Company Information

Get to know Bó

Bó was a standalone digital bank launched by NatWest Group (then The Royal Bank of Scotland Group) in November 2019. Positioned as a direct competitor to challenger banks like Monzo and Starling, its primary mission was to help people improve their financial habits through tools for spending analysis, goal setting, and budgeting. The service featured a distinctive bright yellow Visa debit card and a mobile-only banking experience. Despite its ambitions, Bó struggled to gain traction and was shut down by NatWest in May 2020, with the bank deciding to integrate its technology and learnings into its other digital offerings, particularly its business-focused Mettle app.

Industry

Financial BankingPRIMARY
Financial Other Service

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Bó

United States

Founded in

01 Th01 2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

2/10

Reviews

--/90

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.