One of Europe’s biggest challenger banks is plotting a return to the UK, the Standard can reveal, in a sign that London remains an attractive financial hub for EU investors.
Bunq, which is the second largest neobank in the EU with more than nine million customers and €4.5 billion in deposits, stopped offering new accounts in the UK at the end of 2020, citing Brexit-related red tape difficulties, while its German rival N26 closed all UK accounts and withdrew entirely.
