Unfortunately, due to regulatory obligations, we are unable to disclose the reasons for why your application failed. When you you first register at raisin.co.uk or apply for a savings account via Raisin UK, your identity needs to be verified through AML and KYC checks by our partner banks and/or our deposit administrator. If they are unable to successfully verify your identity during these checks, or if there are any discrepancies between the information that you have provided and the information stored in these databases, your application may fail.
Please be assured that your credit rating will not be affected by any unsuccessful applications. While we cannot provide any further information on the unsuccessful application, we do invite you to check all your personal information is correct as any incorrect data may impact your application.
The checks carried out vary from bank to bank, so this does not necessarily mean that all savings account applications via Raisin UK would be unsuccessful.