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OakNorth Bank - Personal Savings, Business Loans in UK logo

OakNorth Bank - Personal Savings, Business Loans in UK Reviews

Rated 3.9 based on 24 Reviews

57 Broadwick St, Carnaby, London W1F 9QS

Banks London

Published on
August 1, 2025
Last updated
August 1, 2025

Reviews Summary

Overall, customer sentiment towards OakNorth Bank is mixed, with considerable differences in individual experiences. Positive feedback highlights efficient processes, competitive rates, and proactive deal-making by the OakNorth team, especially with business clients. However, repeated complaints about communication difficulties, account errors, and unresolved customer issues raise credibility concerns and undermine consistent trust in their banking services.

Common feedback includes both smooth account handling and negative reports of inaccessible customer support, unresolved transactional errors, and delayed email or phone responses. Several reviewers pointed out issues with closing accounts, restricted fund access, and unexpected account closures, while others commended OakNorth’s responsiveness and understanding in complex financing deals. A few customers praised the simplicity of opening and maturing accounts, but rarely engaged with customer service directly.

Based on customer reviews, OakNorth Bank holds a reputation in its sector for competitive products and effective commercial banking, but faces notable trust and support challenges among individual retail clients. The London-based bank is regarded as efficient for straightforward business transactions, yet appears inconsistent in everyday retail banking reliability.
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What Customers Are Saying About OakNorth Bank - Personal Savings, Business Loans in UK?

nothing but good

the process has been simple

very competitive with lots of different options

efficiency, responsiveness and market understanding

straight-talking attitude and entrepreneurial approach

absolute pleasure working with OakNorth Bank

taking the time to understand

refreshing approach that’s very different

good rates

best buy tables

Trustguide extracts key phrases from reviews about OakNorth Bank - Personal Savings, Business Loans in UK and sort them by sentiment. This gives you a quick view of what customers consistently praise or raise concerns about—without needing to read every review.

Satisfaction Score

Based on the set of reviews used to generate this report, it appears that 30% of OakNorth Bank - Personal Savings, Business Loans in UK's customers had a positive experience.

Positive
30%
Neutral
10%
Negative
60%

OakNorth Bank - Personal Savings, Business Loans in UK Ratings

5

As of Based on 24 revies as of Aug 01, 2025

OakNorth Bank - Personal Savings, Business Loans in UK Score

30%

As of Based on 24 revies as of Aug 01, 2025

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Customer Reviews

As of Aug 01, 2025, 24 customers have reviewed this business and rated it 3.9 Star out of 5. Trustguide conducted an in-depth analysis of OakNorth Bank - Personal Savings, Business Loans in UK's publicly available reviews View source

patrick mcdonagh rated OakNorth Bank - Personal Savings, Business Loans in UK 1 stars
3 months ago
Hi,tried to open an easy access cash isa. Started the process and ended up with a deposit account. Logic or AI should have flagged up a £20k deposit just before the end of the tax year is intended to be an ISA. So either incompetent or clumsy,but wasted my time! Do not trust.
John Alexander Philip rated OakNorth Bank - Personal Savings, Business Loans in UK 1 stars
4 months ago
AVOID AT ALL COSTS!! Oak North are refusing to release funds of my deceased father, even with a court-approved and valid Grant of Probate! Do not bank with Oak North unless you want to risk losing access to your money!!
Michael Simmonds rated OakNorth Bank - Personal Savings, Business Loans in UK 5 stars
4 months ago
My experiences have been nothing but good. I Have had 5 accounts with them over the last 2 years, 2 matured and 1 pending and the process has been simple each time. Their rates are very competitive with lots of different options and I intend to open accounts with them again in the future. I have not had to contact them however, which I understand has been a problem for others, so we will see what happens if I do need to.

Frequently Asked Questions About OakNorth Bank - Personal Savings, Business Loans in UK

How easy is it to open and manage a savings account with OakNorth Bank?

Several reviewers note that opening and maturing savings accounts is generally straightforward and efficient. However, some have reported challenges if account issues arise or support is needed, suggesting the process works best for standard, issue-free transactions.

What should I expect from OakNorth Bank’s customer service?

Customers experience varied levels of customer support. While some business clients praise proactive communication, retail users frequently mention slow response times, difficulties with account closures, or unreachable support via phone and email.

Are OakNorth Bank’s account processes primarily digital?

Yes, OakNorth Bank relies heavily on digital platforms for opening, closing, and managing accounts. Most account actions and communications are handled online, and telephone support may not always be immediately available.

About OakNorth Bank - Personal Savings, Business Loans in UK

Banks
OakNorth Bank is a financial services provider primarily focused on banking solutions, including online deposit savings accounts and credit facilities. The company operates in the banking sector, offering both retail and business banking products to individuals and businesses in a digital-first format.

The bank conducts most customer interactions via digital channels, with processes for opening, closing, and managing accounts typically handled online. For business clients, OakNorth Bank offers direct access to its credit committee and a collaborative approach to commercial financing, aiming to expedite decision-making and funding processes.
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How is this report generated

Trustguide generates concise, neutral summaries of business reviews. By analyzing publicly available feedback from reputable platforms, it highlights common experiences, praises, and concerns. This allows users to quickly understand a business’s reputation without reading every individual review.4o
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