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Vanquis Bank

General Information


Vanquis is part of FTSE 250 listed Provident Financial Group, which comprises four companies – Provident (home credit/doorstep loans), Moneybarn (vehicle finance), Satsuma (pay day and short-term loans) and Vanquis (credit cards, personal loans and savings). Vanquis entered the savings market in 2011.

Banking Licence

Vanquis have their own banking licence which isn’t shared with any other banks

Registration Numbers

Companies House Number: 02558509

Financial Conduct Authority: 221156.

Based: Head office is in Chatham, Kent with offices also in Bradford and Fenchurch Street, London. Savings are administered in Newcastle.

Date Launched: January 2002

FSCS Protected? Yes

Branches: Vanquis Bank doesn’t have any branches

People of Interest

Head of Savings

Marcus Brant

Chief Executive

Neil Chandler

Saving Information

No. of Savers

Unknown; estimated at circa 40,000

Amount of Deposits

£1.683bn as of 31st December 2020

Loan Book

£1.094bn as of 31st December 2020

Account Opening and Management

How Do I Open a Savings Account


How Do I Manage a Savings Account

Internet, Post, Telephone


Lending Activities

Credit cards – it provides credit cards to help people repair bad credit with limits ranging from £250 - £4,000

Personal loans – unsecured loans for 1 – 3 years for amounts from £1,000 - £5,000


Feefo Reviews

No reviews on Feefo

Savings Guru Verdict

Historically, Vanquis has offered competitive 4 and 5 Year Fixed Rate savings but during 2020 branched out to offer shorter terms.  They have had a bad time through covid with profit dropping 73% to £50.7m but have historically been a very profitable member of the Provident Group. 

The Bank has significant excess liquidity, which is good for its safety, but probably means they are unlikely to be offering best buy rates to attract new savers in 2021.

Contact Information for Vanquis Bank

Contact Details

Vanquis Bank Savings,
PO Box 1279,
Newcastle upon Tyne,
NE99 5BR

Telephone: 0191 505 0033

Open: Monday to Friday, 9am – 5pm.

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