I've recently opened up several savings accounts online recently for both my wife and myself. Without any doubt the account with Recognise Bank was the easiest and most convenient to open. The websi... See more
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Review summary
Created with AI, based on recent reviews
What people talk about most
Reviews shaping this summary
Was so easy and quick to apply and open account. Safe and secure with checking account to make sure money reaches correct account. No fuss or having to send detailed documentation. Account opened... See more
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I opened a 1 year savings bond with a top rate and it took less than two minutes to complete the online application form. I paid money into the account and was immediately notified by email that the... See more
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Our Fixed Rate Saver had an excellent rate of interest. Just as important, on maturity we opted to split teh money 3 ways - one back to our designated account, the other two to two new Recognise accou... See more
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Company details
Written by the company
Recognise Bank was founded in 2017 by experienced business owners who recognised the disconnect between traditional business banking and the needs of modern SMEs. We were frustrated with the lack of understanding, certainty and flexibility offered within the industry. In short, we believed that we could build a better bank. And so, we did. We received our banking licence in 2021 and quickly grew our community of loyal business and personal customers, with the help of our dedicated, diverse, and expert team. Recognising our customers is at the heart of what we do. Today, our hard work and customer centricity is demonstrated by our excellent rating on Trustpilot. We offer a range award-winning, secure FSCS protected savings accounts with competitive interest rates for individuals and businesses alike. Recognise Bank is authorised by the Prudential Regulatory Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA). Our eligible saving products are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 for individuals and businesses and £170,000 for joint accounts. We also offer a range of specialist lending products, and we aim to be as flexible as possible with all of our offerings and services, no matter what your business needs. It’s why our customers, brokers and partners love working with us.
Contact info
6a Austin Friars, EC2N 2HA, London, United Kingdom
- 0345 872 7888
- support@recognisesavings.co.uk
- recognisebank.co.uk
4.7
Excellent
864 reviews
Asks customers to review
This company invites their customers to review, whether positive or negative
Replied to 100% of negative reviews
Typically replies within 1 week
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Ease of setting up new account
Ease of setting up new account with great communication and best interest rate on market offering monthly interest payments - am very pleased with product and look forward to continued high quality service
June 23, 2026
Reply from Recognise Bank
Hi Anthony, thank you for taking the time to provide your feedback. We're delighted to hear that you found opening your account straightforward, appreciated our communication throughout the process, and are pleased with your savings account and monthly interest payments.
We look forward to continuing to provide you with a high standard of service.
Reply from Recognise Bank
Hi John, thank you for taking the time to provide your feedback. We're pleased to hear that you found opening your account easy and that you were happy with the interest rate offered. We appreciate you sharing your experience.
Security levels are very good.
Security levels are very good without hindering the overall experience of using the app and setting up an account.
Look forward to using the bank in the future.
June 26, 2026
Reply from Recognise Bank
Hi Paul, thank you for your review. We're pleased to hear that you found our account secure and you had a good experience. We really appreciate your feedback.
Reply from Recognise Bank
Hi, thank you for taking the time to provide your feedback. We appreciate your comment and are always keen to understand what matters most to our customers. Feedback like yours helps us continue to improve our services.
Very easy to open account
Very easy to open account, notifications of deposits arrived very quickly
June 12, 2026
Reply from Recognise Bank
Hi Pete, thank you for your review. We're glad to hear that you found our account easy to open and our notifications were very prompt. We really appreciate your feedback.
so far so good but early days
gave four stars as it was pretty straight forward to set up.
not been with them for a month yet so cannot comment on the bank and savings account to early yet
June 26, 2026
Reply from Recognise Bank
Hi Paul, thank you for your review. We're pleased to hear that you found our account opening process straightforward. We really appreciate your feedback.
Easy to open and a great rate of 4.85%…
Easy to open and a great rate of 4.85% for 1 year. Really pleased and wouldn't hesitate to save with them again.
June 26, 2026
Reply from Recognise Bank
Hi Mike, thank you for your review. We're pleased to hear that you found our account easy to open.
Reply from Recognise Bank
Hi Paul, thank you for your review. We're pleased to hear that you found our website easy to use.
Reply from Recognise Bank
Hi, thank you for your review. We're pleased to hear that you experienced very good communication throughout the account opening process.
Reply from Recognise Bank
Hi, thank you for your review. We're pleased to hear that you found our service excellent.
Quick and easy sign up.
Quick, simple and easy to sign up. Notified every time a deposit is made (within minutes).
June 4, 2026
Reply from Recognise Bank
Hi John, thank you for your review. We're glad to hear that you found our account easy to open.
Easy to open and operate
June 26, 2026
Reply from Recognise Bank
Hi, thank you for your review. We're pleased to hear that you found our account easy to open and operate.
Reply from Recognise Bank
Hi, thank you for review. We're pleased to hear that you found our account easy to set up.
Activating the account was a…nightmare.
Activating the account was a nightmare.The system would not accept anything that was fed into it!However the member of staff managed to sort it out for us,otherwise I would have asked for a full refund.Spending half a day on the task was ridiculous.
June 12, 2026
Reply from Recognise Bank
Hi Mr Collins, thank you for your review. We are sorry to hear that you experienced such difficulties when attempting to activate your account and are happy to hear we were able to resolve the problem. We really appreciate your feedback as it helps us make our products and service better. If there’s anything further we can do to assist, please don’t hesitate to contact a member of our team, who will be happy to help.
quick easy to understand
June 24, 2026
Reply from Recognise Bank
Hi David, thank you for your review. We're pleased to hear that our processes were quick and easy to understand.
Excellent customer service from Layla
June 9, 2026
Reply from Recognise Bank
Hi, thank you for your review. We're glad to hear that you found our customer service excellent.
Reply from Recognise Bank
Hi Sarah, thank you for your review. We're pleased to hear that you found our account easy to open.
Good interest rate.
June 3, 2026
Reply from Recognise Bank
Hi, thank you for your review. We're pleased to hear that you found our interest rate good.
Savings Account
I found it difficult to understand in the App that I had to open a current account (which I didn't want) and chose a Debit Card (I didn't want one) before I could open a savings account.
To fund the savings account you pay into the current account and then move the money into the savings account. You can't pay directly into the savings account.
June 4, 2026
Reply from Recognise Bank
Hi, thank you for your review. To use a Recognise Savings account, customers need to link and authenticate a nominated UK bank account so the account can be fully operated. If you’re still experiencing any issues, please contact us on 0345 872 7888. Our phone lines are open Monday to Friday, 9:00am–5:00pm, and our team will be happy to help.
The process of opening account was …
The process of opening account was very easy and very quick. The interest rate was one of the tops in the market. Account protected by FSCS.
June 4, 2026
Reply from Recognise Bank
Hi, thank you for your review. We're pleased to hear that you found our account opening process easy and quick.
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