Tandem Bank is a UK challenger bank that launched in 2014, making it one of the country’s earlier digital-first entrants. It operates without branches, so customers handle everything online or through the Tandem mobile app.
As a fully licensed UK bank, Tandem is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA). This level of oversight ensures Tandem operates within the UK’s standards for capital, conduct and customer protection.
Across its eleven years in the UK, Tandem has strengthened its lending capability by acquiring companies such as Oplo and Allium Lending Group. These additions expanded the bank’s experience in consumer and green lending, which supports the development of responsible finance options—including those linked to lower-emission vehicles.
Why Carplus Partners with Tandem Bank
We work with Tandem Bank because it offers motor-finance products that suit a wide range of UK drivers. Tandem provides EV motor finance, which is designed to support purchases of electric and lower-emission vehicles. This focus aligns with the bank’s wider green finance strategy, making it a helpful option for customers considering a cleaner way to drive.
And because Tandem operates digitally, customers manage their finance through the app, avoiding branch visits or paper-heavy processes. Its experience gained through Oplo allows it to understand different borrowing needs, while its background in green lending supports its focus on low-emission motoring.
Regulation and Responsibility
Tandem Bank is supervised by both the PRA and the FCA. These regulators oversee how banks handle capital, customer treatment and overall risk, which helps maintain trust and consistency in the market.
Savings held with Tandem are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per eligible person. Motor-finance products themselves are not deposits, but FSCS protection signals that Tandem operates as a fully authorised UK bank, giving customers confidence in the institution providing their loan.
What Tandem Bank Offers for Our Clients
Tandem’s key offer for Carplus drivers is its EV motor finance. The bank focuses on supporting purchases of electric and lower-emission vehicles, reflecting its long-standing commitment to green lending. This sits comfortably alongside its work in other sustainable finance areas, such as energy-efficiency home improvement loans and green mortgages.
Because Tandem operates digitally, customers use the Tandem mobile app to review their finance details, manage payments and keep track of their agreement. Many borrowers prefer this streamlined approach, as it removes the need for branch visits and keeps everything accessible on their phone.
And with Tandem being a PRA/FCA-regulated bank, clients can rely on the fact that its motor-finance products follow the rules set for authorised UK lenders.
Why Tandem Bank Finance Stands Out for Carplus Clients
Tandem stands out to our clients because it combines robust UK regulation, an app-based experience, and a clear commitment to greener motoring. Its EV motor-finance products support drivers looking for lower-emission options, while its acquisitions—such as Oplo and Allium— have broadened the bank’s expertise across lending markets.
And since Tandem works entirely online, customers benefit from straightforward account management and easy access to their finance information. This mix of digital convenience, regulated oversight and a green-focused offering makes Tandem a strong and reliable partner for Carplus customers exploring modern car-finance choices.
