Dozens

Dozens bank review, information and more

Dozens Bank
Reader Rating46 Votes2.3
2.3

Last updated: August, 2019

About Dozens

Dozens isn’t strictly a bank, but they are authorised by the Financial Conduct Authority (FCA) as an e-money institution (FRN 900894) and also as an investment firm (FRN 814281). Based in London, the Dozens team has launched an app that is available to download from the app stores in the UK.

Dozens was founded by Aritra Chakravarty, formerly global head of digital FX and investment products at HSBC.

Dozens Products and Services

Dozens plans to offer a digital current account plus savings and investment services, helping people to save and grow their money. The app is designed to help customers understand where, why and how they spend so that they can then stay on the savings track with customised budgeting functionality that adapts to daily spending.

The Dozens app will also help facilitate customer savings by allowing them to add their own rules, such as ‘save £5 every Wednesday’ or similar. Customers are also rewarded for hitting their financial targets by being entered into the monthly Savers Awards, where they can win cash prizes.

Dozens also plans to offer investment functionality in-app. The planned bond account will pay 5% interest per annum.

Dozens Security

Current account monies will be held in named accounts at a to-be-announced high street bank. These monies are held in accordance with the Electronic Money Regulations 2011 and the requirements of the Financial Conduct Authority (FCA).

Dozens Contact Details

1 St Katharine’s Way
London
E1W 1UN

Email: [email protected]

Review & Compare Banks in the UK
  1. 5
    Looks good

    Looks great, especially the savings and investment part. Hope they become a good competition to Monzo and Starling before they implement the same things!

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