www.algbra.com

Algbra

Deposits or policies controlled by ClearBank

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.

How we rate banks

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Founded: 2025

Policies

Environmental Policy

Customers Served

  • Corporate
  • Small and Medium Enterprises (SMEs)
  • Retail and Individual

Services

  • Mobile Banking
  • ATM Network

Fees

  • No account maintenance fee
  • No overdraft fee
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Savings
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Credit cards

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