Tandem Money is a digital banking service set up in 2013 with the purpose of helping users in managing their money easily and conveniently in the palm of their hands. The year of 2016 saw many investors investing in the company including prominent parties like eBay founder (Pierre Omidyar). However, at the end of the year, one of their major contributors Sanpower revoked his investments resulting in the company having to return its banking license.
Tandem is recently launched UK’s digital bank providing limited service after acquiring its license in January 2018. Tandem Bank initially offering Fixed Savers account at 1.90% to 2.40% annual equivalent rate from 1 to 3 years term. It starts from £1,000 minimum deposit.
Tandem is legit, registered with Financial Conduct Authority.