Company Information

Get to know Wessex Community Bank

Wessex Community Bank is a financial co-operative, owned and run by its members, operating as a trading name of Wyvern Savings and Loans Ltd. As a credit union, its mission is to provide an ethical alternative to traditional banks and high-cost lenders, focusing on community well-being rather than profit. They encourage regular savings and offer accessible, affordable loans to members, with any surplus profits being returned to the members or reinvested into the community. The organization is committed to promoting financial inclusion and stability for individuals and families within its designated service area.

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Financial BankingPRIMARY
Financial Other Service

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Wessex Community Bank

United Kingdom

Founded in

2001 (25 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.