Anyone used Afin bank? (Not to be confused with Affin bank)

Nova1307

Couldn't see any trustpilot or other online reviews. They are offering a two year fixed term account paying 4.41%. Showing as FSCS protected on moneyfacts but wondered if anyone had taken the plunge yet?

Thanks

Ch1ll1Phlakes

Nova1307 said:

Couldn't see any trustpilot or other online reviews. They are offering a two year fixed term account paying 4.41%. Showing as FSCS protected on moneyfacts but wondered if anyone had taken the plunge yet?

Thanks

I haven't used them but they have a UK banking license and do have FSCS protection (you can check for yourself here Bank & savings protection checker | Check your money is protected | FSCS)

Eyeful

https://afinbank.com/
FRN 10004742
Check protection you will get with:
https://www.fscs.org.uk/check/check-your-money-is-protected/

Their website was created  4 July 2022

Murielson

Trying to get to website and no joy whatsoever. Anyone?

wmb194

Murielson said:

Trying to get to website and no joy whatsoever. Anyone?

The link is in Eyeful's post above yours but it looks like you need to install a phone/tablet app to actually open and manage an account.

LHW99

Apparently incorporated in 2020 as All Africa Capital Ltd, and renamed in 2024

https://find-and-update.company-information.service.gov.uk/company/13090556

There have been a number of changes of directors earlier this year

https://find-and-update.company-information.service.gov.uk/company/13090556/filing-history

Looking at the last filed accounts (3rd item from the bottom of the above page), they had made an operating loss in 2022 and 2023.

poseidon1

LHW99 said:

Apparently incorporated in 2020 as All Africa Capital Ltd, and renamed in 2024

https://find-and-update.company-information.service.gov.uk/company/13090556

There have been a number of changes of directors earlier this year

https://find-and-update.company-information.service.gov.uk/company/13090556/filing-history

Looking at the last filed accounts (3rd item from the bottom of the above page), they had made an operating loss in 2022 and 2023.

Some useful background information on the bank's USP and majority financial backer below-

https://share.google/kitA50LM82uXG5dyj