Whose name is the bank account in

Yours. The deposit account is opened at the bank you chose in your own name, and we handle the paperwork with the bank on your behalf.

That is the central point of this product and it is the reason the process starts with an adviser call and an application rather than a single click — a bank cannot open an account for you without the steps that come with it.

It is also why the money arrives at the bank by SEPA transfer from you, against an invoice carrying your own reference number, rather than moving out of your Algora balance.