Getting Started

The Six Categories

Pro Kit sorts every provider into six categories, from current accounts to money transfers. What each one covers and what the provider type badges mean.

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Every provider in Pro Kit sits in one category, and each category has its own tab on the Financial options page. The number on each tab is how many providers are in it.

Current Accounts

Accounts for everyday banking: getting paid, paying bills and spending with a card. Many are e-money accounts from electronic money institutions (EMIs) registered with the FCA.

Savings

Places to save, such as credit unions, building societies and savings apps.

Phone Contracts

Mobile networks and providers, for SIM-only, pay monthly and pay as you go.

Car Finance

Finance providers and brokers, and car subscription services where you pay monthly to use a car.

Insurance

Insurers and insurance brokers, for cover such as car, home and travel insurance.

Transfers

Money transfer and payment services for sending money at home or abroad. Many are payment institutions registered with the FCA.

Provider type badges

Each card has a small badge saying what kind of firm the provider is:

  • EMI: an electronic money institution, authorised or registered by the FCA to issue e-money accounts
  • EMI Agent: a firm that provides accounts on behalf of an EMI
  • Payment: a payment institution, such as a money transfer service
  • Credit Union and Building Society: member-owned savings and lending organisations
  • Broker: a firm that finds products from other providers
  • Insurer: an insurance company
  • Network and Mobile: mobile phone networks and providers
  • Subscription: a car subscription service
  • Provider: any other kind of firm

The badge's colour matches the provider's CIFAS stance.

A category's tab only appears when it has providers in it. If a tab is missing, there are no listings in that category at the moment.

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CIFAS Marker?
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Banks, savings, phone contracts and more for people with CIFAS markers, checked every week. £3.99/month. Cancel anytime.

ADVICIFAS Pro Kit: financial options for people with CIFAS markers

Frequently Asked Questions

A bank holds your money as a deposit. An EMI (electronic money institution) holds it as e-money, which it must keep separate from its own funds (known as safeguarding). Both can give you an account number, sort code and card, but e-money isn't covered by the Financial Services Compensation Scheme (FSCS) in the way bank deposits are.
EMIs must safeguard your money, so it's kept apart from the firm's own funds. It isn't protected by the FSCS, though, so if you plan to keep larger savings, a bank, building society or credit union deposit that is FSCS-protected may suit you better. Check with the provider before you open an account.
Tabs only appear for categories that have providers listed at the time. The For You and All tabs always show.

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