Challenger banks in talks about £1.6bn merger - Sky News


#1

Well, I was pretty excited to read this headline!

Bit of an anti climax once I realised I didn’t know much about the two banks in question.

Anyone dealt with either of them before?


#2

Did you think it was Monzo? I’d hope Monzo would merge for a much higher sum!


#3

No, I didn’t think it would be Monzo or Starling (although I didn’t really give it much thought before clicking on the link).

But I had thought I’d know who it was (which would have made it slightly more interesting to me).

I’ve never heard of either of these banks!


(Michael) #4

Same here!


#5

I’ve heard of them, but I’ve always thought of them as pretty niche (or maybe just specialised in areas that I don’t have any particular needs in).

Having said that, wasn’t Charter Court one of the names being thrown around for the interest bearing pot?


#6

Possibly, I don’t remember them if they were.

Either way - Doesn’t look like any of them have an app.

Thought that was a pre requisite for a challenger bank :joy:


#7

Yeah, those two big name challenger banks were on the tip of my tongue. Just funny I couldn’t actually get either of them to spring to mind…probably, because I’d never actually heard of either of them. :joy:


#8

Challenger <> neobank

I think these are a bit old school - they’re certainly not digital start-ups!


(Emma (still not the app)) #9

OneSavings are quite well known. Be interesting to see where it goes if they do merge


#10

Really?

You’re the first I’ve seen whose heard of them.

Maybe I’m just looking in the wrong places.


(Emma (still not the app)) #11

I’ve looked into them before, not a bad savings account rate

Also they’re on Freetrade


#12

Interesting!

I’ll keep my eye on how it goes - Not that I can justify opening anymore accounts… :eyes:


(Emma (still not the app)) #13

Just to clarify, it’s business savings accounts. Was looking into them for a friend who wanted my opinion :grin:

Don’t think they do personal


#14

I think specialist savings and lending banks just can’t be trendy in the way Monzo and Starling can.

OakNorth can probably make a case for being the most impressive recently-formed bank but few will have heard of them.