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Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - Life Insurance
Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
Home & vehicle
Health & travel
Featured - Switching deals
In need of a cash boost?Providers often entice new customers with cash incentives for moving current accounts. Compare deals and find out how to make the switch:
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
Advanced Payment Solutions Limited, trading as Cashplus, which offers a range of business and personal banking products, has been granted a full UK banking licence.
As a full UK bank, customers with money up to £85,000 deposited into a Cashplus bank account are offered greater protection as their money is now protected under the Financial Services Compensation Scheme (FSCS).
In addition to this, Cashplus, which already offers a range of products including business bank accounts and basic bank accounts for consumers, can now look to expand its product range, although the bank has not made any announcements yet as to its future product plans.
Existing Cashplus customers will not see any changes to their bank accounts and can continue using their account and existing cards as normal. Some changes, however, have been made to terms and conditions, which the bank has stated it has notified customers about.
Those with a Cashplus iDraft, will have this facility changed to a standard overdraft facility and instead of paying a flat daily fee, charges will be amended to a simple interest rate.
Cashplus was originally founded in 2005 and currently has 1.6 million customers.
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