{"id":501736,"date":"2023-08-15T12:38:34","date_gmt":"2023-08-15T11:38:34","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?page_id=501736"},"modified":"2026-02-10T07:35:03","modified_gmt":"2026-02-10T07:35:03","slug":"algbra-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/current-accounts\/algbra-review","title":{"rendered":"Algbra review"},"content":{"rendered":"<p>The Algbra account is designed for customers looking for a sustainable and value-based digital banking experience. Completely digital, this platform is targeted towards eco-conscious and Sharia-compliant focused customers. <\/p><h3>What is Algbra?<\/h3><p>Algbra is an ethical fintech company where its customers can manage their money, save and spend sustainably. The UK-based banking app markets itself to eco-conscious and Shariah-compliant users. <\/p><p>Customers can benefit from Algbra\u2019s value-based services, in-app analytics and spending insights.<\/p><p>The online platform offers free instant transfers to your Algbra Friends, wherever they are. Its main selling point is that it\u2019s vowed never to hold its customers\u2019 money in unethical industries. In addition to this, its values and ethics policy is grounded in <a href=\"https:\/\/www.finder.com\/uk\/current-accounts\/sharia-banking-and-islamic-bank-accounts\">Shariah-compliance<\/a>, meaning it looks to provide an inclusive financial service that focuses on fairness and shared prosperity.<\/p><h3>How does the Algbra work?<\/h3><p>Algbra is a purely digital financial service. Customers can access its customer service 24\/7 via its banking app. <\/p><p>After completing the quick onboarding process, customers can take advantage of in-app banking analytics and spending insights. Key features include: <\/p><ul><li><strong>Carbon tracking.<\/strong> Track the carbon emissions of daily spending.<\/li><li><strong>Support non-profits.<\/strong> Donate to environmental charities and projects via the banking app<\/li><li><strong>Payments.<\/strong> Same-day transactions. Virtual and physical payment cards available. <\/li><li><strong>Sustainability.<\/strong> Physical payment cards and packaging made from recycled materials.<\/li><li><strong>Help.<\/strong> 24\/7 customer support.<\/li><\/ul><h3>Is Algbra safe?<\/h3><p>In the Algbra app, biometric identification (fingerprint or FaceID) is used to verify your identity every time you log in. <\/p><p>It also uses open banking technology, which makes sure that the account details you use when making a bank transfer match those of the account to which you are sending money.<\/p><p>The FCA (Financial Conduct Authority) regulates the payments platform as an electronic money institution. However, Algbra is not a registered bank, so your money isn\u2019t covered by the Financial Services Compensation Scheme (FSCS). <\/p><h3>Algbra customer reviews<\/h3><p>Algbra is highly rated on review site Trustpilot, with a score of 3.7 out of 5 from more than 300 reviews (updated October 2025). This gives it a \u201cAverage\u201d rating.<\/p><p>Reviewers mentioned the \u201ckind and friendly team members\u201d, as well as the \u201cexcellent app\u201d and a \u201csmooth onboarding\u201d. Others have also commented on its ethical stance. Those who didn\u2019t rate Algbra as highly have mentioned difficulties with payments and having accounts closed.<\/p><p>There are currently no Algbra reviews on Google Play or the App Store.<\/p>                                    \n<style>\n.tablefade { height: 850px; width: 100%; overflow-x: auto; overflow-y: scroll; }\n.tablefade .luna-table { position: relative; border-left: none !important; }\n.tablefade th:first-child, .tablefade td:first-child { position: sticky; left: 0; background: #ffffff; border-left: 1px solid #d4d3ce; z-index: 2; }\n.tablefade .luna-table td { vertical-align: middle; }\n.tablefade tbody tr:hover td { background-color: #f5f4ef !important; }\n.tablefadeafter { background: linear-gradient(to bottom, rgba(255, 255, 255, 0) 0%, rgba(255, 255, 255, 1) 100%); width: 100%; height: 10rem; margin-top: -10rem; margin-bottom: 4rem; position: relative; pointer-events: none; }\n.tablefade img { min-width: 96px; min-height: 53px; }\n\n.tablefade-filtered { max-height: 500px; width: 100%; overflow-x: auto; overflow-y: auto; }\n.tablefade-filtered .luna-table { position: relative; border-left: none !important; }\n.tablefade-filtered th:first-child, .tablefade-filtered td:first-child { position: sticky; left: 0; background: #ffffff; border-left: 1px solid #d4d3ce; z-index: 2; }\n.tablefade-filtered .luna-table td { vertical-align: middle; }\n.tablefade-filtered tbody tr:hover td { background-color: #f5f4ef !important; }\n.tablefadeafter-filtered { background: linear-gradient(to bottom, rgba(255, 255, 255, 0) 0%, rgba(255, 255, 255, 1) 100%); width: 100%; height: 3rem; margin-top: -3rem; margin-bottom: 4rem; position: relative; pointer-events: none; z-index: 5; }\n\n.lightbox { display: none; position: fixed; z-index: 9999; left: 0; top: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.8); }\n.lightbox img { display: block; max-width: 90%; max-height: 90%; margin: auto; position: absolute; top: 50%; left: 50%; transform: translate(-50%, -50%); }\n<\/style>\n\n                    \n    \n\n<div id=\"lightbox\" class=\"lightbox\" onclick=\"closeLightbox()\">\n  <img decoding=\"async\" id=\"lightbox-img\" src=\"\" alt=\"Expanded Finder Badge\" loading=\"lazy\">\n<\/div>\n\n<script>\n  function openLightbox(event, imageUrl) {\n    event.preventDefault();\n    const lb = document.getElementById('lightbox');\n    const lbImg = document.getElementById('lightbox-img');\n    if(lb && lbImg) {\n        lbImg.src = imageUrl;\n        lb.style.display = \"block\";\n    }\n  }\n  function closeLightbox() {\n    const lb = document.getElementById('lightbox');\n    if(lb) lb.style.display = \"none\";\n  }\n<\/script><h3>Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">What makes Algbra different from other digital banks?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Algbra is committed to ethical banking. It donates to and supports various environmental charities and projects. Algbra also provides its customers with tools to do the same on its app. For example, its carbon emissions tracker tool.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">What is value-based finance?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Value-based finance is all about managing how you spend money to be more ethical. For example, not investing in corporations that emit a lot of fossil fuels. Algbra tracks your carbon emissions and houses your money in ethical industries. This makes your finances safer for the environment and society.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">How does Algbra track carbon emissions?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Algbra combines data gathered from transactions, merchants and businesses and uses an algorithm to estimate the carbon footprint of every payment.<\/div>\n  <\/div>\n<\/li><\/ul><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\">We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms \"best\", \"top\", \"cheap\" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our <a href=\"https:\/\/www.finder.com\/uk\/terms-of-use\" class=\"fin-text-navy\">terms of use<\/a>. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.<\/div><\/article>","protected":false},"excerpt":{"rendered":"<p>Algbra\u2019s payment platform provides an ethical banking alternative for eco-conscious customers.<\/p>\n","protected":false},"author":1329,"featured_media":498409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[3763],"tags":[],"asset_tag":[],"class_list":["post-501736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-accounts"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - 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