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Published on 9th March 2016

Tandem Bank offering free shares?

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Tandem Bank are reportedly offering you a free share, worth £75

Want to be a co-founder of a new bank? Tandem Bank (set to launch later this year), are reportedly offering you a free share worth £75.

How do you get your free share?

1) Sign-up at https://www.tandem.co.uk/co-founders/

2) Use the referral code HXALY, 4VXEM or WVLD3

Update: 06th April 2016: Tandem have now published news about their 'Co-Founders' schedule online. Once you've signed-up using a referral code, you'll get your own referral code. The more people that sign-up using your referral code, the more shares you'll get! They've also confirmed that 5% of all equity (shares in the bank) will be for 'Co-Founders.'

The scheme was spotted by Smart Money People, the UK’s review site for financial products. Founder, Mike Fotis said, “in the last few months we’ve seen a huge amount of interest in start-up banks like TandemAtomMondo and CivilisedBank. Banking is about to get a lot less grey, and watching how this breed of new banks change the way we think about banking will be really exciting.”

Just last week, rival bank Mondo, completed its £1 million crowdfunding campaign in just 96 seconds, becoming the fastest crowdfunding raise in history. When it first launched its campaign, it crashed the servers of its crowdfunding partner.

Based in London, Tandem Bank is founded by Ricky Knox (founder of money transfer service Azimo) and Matt Cooper (co-founder of Capital One). Tandem has reportedly raised close to £100 million to date, and announced that it had received its banking license in December 2015.

It plans to offer current accounts, credit cards, savings and loans products when it launches. Last year, Knox was quoted as saying, "we want to build a bank that puts customers’ interests first and by working in Tandem with them as their partner in money. It means we can be a bank that truly champions its customers, and we plan to prove it at every point."

Details of the ‘Co-Founders Scheme’ were posted online by a member of the Tandem team. We don't know how long this scheme will remain open, but we’ll update this post if we hear any more.

Until Tandem Bank launches, check out our other current account reviews.

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