What we offer

Safeguarding Accounts

Built for E-money Institutions (EMIs) and Payment Institutions (PIs), our safeguarding accounts help you meet regulatory requirements to keep customer funds separate from operational funds under the Payment Services Regulations 2017 and/or the Electronic Money Regulations 2011.

Safeguarding ring-fences customer money so it stays protected from business funds. We support you as a reliable banking partner and can provide an FCA-compliant acknowledgement letter to evidence compliance with confidence.

This protects customers by helping ensure their funds remain secure if your business becomes insolvent.

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Payments

Real-time access to payment infrastructure and interbank networks though API or Online Banking

Send and receive up to £1m per transaction in near real-time 24/7/365, supporting immediate, standing-order and future-data payments.

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See API documentation

Process Direct Debit and Direct Credit payments up to £20m via Bacs, with funds settling on a 3-working-day cycle (Monday to Friday).

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See API documentation

Send and receive unlimited value transactions in near real-time with same-working day settlement.

See API documentation

Payments, Clearing and Settlement

Confirmation of Payee

With Confirmation of Payee, we verify account names before payments, reducing errors and ensuring funds reach and come from the correct account.

Safe and Secure

At the Bank of London, your deposits are kept 100% at the Bank of England. That means your funds remain fully protected at all times.

Peace of mind with FSCS protection

The Financial Services Compensation Scheme (FSCS) is the United Kingdom’s independent deposit guarantee scheme, and it protects eligible deposits with authorised banks, like ours.

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