ForexQ.com
ForexQ.com
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According to its official website, FCMB Bank (UK) is an independently incorporated UK boutique bank wholly owned by First City Monument Bank Ltd, a member of Nigeria-based FCMB Group PLC. The bank began operating as an investment firm in September 2009, started wholesale deposit taking in 2013 and added personal and business banking in 2018; it is based in the City of London. It offers trade finance, corporate and institutional banking and spot and forward FX to Africa-linked entrepreneurs, investors and professionals, especially companies trading with Sub-Saharan Africa. Personal and business banking is aimed at high-net-worth individuals with an annual income of at least GBP 100,000 or net worth of at least GBP 250,000 and at SMEs; current, savings and fixed deposit accounts are available in USD, GBP and EUR, along with buy-to-let mortgages in London. Online banking is available. The site says eligible deposits are protected up to GBP 120,000 by the FSCS. According to the Bank of England list and the FCA register, FCMB Bank (UK) Limited is authorised by the PRA to accept deposits and is regulated by the FCA and the PRA. This information is the company's own statement.