We pride ourselves on the quality of our service but recognise that, on occasions, things can go wrong. If you are unhappy with any aspect of our service, then we would like to know about it. We value feedback from customer as it augments our ongoing assurance processes and provides us with data that we can analyse to identify root causes of complaint in the first place thus enabling us to take appropriate steps to prevent this recurring in the future.
Set out below are details of the volumes of complaints reported to the Financial Conduct Authority (FCA) in our last reporting period. To see how Secure Trust Bank and other firms performed previously, please see the FCA's complaints data table.
Firm Name: Secure Trust Bank
Group: Secure Trust Bank PLC
Other firms included in this reporting (if any): None
Period covered in this report: 1 Jan 2026 to 30 June 2026
Brands/trading names covered: Secure Trust Bank PLC, Moneyway, V12 Retail Finance, V12 Vehicle Finance, V12VF, AppToPay, V12 Season Ticket Finance.
| Number of complaints opened by volume of business | ||||||||
|---|---|---|---|---|---|---|---|---|
| Product/ Service grouping | Provision (at reporting period end date) | Intermediation (within the reporting period) | Number of complaints opened | Number of complaints closed | Complaints closed within 3 days (%) | Complaints closed after 3 days but within 8 weeks (%) | Closed complaints upheld by firm (%) * | Main cause of complaint opened |
| Banking and credit cards | 3.22 per 1,000 accounts | 328 | 334 | 5.09% | 94.01% | 30.54% | General admin/ customer service. |
|
| Home finance | ||||||||
| Insurance and pure protection | ||||||||
| Decumulation, life and pensions | ||||||||
| Investments | ||||||||
| Credit-related | 17.47 per 1000 accounts/ loans | 22,501 | 3,670 | N/A | N/A | 36.46% | N/A | |
*This is where we have agreed with the customer that their complaint was justified either in whole or in part.
To put the above figures into context:
- Our 328 Banking complaints have resulted from 101,874 live accounts which equates to 3.22 complaints per 1000 customer accounts.
- We received 0 new Home Finance complaints during the reporting period.
- No new Insurance & Pure Protection complaints were received during the reporting period.
- Our Credit related complaints have resulted from 1,287,792 live agreements/accounts which equates to 17.47 complaints per 1000 accounts. Like many motor finance lenders, we have seen a significant increase in complaints relating to motor finance commission.
Complaints Procedure
For information on how we deal with complaints please see our complaints procedure.