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cynergy bank

All About Cynergy Bank (History And FAQs)

Industry-leading and committed to excellence.
Cynergy Bank emerges as a banking industry leader, renowned for its award-winning services and specialised property and commercial finance options. Cynergy Bank tailors banking solutions with a modern approach for SMEs, scale-ups, family-run enterprises, and wise savers, backed by seasoned personnel and cutting-edge technology.

Cynergy Bank: Who Are They?

Cynergy Bank: Who Are They?
Cynergy Bank, a reputable principle lender with a history dating back to 1955, has mastered the art of property financing. Our staff of specialised relationship managers has decades of combined expertise, ensuring a thorough understanding of your company and property requirements.

What They Offer

Property Finance: We specialise in building property portfolios, offering tailored financing alternatives for purchases, refinances, developments, and buy-to-let.

Business Finance: Our lending options are meticulously intended to fuel growth, whether through commercial mortgages, business overdrafts, or equipment investments.

Why Choose Cynergy Bank?

  • Customer Understanding: We provide solutions that recognise the complex intersection of your career and personal goals.
  • Relationship-Driven: Our proactive teams are involved in your journey, advancing alongside your organisation to provide relevant solutions.
  • Swift Decision-Making: Decisions are made promptly and with clarity, providing you with consistent and timely financial support.

Investing in the UK property market.

  • Innovative Financing Solutions: We tailor finance for investing, developing, or dealing in real estate, providing insight and flexibility supported by years of industry experience.
  • Energy Efficiency Focus: Providing residential landlords with financing choices to enhance EPC ratings while complying to government proposals for a greener future.

Tailored Lending Options in Cynergy Bank

Tailored Lending Options in Cynergy Bank

  • Property Investment Loans: We offer flexible funding solutions for the acquisition or refinance of residential and mixed-use properties, with competitive loan-to-value ratios and interest rates.
  • Property Development Loans: We provide financial structuring that is consistent with project timetables and budgets for developers seeking loans for new construction or refurbishment.
  • Company & Commercial Mortgages: We provide loans with various repayment schedules and maturities of up to ten years to finance a wide range of buildings and land used for company.

Trust and Transparency in Cynergy Bank

Cynergy Bank’s reputation is supported by its good Cynergy bank credit rating, which provides a solid basis for both investors and savers. This financial strength reassures clients that their assets and interests are in capable hands. Cynergy Bank reviews demonstrate their commitment to providing great service and tailored financial solutions.

Committed to Your Growth.

Cynergy Bank ensures an open, responsive, and complete financial collaboration. They are your allies in navigating the worlds of property and company financing, with a strong focus on offering solutions that are tailored to your specific requirements.


Cynergy Bank signs collaboration with Google.

The trio claims that their service would be distinct from other start-ups because it will combine the best of Google Cloud and Google Cloud partner technologies, Wipro’s domain and technological knowledge, and Cynergy Bank’s relationship management know-how.

The cooperation aims to establish and grow a presence in the market for small business owners and professionals.

Cynergy Bank is now owned by a group of private investors, who have agreed to pay Google an undisclosed fee to develop a new digital platform based on cloud technology.

The internet giant may be able to leverage its experience developing a hybrid technology and personal banking approach in future collaborations, while Cynergy aims to grow its 80,000 customers to 300,000 to 500,000 over the next three years.

Cynergy primarily serves business owners, entrepreneurs, and the rich, a demographic that frequently seeks more complex products than mainstream lending and so requires relationship managers.

Cynergy CEO Nick Fahy stated that the bank is’redefining what it means to be a relationship bank in the digital age, with face-to-face service coupled with incredible technology.

Cynergy Bank signs collaboration with Google.

He stated, “Our digital relationship bank, the first in the UK, will launch in early 2021, enabling our relationship managers to become growth advisors to their SME clients, with a suite of inputs delivered digitally.” These include statistical insights into market dynamics and corporate performance across sectors. Each of the relationship managers will share these data with clients so that they can compare their business performance to the market and take real steps to increase growth and efficiency.

“We are developing an end-to-end banking and business services technology platform using Google Cloud and Wipro’s strong financial services, digital, and technological expertise. We are quite thrilled about what this new platform will provide for our new and existing customers.”

Mr Fahy stated that the goal of the cooperation is to shift the current balance, in which relationship managers spend around 30% of their time with clients and 70% on internal processes, to spending % to 80% with customers through better processes and data analytics.

Financial firms are increasingly using cloud computing to streamline their systems. Banks including HSBC, Lloyds, Revolut, Starling, and Monzo already use Google Cloud.

Adrian Poole, head of financial services at Google Cloud Platform UK & Ireland, stated, “The exciting aspect of this partnership is that Cynergy will provide a personal relationship experience in addition to the infrastructure and software of a fully digital bank.”This is suitable for small and medium-sized organisations that require the ability and capacity to grow quickly.”

FAQs On Cynergy Bank

Where Can I Find My Account Number And Sort Code?

Log into Online Banking to find your account number and sort code.

Go to the ‘Accounts’ menu and then pick ‘Account Details’.

They can be found on the following items:

• Bring your chequebook, debit card, and bank statement.

Cynergy Bank’s sort code is 40 63 77.


How long does it take Cynergy Bank to transfer money?

CHAPS (Clearing House Automated transfers System) enables guaranteed transfers between UK banks on the same day. Payments must be accepted by us before 3.30pm; else, the transfer will take place the following working day.

What is Cynergy Bank’s source of funds?

We follow a traditional banking business model, supporting loans and overdrafts only through retail deposits, which we believe are the most stable form of funding. To attract such deposits, we must pay a competitive rate of interest.

Is it safe to invest in Cynergy Bank?

Cynergy Bank is part of the Financial Services Compensation Scheme (FSCS). The Financial Services Compensation system, the UK’s deposit guarantee system, protects your qualified deposits with Cynergy Bank up to a maximum of £85,000.

How do I withdraw from Cynergy?

Simply choose your account and choose the withdraw and closure option from the dropdown list, then follow the on-screen instructions. If you want to withdraw funds to another Cynergy Bank account, select internal transfer and close.

Why isn’t my faster payment arriving?

If a Faster Payment does not arrive, it may be because the recipient’s sort code or account number was mistakenly supplied, or the account was closed. Before making a payment, you must check with the recipient to ensure that their information is correct.

Is Cynergy part of another bank?

Cynergy Capital Limited acquired Bank of Cyprus UK and rebranded it as Cynergy Bank in December 2018. They specialise in corporate banking but also offer personal current accounts, savings accounts, and private banking services. Their headquarters are located in London, United Kingdom.

Why might a payment be delayed?

Late payment in online banking

This essentially implies that your payment is going through additional security procedures in order to be validated. While this may be annoying for deliberate payments, it can be extremely useful if the payment is fraudulent or questionable.

Is Cynergy Bank genuine?

Cynergy Bank Limited is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. The UK Financial Services Compensation Scheme protects eligible deposits held with Cynergy Bank Limited.

Is Cynergy a UK bank?

Cynergy Bank Ltd. Registered in England and Wales: 04728421. Registered office: 4th Floor, One New Change, London, EC4M 9AF.

Who oversees Cynergy Bank Limited?

Cynergy Bank Limited is registered in England and Wales under company number 04728421. Our primary business is the supply of financial services. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under firm number 575105.