TANDEM SAVES CUSTOMERS ON AVERAGE £142 PER YEAR

Tandem, the Good Bank, has announced that it is currently saving customers an average of £142 per year.

The bank has provided its customers with considerable savings across credit card cashback, FX fees and their growing roster of AI driven highlights.

Ricky Knox, Founder and CEO of Tandem Bank, says “We’re thrilled that our products are already providing our customers with so much value.”

Today Tandem bank announces that they are saving their customers £142 per year on average. Tandem has been saving these customers money across cashback and FX fees, as well as app highlights spotting unnecessary fees, subscriptions, high bills and duplicate payments. Aggregated app users benefit from AI driven advice across all of their accounts.

This aligns with Tandem’s mission to provide people with stress-free money management and make them “life rich”. Card customers can travel the world without the hassle of annoying fees and get real time notifications as they spend.

Ricky Knox, Tandem CEO, says “it’s great to see people already getting so much value from our offering. Tandem was built with the customer in mind and we only make money when they do – for us that’s what it means to be a good bank.”

Last week the bank announced that they had reached a major milestone – 100,000 customers across all of their services – since launching its first product in February of this year.

Knox adds, “this is just the start – by the end of the year we’re aiming to save customers a total of £10,000,000. We set ourselves targets based as much on customer lifetime benefit as customer lifetime value, so this is something that we really pride ourselves on.“