Will I get a personal banking account?

Whilst Tally is not a bank, a Tally Account functions in the same familiar way as traditional bank accounts for making and receiving payments. Money in a Tally Account is not fiat currency and is not covered by the FSCS. The entire (uncapped) balance in your Tally Account is protected by a security trustee structure with FCA-licensed Woodside Corporate Services Ltd (FCA No. 467652).