Is Woolsocks a bank?

Woolsocks is not a bank. Through our partner, Budget Bakers, and their PSD2 (Payment Services Directive 2) licence, we enable clients to connect their bank account and gain insights on their transactions. 
By connecting your bank account, you are also eligible for features such as Auto Rewards.
Our Spanish clients can also make use of the Savings Sock, a unique savings account that can be created via Woolsocks. This is made possible by our partner Solarisbank AG. We hope to make this available to all our clients in the near future.
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