Coconut is a business current account, not a bank, and is launching in 2018. We don't take risks with your money, so it isn't covered by the Financial Services Compensation Scheme. Your money is kept in a protected, ring-fenced account, safeguarded under UK Electronic Money Regulations 2011.
The Coconut card will be issued by PrePay Technologies Ltd pursuant to license by Mastercard® International. This is an electronic money product. PrePay Technologies Ltd is regulated by the Financial Conduct Authority (FRN 900010) for the issuance of electronic money.
Company no 09904418, Monizo Ltd trading as Coconut.
Find us at 91 Brick Lane, London E1 6QL.
Get early access
Apply to join our early access programme, or get on the list for updates about our public launch.