Reinforcing its commitment, RCI Bank UK has obtained a UK banking license. This milestone means customers’ deposits are protected by the UK’s Financial Services Compensation Scheme. RCI Bank is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. In 2019, more than 20,000 new accounts were opened, RCI Bank UK ended the year with more than 86,000 customers. RCI Bank UK was the first car finance company active in the UK savings market. It has now been operating since 2015 with a commitment to simplicity, transparency and excellent service.