PCF Bank

PCF Bank Simple Banking At Your Service
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Last updated: April, 2021

About PCF Bank

PCF Bank was founded in 1993. Based in London, United Kingdom, the company offers a wide portfolio of personal and business banking services. Originally established to offer vehicle and equipment financing, it was authorised as a bank at the end of 2016 and expanded their offering into savings products.

Formerly known as PCF Group Holdings Limited, the company was renamed as PCF Bank in the spring of 2017. PCF Bank operates as a subsidiary of PCF Group PLC.

PCF Bank Products and Services

PCF Bank offers savings products for retail customers, plus finance products for individuals and businesses.

For individuals and businesses, PCF offers a range of vehicle and equipment finance options tailored to suit a range of needs. Finance options range from £2,500 to £2,000,000 across products including finance leasing and hire purchase. Repayment terms can be as long as five years, and customers can choose to make balloon payments if they wish.

Vehicles that can be financed include commercial vehicles, cars, vans and coaches.

If customers are financing a vehicle or piece of equipment on which VAT is charged, they may be eligible for the PCF VAT Deferral Scheme provided they meet the credit criteria. If not, finance leasing may be a better option.

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    PCF also offers customers notice and fixed-term savings accounts; it does not offer instant access savings accounts. Customers who may need access to their savings over the term of the account must give 100 days’ notice; those who choose fixed savings accounts may not make any withdrawals over that period. Both account types earn interest that is paid annually, but fixed-term accounts generally pay higher rates.

    PCF Bank Awards

    In 2018, PCF Bank won Best New Provider at the Savings Champion Awards. The bank was also a finalist in the Best Notice Account Provider category.

    Security at PCF Bank

    Eligible deposits made with PCF Bank are covered up to the value of £85,000 by the Financial Services Compensation Scheme (FSCS). The bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority.

    PCF Group Contact Details

    Pinners Hall
    105-108 Old Broad Street
    EC2N 1ER

    Telephone: 020 7222 2426

    Email: [email protected]

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