A new kind
of bank.

We create targeted products to make people better off.

What we do

Chetwood is a digital bank with a difference. Since earning our full UK banking licence in 2018 (the only retail bank to do so that year), we’ve focused on creating distinctive and disruptive financial products for underserved segments of the market

Our brand-led propositions are designed alongside our customers to meet specific needs and ensure that people are truly better off. This means that unlike traditional banks, we don’t cross-sell to our customers. Our business model is designed to keep costs low, using leading cloud-based technology and digital distribution partners to pass savings onto our customers.

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The Wave credit card helps customers take control of their money, with an instant digital card, the ability to link up to Apple Pay or Google Pay straight away, and our helpful repayment calculator.
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SmartSave provides better fixed term, fixed rate savings accounts, offering a simple way to save online at a great rate - for new and existing customers.

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BetterBorrow offers customers a quick and simple loan; one with an instant online decision, their personalised rate upfront and their money in minutes.

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The LiveLend Reward Loan is a world first; a truly dynamic loan that adapts to improvements in our customers’ credit score. As their score goes up, their rate comes down.

Banking-as-a-Service from Chetwood

By building every element of our brand propositions from the ground up, we’re uniquely placed to help other businesses expand their own propositions for both commercial and customer benefit too.

Our Banking-as-a-Service (BaaS) model provides the banking licence, the balance sheet and the technology to enable both new entrants to financial services and existing players to expand their propositions with no upfront investment.

Get the detail on BaaS

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