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Bank Green

Algbra

Deposits or policies controlled by ClearBank
How Bank.Green rates institutions

Last Rated in Mar 2025

Our take on Algbra

Algbra has been operating since 2022, offering a finance app and mastercard debit card. Besides not investing in fossil fuels, their main environmental offerings are a personal carbon footprint tracking app and a concerted effort to reduce their operational emissions. They’re not ideal for storing larger sums of money because they’re not registered with the Financial Services Compensation Scheme, so they don’t provide the highest level of insurance for your money. However, we think that Algbra would be great for budgeting smaller sums of money, since their handy app and 1-1.5% cashback is great for day-to-day purchases. We also love that they give 10% of their profits to community organisations.

Fossil Free Certified

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Overview

Founded in 2020

Policies

Environmental protection

Customers served

Corporate
Retail and Individual

Services

Local branches
Mobile banking

Fees

No account maintenance fee
No overdraft fee

Personal

Accounts

CheckingSavings
This bank does not offer any Personal loans.

Nonprofit

This bank does not offer any Nonprofit accounts or loans.

Government

This bank does not offer any Government accounts or loans.

SMEs

This bank does not offer any SMEs accounts or loans.

Corporate

This bank does not offer any Corporate accounts or loans.

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