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Cashplus timeline?
thumpthump
Posts: 46 Forumite
Hi,
Media suggested that cashplus had applied for a license to become a proper bank last year.
Just wondering if anyone knows when this is likely to be?
Media suggested that cashplus had applied for a license to become a proper bank last year.
Just wondering if anyone knows when this is likely to be?
0
Comments
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Well it looks like it was 2017
https://www.independent.co.uk/news/business/indyventure/cashplus-becomes-latest-challenger-bank-to-apply-for-banking-licence-a8033141.html
>>2 Nov 2017 - Cashplus has become the latest challenger bank to apply for a full banking licence, joining the likes of Monzo, Atom and Starling. Unusually for a digital challenger bank, Cashplus has been around for 12 years and says it already safeguards around £200m in customer deposits.<<
Given the other mentioned are now fully fledged banks. Then Cashplus must really be struggling to meet the criteria of a proper bank.Life in the slow lane1
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