paragonbank.co.uk

4
4 Based on 21 reviews

We are proud to be a specialist lender and savings bank offering a range of products and services in the UK. Our purpose is to support the ambitions of the people and the businesses of the UK by delivering specialist financial services. Founded in 1985,...

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Lance Morris
Challenges with banking for those with Dementia

My partner handled all our online banking but has now developed dementia and lacks any record of login details or passwords. At 79, I have no interest in starting online banking. Finding our money has been stressful due to the minimal paper trails. I found £40,000 in the bank months ago, but they are making the transfer to my current account extremely difficult, where I could visit a physical bank and discuss options with someone. While the staff are friendly and always ask if they can help further, I just want them to fulfill my initial request. They are currently paying me 1.35% interest but won't transfer the £40,000, which could earn 4% elsewhere. I only receive instructions for online banking, which is not possible for me. Other banks have been far more accommodating once I explained my situation. Caring for someone with dementia is challenging enough, and this bank has only increased my stress. Would I recommend them? Certainly not. I've been waiting for a manager to call for a day now, but I'm not optimistic.

1
Date of experience: Dec 02, 2025

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Business Details

  • We are proud to be a specialist lender and savings bank offering a range of products and services in the UK.

    Our purpose is to support the ambitions of the people and the businesses of the UK by delivering specialist financial services.

    Founded in 1985, we have a long and successful history and are part of the FTSE 250.

    Find out more about us
    https://www.paragonbank.co.uk/who-we-are

    Our awards
    https://www.paragonbank.co.uk/who-we-are/awards-and-nominations
    See more

  • language https://www.paragonbank.co.uk

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