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Personal accounts · Planned

Personal accounts are on the way — after business

We’re starting with business accounts. Personal accounts are planned to follow, built on the same idea: published criteria, and a person who reads the application.

Not available yet, and no date set. There’s nothing to sign up for.

The order we’re doing it in
  1. Business accounts firstThey’re what we’re launching with, and what our application is for.
  2. Then personal accountsOnce business accounts are established and the protections personal customers are owed are in place.
  3. Criteria published firstSame approach as business: what we accept and decline, in plain English, before anyone applies.
What’s planned

Four of the five things a business account does

Team access and two-person approvals are for companies. Everything else is planned to carry over.

  • Pounds, euros and dollarsOne account, three balances, for people who earn or spend in more than one currency.
  • Payments at home and abroadSend and receive, with every payment’s status in plain words.
  • The margin on the screenThe same quote as business accounts: mid-market rate, our margin and the fee as separate lines.
  • A virtual cardFor spending online, with a limit you set and a freeze you control.

Planned, not promised. What personal accounts include, cost and require will be published before they open. Ahvanah has applied to the FCA to become a small electronic money institution; that application hasn’t been decided.