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 5 out of 5 stars

Excellent service

Excellent service
Regular statements , informative of remaining balance and payment dates .
Good company, would definitely use again

February 15, 2024
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Great to hear.

Rated 5 out of 5 stars

Easy

Easy, safe and an excellent rate

December 20, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Thank you for taking the time to share your thoughts with us Robin.

Rated 5 out of 5 stars

Bought items from scs they use ikano…

Bought items from scs they use ikano bank for finance, never heard of ikano before but I've had no issues with them, intact found them to be very polite and professional after talking to them on the phone, paid my loans off early and confirmation was sent by email next day.

January 2, 2024
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Frank thank you for sharing this feedback, it is great to hear you had a positive experience while using us.

Rated 5 out of 5 stars

Reliable Updates

Excellent text up dates monthly and handled a change of payment bank account without any issues also.

January 1, 2024
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Kat thank you for taking the time to leave us feedback.

Rated 5 out of 5 stars

Great service

Great service, kept well informed of my loan status with regular statements.

December 30, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good afternoon,
Thank you so much for taking the time to leave us such great feedback. It's lovely to hear how pleased you are with the information you receive from us.

Rated 5 out of 5 stars

Loan for sofa

Very easy to apply and quick response

December 30, 2022
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good afternoon,
Thank you for so much for leaving such a lovely review. We really appreciate being given feedback about our service.

Rated 5 out of 5 stars

Fantastic customer service

Great customer care and updated account information 5⭐️ service

December 23, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Thank you so much for sharing this review with us. We pride ourselves on providing excellent customer service, so it is wonderful to read your happy with our customer care. Thanks again for taking the time to leave us a review.

Rated 1 out of 5 stars

I have had nearly a 2 year fight for…

I have had nearly a 2 year fight for them to get my faulty furniture returned to DFS . I asked them to do a section 75 which they didn’t carry out DFS would only take the sofa back neither company correctly carried out the consumer rights act 2015 I then had to go to the financial ombudsman who ruled in my favour . I had to chase ikano every step of the way they didn’t bother to reply to emails and thought offering me £70 would keep me quiet . I’ve now got a full refund

December 18, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good afternoon,
Thanks for taking the time to leave a review and for providing us with some extra information. We're sorry for any inconvenience this has caused you. As you mentioned you've had a complaint with the Financial Ombudsman around what has happened. Therefore, we have passed your details to our complaints and claims team.

Rated 5 out of 5 stars

Excellent balance update

I like the way they keep me updated on how much I owe

December 17, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning,
Thank you so much for taking the time to leave this review. It's great to hear how happy you are with the information you receive.

Rated 5 out of 5 stars

Clear simple instructions

Clear simple instructions, easy to pay off quickly would use again !

December 15, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning,
Thank you for so much for leaving such a lovely review. We really appreciate being given feedback about our service.

Rated 5 out of 5 stars

Important

Because the information l received was very easy to understand

December 14, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good morning,
Thank you so much for taking the time to leave us such great feedback. It's lovely to hear how pleased you are with the information you receive from us.

Rated 1 out of 5 stars

Avoid avoid avoid is all I can say

Avoid avoid avoid is all I can say. We had a boiler fitted by Prime Solutions in Epping. We went for the buy now pay later i.e. in one years time. We intended to pay for it in total but unfortunately our washing machine freezer and roof all went at once so was unable to do this. We had no idea about Ikano Bank and only found out when the payments started. They take 75% of your monthly payments in interest!!! Meaning our £3000 loan would be £10,000!!!! after 10 years. We were never ever informed about this. As a result I have now taken a much lower coast loan with MBNA which will cost us £354 over 3 years.

Avoid this god awful company, they are a complete and utter rip off!! They are the reason that people with little or no money end up even more in debt! total Sharks!

January 12, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good afternoon,
Thanks for your review and for bringing this to our attention, we’re sorry to hear about the experience you’ve had. We appreciate you don't wish to provide any further information to us. However, 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

Very clear information and great to…

Very clear information and great to have monthly email updating you with your balance and info on how to pay off.

December 9, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good afternoon,
Thank you so much for taking the time to leave this review. It's great to hear how happy you are with the information you receive about your loan.

Rated 2 out of 5 stars

I am trying to make payment to IKEA…

I am trying to make payment to IKEA through Ikano Bank. But my payment won't just get through. There seems to be something wrong with their website. There is no way I can contact them. I have just realised that I have misplaced/ lost my storecard which they now need for automated phone call. How do I reach them ??

December 4, 2023
Unprompted review
Ikano Bank UK logo

Reply from Ikano Bank UK

Good afternoon,
Thank you for taking the time to leave us a review, we’re sorry to hear about your experience. We appreciate you don't wish to provide any further information to us. However, 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.

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