Welcome to Ikano. We're a bank that puts our customers at the heart of everything we do, so treating you fairly comes naturally.


Contact info

2.3

Poor

TrustScore 2.5 out of 5

1K reviews

5-star
4-star
3-star
2-star
1-star

Replied to 85% of negative reviews

Typically replies within 48 hours

How this company uses Trustpilot

See how their reviews and ratings are sourced, scored, and moderated.

Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 1 out of 5 stars

just terrible communcation and customer…

just terrible communcation and customer service. I have been trying to contact them for a month because I keep getting a system error message on my personal page but people on the other end are either really poorly trained or lack any experience talking to customers. Absolute shambles! Never seen such poor service in the UK yet.

May 10, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning, Thanks for your review and for bringing this to our attention as we take these reviews seriously. I appreciate you don't wish to provide any further information at this time to us. We would like to understand more about the difficulties you've had. Please go to ikano.co.uk/complaints to fill out a complaint form and we can look into this for you.

Rated 1 out of 5 stars

I have requested on a number of…

I have requested on a number of occasions a settlement figure to pay off my loan. Filled in the online form but still nothing. I have tried to call you but you never answer. Closed for lunch and closed from 4.30pm. How do i pay off this loan if i cant get hold of you. I will be cancelling my direct debit then i'm sure that will prompt you to respond.

May 16, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning, Thanks for your review and for bringing this to our attention as we take these reviews seriously. I appreciate you don't wish to provide any further information at this time to us. We would like to understand more about the difficulties you've had. Please go to ikano.co.uk/complaints to fill out a complaint form and we can look into this for you.

Rated 2 out of 5 stars

better communication needed

I have not got any confirmation letter and need the number to find out the remaining balance on my account.
I have managed to find a sort code and account number for Ikano but it just goes to payments and again request a number I do not have.
I have emailed customer service and not had a reply.
If by chance Ikano see this please get in touch as I would like to know you have received my payments and how long I have left to pay off my loan.
Maria Wiltshire.

March 12, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Thanks for your review and for bringing this to our attention as we take these reviews seriously. I appreciate you don't wish to provide any further information at this time. We would like to understand more about the difficulties you've had. Please go to ikano.co.uk/complaints to fill out a complaint form and we can look into this for you.

Rated 1 out of 5 stars

Brought from ScS Sofas paid with IKANO BANK …

ScS Sofas dammaged goods paid with IKANO BANK
Bought Sofas from ScS in West Midlands area delivered damaged faulty Sofas Tried everything possible to resolve with ScS no luck and been trying for over six months, so contacted IKANO BANK sent in photos proof IKANO BANK is just as bad no help what so ever just keep asking for photos say they will update don't get back to you, what a useless bank they are I am in the process of taking to court as. If a customer buys something it should be as described and be fit for purpose and not be damaged when buying new. The whole company ScS and Ikano bank are a total waste of time I will see what the courts have to say about these unprofessional bad companies. I WOULD AVOID ScS and IKANO BANK AT ALL COSTS.

May 1, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning John, thanks so much for contacting us and taking the time to leave us a review. I've looked into your account using the details provided and I can see you previously had a complaint with us. If you need to raise anything further please go to ikano.co.uk to fill in a complaints form.

Rated 5 out of 5 stars

Good service.

Always get heads up when payment due, if I've rang up over the years always prompt to answer. Good service all round.

May 6, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning, thank you so much for taking the time to leave such lovely feedback for us, it's great to hear how pleased you are with the service we have provided.

Rated 1 out of 5 stars

avoid like the plague

don't get reciepts for payments money goes missing i have paid £200 of my loan but have had no receipt and still owe the same amount of money wouldnt go near this company if they are involved in your loan

May 4, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning, Thanks for your review and for bringing this to our attention as we take these reviews seriously. I appreciate you don't wish to provide any further information at this time to us. We would like to understand more about the difficulties you've had. Please go to ikano.co.uk/complaints to fill out a complaint form and we can look into this for you.

Rated 2 out of 5 stars

Absolute joke of a company

Absolute joke of a company. Pay them every month religiously with no issues, I then pay off the remainder of the balance for my furniture and they claim I missed a payment, impacting my credit score at the worst time possible. No one answers a phone or an email either

April 29, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning. Thanks so much for providing us with some extra information so we're able to locate your account. I've passed your details over to our Complaints Team and I'm aware someone has been in touch with you. Thanks for taking the time to leave a review and I'm sorry for any inconvenience this has caused you.

Rated 5 out of 5 stars

Used this company before, A1

Used this company before, helpful and I trust them, always informed of balance would recommend

April 30, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Thank you so much for taking the time to leave such lovely feedback for us, we pride ourselves on providing excellent customer service and it's wonderful to read you have used us before and would recommend us. We look forward to you using us again in the future.

Rated 1 out of 5 stars

Very poor customer experience

Poor online payment system which claims payment is unsuccessful then end up paying the bill twice. Then takes months to refund. Kept waiting at least 30 - 40 mins on the phone to get through to "Customer Service" and then they talk to you as if your an eight year old. Take responsibility for your company and its actions. Very poor customer experience indeed. To clarify this happens every time payment is made.

April 25, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Thanks for your review and for bringing this to our attention as we take these reviews seriously. I appreciate you don't wish to provide any further information at this time. We would like to understand more about the difficulties you've had. Please go to ikano.co.uk/complaints to fill out a complaint form and we can look into this for you.

Rated 5 out of 5 stars

Simple and straightforward

Simple and straightforward, as a simple loan like this should be. No confusion.

April 24, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good afternoon, thank you so much for taking the time to leave such lovely feedback for us, it's great to hear how pleased you were with the service we provided.

Rated 5 out of 5 stars

No hidden agenda with my payments on my loan

Consistent with my email statements, with information on outstanding monies owed with the opportunity to pay in full without charges.

April 17, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning, thanks for taking the time to share this feedback with us. It's great to read such lovely 5* feedback for us.

Rated 5 out of 5 stars

There customer service has been 100 per…

There customer service has been 100 per cent ..so efficient and Helpful.
No problems recommending Ikano to friends and family.
Thankyou all for brilliant service

April 13, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning, thank you so much for taking the time to leave such lovely feedback for us, it's great to hear how pleased you were with the service we provided.

Rated 5 out of 5 stars

Understanding

the operator was very professional. Very helpful and understanding. Thank you.

April 11, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Thanks John, for taking the time to leave us a review, it is great to hear what you think of our team here at Ikano.

Rated 1 out of 5 stars

Dictatorial and Intransigent

Dictatorial and intransigent. Unwilling to enter into a dialogue over a recent dispute over fictitious elements of a credit agreement that I am currently responsible for.
The Financial Ombudsman Service upheld the complaint I made to them about the matter, yet I am still waiting for Ikano Bank to comply with the requirements made of them, as a result.

April 5, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning, thanks so much for contacting us and taking the time to leave us a review as we take these reviews seriously. I've looked into your account using the details provided and can see that your complaint is with our internal Complaints Team, and they will be in touch with you shortly.

Rated 1 out of 5 stars

absolute shambles of a website

absolute shambles of a website, cant phone it cuts off , try to put in a complaint and there is no send button if you dont have a photo file to send , have tried and triedso many times to recover account or set one up online and its impossible it keeps sending an invalid security number !!!!
all i want to be able to do is see how much my balance is .
never thought i would prefer a paper statement much less stressful so angry

April 4, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning. I've passed your details over to our Complaints Team and someone will be in touch with you shortly. Thanks for taking the time to leave a review and I'm sorry for any inconvenience this has caused you.

The Trustpilot Experience

Anyone can write a Trustpilot review. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.

Learn more about other kinds of reviews.

We use dedicated people and clever technology to safeguard our platform. Find out how we combat fake reviews.

Learn about Trustpilot’s review process.

Here are 8 tips for writing great reviews.

Verification can help ensure real people are writing the reviews you read on Trustpilot.

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

Take a closer look