Looking for a business account?
Dozens is looking to offer business banking services soon. If you and your business would like to be considered for the pilot scheme please email firstname.lastname@example.org.
Get a current account, saving and budgeting tools, access to higher returns and an investment provider – all in one app.
The Dozens app closes the divide between our two essential financial needs.
The first is ease. It makes money management easier and smarter by using technology inventively.
The second is value. It houses new financial products we have developed to help you maximise your money’s potential.
Usually customers have to use various different services for these, making things harder and inaccessible. We want to help you with your complete financial journey.
Get a current account that’s complete with a sort code, account number and a striking debit card.
• Card freeze/unfreeze
• International transfers
• Send and request money
• Split bills
Understand your spending like never before with details of category, location, pattern and even how it made you feel. If you’re not a list person, it’s all explained with unique visuals.
High street or holiday? Where is most of your money going? Or are those online orders from your sofa the biggest spends?
Do you have the same pattern of spending every week? Take a closer look with the weekly heatmap.
How much can you spend today? The app will work it out for you, based on your spend yesterday. Smart daily and weekly budgeting helps you in real life, in real time.
The app can save on your behalf by rounding up transactions and putting aside the change. You can also choose a rule like “Save £1 every time it rains” and save for a sunny holiday!
These listed bonds have been designed to open up access to higher returns to people who don’t usually have it. So the minimum amount is only £100, there’s no lock-in and the interest is paid monthly.
The bonds follow a bidding process that prioritises smaller amounts. The interest will not fluctuate and for added security, we will place all the money you invest plus the full yearly interest in a separate trustee-controlled account. The bonds are not FCA regulated products, and FSCS protection does not cover the bonds. Learn more about the bonds here.
We can help you identify which investment may be right for you with a simple and friendly risk assessment (not a tedious form!).
Choose investments portfolios based on themes or your world view, whether it’s green energy or technology. We charge fees only when your investment goes up.
We only charge fees when your portfolio value is equal to or higher than the amount you've invested, because we do well when you do.
We want to help you reach your long term goals, so we’ll prompt you when you’re on or off track so you can make changes.
You can rest assured, there’s a dedicated team of people behind the scenes to help you. If you don’t find the answers within the app or just prefer to talk to someone, we’re only a tap or call away.
We are not a bank. We are authorised by the Financial Conduct Authority (FCA) as an e-money institution (FRN 900894) and also as an investment firm (FRN 814281). This means we can offer a range of financial products, which each have different levels of protection.
Your current account money held in the Spend section of the app will be securely held in segregated accounts at a UK regulated bank in accordance with the FCA requirements and the Electronic Money Regulations 2011.
Dozens is not a bank, this means your current account is not covered by FSCS protection.
Because Dozens is an e-money institution, Dozens has no access to your money for its own purposes. For this reason, unlike with some other current accounts, FSCS protection is not considered necessary as the money does not leave the segregated account and is separate from Dozens’ finances in case of default.
While we make sure your money is safeguarded, and cannot be claimed by any creditors if we happen to go out of business, it is possible that some costs could be deducted by an administrator or receiver. In that case, you should get most, but maybe not all, of your money back. It could also take longer to be refunded than it would with a bank.
If you want to read more about e-money institutions and FSCS protection, you can read more on the FCA and the FSCS websites.
Your Cash Savings can be found at the top of the Grow section. These are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 because we hold them in an account with a UK regulated bank on your behalf. Please be aware any bonds you invest in are not part of cash savings.
The bonds are not FCA regulated products, and FSCS protection does not cover the bonds. The interest offered by the listed 5% p.a. Fixed Interest Bonds, in the Grow section of the app, will not fluctuate even in different market conditions. However, we understand that you will still need to be comfortable that as a new company, Dozens will be able to meet its financial commitments. Because of this, and to help build your trust, all the money you invest plus the full 12-months’ interest, is deposited in a separate trustee-controlled account on your behalf. This would be used to pay you in the event of any default. The bond programme currently has a maximum limit of £7m, with expected issuance volumes of between £100k-£1m a month.
When putting money into any investment products, there are two main factors for you to consider – whether the company you made the investment with can meet its financial commitments, and whether the investments you made will fluctuate in different market conditions.
When investing in a strategy through the Invest section of the app, your investment is exposed to fluctuations in the market, which means that the value of your investment may go up as well as down and you may not get back the amount you originally invested.
Dozens does not give financial advice, you should speak to an expert if you are unsure about investing.