Atom Bank deposits top £110m

In April 2016, Atom opened its virtual doors with an invitation only roll-out to pre-registered customers, before opening to the whole of the UK in October.
 
Atom launched two Fixed Saver accounts this year, in addition to SME business lending and most recently, residential mortgages offered through a panel of specialist intermediaries.

The app-only bank has now received over £100 million in lending applications.

Atom’s Chief Executive Officer, Mark Mullen, commented: “Atom is proud to lead the creation of a new way of banking, one that’s starting to fix the legacy problems that have so damaged the reputation of the banking industry. We see a real desire for people to have a bank that just works, one that isn’t painful and one that offers simple and speedy value for money.
 
“Banking on a mobile app isn’t just for millennials: the average age of our savers is over 50, so it’s clear to us that people of all ages are prepared to embrace new ways of banking and new banks. There’s a lot more to come from Atom. In 2017 we look forward to welcoming more new customers, with a wider range of savings and mortgage products and a new current account all in the works.”