Zero
Zero is a transparent and climate-aligned offering no avenues for funds to be used to finance fossil fuels. Furthermore, Zero's 'Greenscore' feature helps individuals understand how their spending choices contribute to climate change and offer easy ways to reduce their impact.
Given our mission of providing banking customers with the knowledge and agency to move banks in the right direction, it is refreshing to see this positive feedback loop, a bank helping its customers to align their finances with their values! We are excited to see how they develop and influence the banking sector over the coming years.
Have you opened an account with Zero since visiting Bank.Green?
Key Facts
Type: Financial App
Mobile Banking: Yes
Environmental Policy: Yes
Founded: 2025
Serving: Consumers
Local Branches: No
Products
Checking Accounts: Yes
Savings Accounts: No
Credit Cards: No
Mortgages or Loans: No
Business Lending: No
ISAs: No
Fees
Overdraft Fee: Yes
Account Maintenance Fee: No
Free ATM Network: Cash withdrawals up to a limit are free
Impact
• Zero provides a "GreenScore" feature, a number between 1 and 1000, that helps users understand the environmental impact of their spending. Based on your score the app offers insights and recommendations to reduce carbon footprints. They plan to introduce options for contributing to climate-positive projects
• Zero is pioneering a new ownership model with 20% of the company being set aside for the Zero community. This provides early customers a share in the value of the business they create.
• Zero is a Certified B Corporation meaning it meets the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose
• Zero's future goals include lending to consumers and small businesses to finance projects that help to improve individual and company sustainability such as solar panel installations, EV purchases, heat pumps, building energy efficiency improvements.
Security
• Deposits are safeguarded by ClearBank and held at the Bank of England. Presently, they are not used for lending or investing. Most importantly they are not financing the fossil fuel industry.
• High security and fraud protection is built-in to the App with biometric login and instant phone notifications as soon as you pay.
• Any payments you make with your Zero Card are protected by Mastercard’s comprehensive suite of fraud protection systems including 3DS.
Service
• Customer Service is open from 9am to 5:30pm on weekdays, excluding bank holidays. They also have a submission form on their website.
Accessibility
• Free cash withdrawals (up to a limit).
• Contactless payments worldwide with zero fees and zero commissions make it a good option for people living abroad or who have to travel frequently.
• No brick and mortar locations meaning users have to be somewhat tech savvy.
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