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Tembo - are they any good
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But the account holder at these banks is Tembo, not us. Tembo would get £120,000 if one of those banks went bust surely, because that's the maximum the FSCS is liable for per company with an account there. And if Tembo itself went bust, as Chimerauk points out, they're not covered at all!
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They dont support faster payments. Credits and withdrawals take 2 working days. This can be 4 days of lost interest at weekends. Very annoying for me as I move money every week or so for budgeting.
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