ClearBank Embedded Banking provides regulated banking infrastructure for established firms that want to offer financial products under their own brand without becoming a bank. Available products in the UK include retail and business current accounts, savings accounts, Flexible Cash ISAs, service accounts, and operating accounts. Savings variants cover retail, business, joint, under-16, and 16–17 accounts. Current accounts support Faster Payments, CHAPS, and Bacs. Eligible deposits are protected by the FSCS up to £120,000 per person, per bank. ClearBank accrues interest daily and pays it monthly, while the partner chooses the customer rate. Integration is API-first, with a simulation environment, webhooks for real-time notifications, and a developer portal. ClearBank says average integration takes 30–45 days, with a fastest recorded time of 14 days. Partners manage customer-facing onboarding and monitoring within ClearBank’s framework; ClearBank owns KYC and ultimate regulatory accountability. The Flexible Cash ISA has a £20,000 annual contribution limit and is for UK retail customers. Pricing is on request and there is no free plan.
Who it is for
This service is designed for established regulated fintechs, wealthtechs, corporates, and platforms with a proven track record. It suits organizations needing UK accounts, payment rails, KYC/AML tools, and ledger capabilities through an API.
What is good
- UK current accounts support Faster Payments, CHAPS, and Bacs
- Includes multiple account and savings variants
- API offers simulation, webhooks, and developer portal
- ClearBank retains ultimate regulatory accountability
- Eligible deposits receive FSCS protection
What to know first
- Available products are limited to the UK
- Pricing requires contacting sales
- Average API integration takes 30–45 days
- Flexible Cash ISA has a £20,000 annual limit
Verdict
ClearBank combines UK banking accounts, payment schemes, compliance processes, and API integration for established regulated partners. Its paid, UK-focused model and integration responsibilities should be reviewed before adoption.
ClearBank Embedded Banking plans and pricing
All plansCompared on banking-as-a-service platforms
- Free plan
- No
- Embedded accounts
- Yes
- Payment rails
- faster_payments
- KYC/AML tools
- Yes
- Ledger
- Yes
- Supported regions
- UK
