Is Cater Allen owned by Santander?
Yes, Cater Allen is owned by Santander. Cater Allen Private Bank is a wholly owned subsidiary of Santander UK plc, which is itself part of the Banco Santander Group, headquartered in Spain. Cater Allen has been part of Santander since Abbey National — which had previously acquired Cater Allen — was itself acquired by Santander in 2004.
What does Cater Allen do?
Cater Allen Private Bank provides banking services tailored to professionals, business owners, and higher net-worth individuals. Its products include savings accounts, cash ISAs, and private banking services. Unlike retail banks, Cater Allen focuses on clients who value a more personalised service, including those with complex income structures such as contractors, solicitors, and accountants.
Does Cater Allen support open banking?
As a subsidiary of Santander UK, Cater Allen is covered by Santander’s obligations under the CMA’s open banking mandate. Customers with Cater Allen accounts can authorise FCA-regulated Third Party Providers (TPPs) to access their account data through open banking APIs, consistent with the Payment Services Regulations 2017.
Open Banking in Practice: Santander UK, including its Cater Allen subsidiary, is one of the nine banks subject to the CMA’s original open banking order. This means Cater Allen customers benefit from the same FCA-regulated open banking access rights as customers of major high-street banks. Read more about which UK banks are covered by open banking mandates on openfuture.world.
FAQ
What information do I need to log into Cater Allen online banking?
You will need your registration number and password; Cater Allen also uses security questions and two-factor authentication for access.
Is Cater Allen covered by the FSCS?
Yes — as part of Santander UK, Cater Allen deposits are protected by the Financial Services Compensation Scheme up to £85,000.
Can I access Cater Allen accounts through open banking apps?
Yes — as an FCA-mandated bank, Cater Allen supports open banking API access via authorised third-party applications.