OakNorth Bank
General Information
Overview
OakNorth badges itself as a bank for entrepreneurs by entrepreneurs. It is a small and medium enterprise lender set up by co-founders Rishi Khosla and Joel Perlman, after they sold their business Copal Amba to Moody’s.
Banking Licence
OakNorth have their own banking licence which isn’t shared with any other banks
Registration Numbers
Companies House Number: 08595042
Financial Conduct Authority: 629564
Based: Manchester with offices in London
Date Launched: September 2015
FSCS Protected? Yes
Branches: OakNorth does not have any branches
People of Interest
Head of Savings
Rajat Mehta
Chief Executive
Rishi Khosla
Saving Information
No. of Savers
167,000 as at 31st December 2021
Amount of Deposits
£2.643bn as at 31st December 2021
Loan Book
£2.915bn as of 31st December 2021
Account Opening and Management
How Do I Open a Savings Account
Internet
How Do I Manage a Savings Account
Internet, Telephone
Lending Activities
OakNorth has three lending areas of lending:
- Business loans
- Property development finance
- Buy to let finance to property investors
Reviews
Feefo Reviews
Trustpilot Reviews
https://uk.trustpilot.com/review/oaknorth.com
https://uk.trustpilot.com/review/oaknorth.co.uk
OakNorth has two listings, as it has split the company into a bank and credit intelligence firm, but both listings have reviews of the bank included so worth checking out the two sites
Savings Guru Verdict
OakNorth offer a good range of savings accounts, for both personal and business customers, and have recently added ISAs to their proposition. They have a tendency to change the rates on offer after short periods of time, so we’d always recommend savers moving quickly to secure a product if they see a rate that appeals. Their customer service reviews for savings are a mixed bag, with some savers reporting great service and others having a pretty poor experience.
Contact Information for OakNorth Bank
Contact Details
Address: 6th Floor, Ship Canal House, 98 King Street, Manchester M2 4WU
Telephone: 0330 3801 181
Website: www.oaknorth.co.uk
Email: businessdesk@oaknorth.com
Open: Monday to Friday, 9am – 5pm