There are more than 300 banks and more than 45 building societies in the
The Wide Branches of
UK Banking System Contains
- Business bank services for executives, they usually include additional fees and services charges.
- Enormous street banking services for the general public.
- Investment bank services to invest money in stock markets and bond markets.
As you know that a bank is such an institution which receives deposits, creates credit and makes loans. So, in this article, we will be discussing the top banks in the United Kingdom.
List of Best Banks in England | United Kingdom
- HSBC Holdings
- Lloyds Banking Group
- Royal Bank Of Scotland Group
- Standard Chartered
- Clydesdale Bank & Yorkshire Bank
- Bank of Scotland
- Bank of England
It is the largest bank in Europe while in the category of the largest banks in the world, it lies at number 7. it has a total asset of 1,936 billion pounds. This bank was first established in 1865 and has
HSBC was established in March 1865 in British Hong Kong and then in London in 1991.
HSBC Holdings has more than 3900 offices in 67 countries across America, Asia, Oceania, Europe and Africa. HSBC Holdings has an enormous banking network with 964 branches of banks in the UK and other 13 branches of banks in Isle of Man and the Channel Islands all around.
This works within 4 business groups which are:
- Commercial Banking
- Global Banking
- Investment Banking
- Retail Banking.
Lloyds Banking Group
This bank was established with
Lloyds Banking Group is the 2nd largest bank in the UK with an assets of 817 billion pounds.
This group started working with top nine universities of UK to provide scholarships to students in 2011. It’s total employees working at different offices range up to 75,000.
It has enormous banking roots in several countries in Asia, Middle East, Europe and US. The Lloyds Banking Group is organized in four major business groups; Retail Banking, Commercial Banking, Insurance Banking and Consumer finance.
Royal Bank of Scotland Group
Royal Bank of Scotland (RBS) was established in 1880 and its headquarter is in Edinburgh. It is commonly known as RBS group which offers a variety of financial services to its customers. Some of their major services are personal and digital business banking, insurance services and corporate finance.
It is the third largest bank in
It also issues banknotes in Scotland and Northern Ireland and it is the only bank in
Additionally, they have penetrated in market by offering different promotional offers. Consumers are easy to earn RBS rewards and utilize them according to their desires.
This bank was established in 1690. It is a multinational bank with it’s headquartering in London. It has its offices in 40 countries employing 120,000 employees. With an asset of 1,203 billion pounds, it comes at number 4th in the largest banks of UK.
It provides services in relation to wealth management, personal banking and insurance. It has its branches more than 4750 in different countries. Most of its branches provide 24 hours service of ATMs.
It is also a multinational bank founded in 1969
Standard Chartered is one of the largest networking services bank of UK, its headquarter is in London
Its assets are valued at 526 billion pounds. The biggest shareholder of sc is the Temasek Holdings owned by
Although its headquarter is in London but it does not operate retail banking services in UK. More than 90% of bank’s profit comes from Asia, Middle East and Africa. The bank assets valued at 526 billion pounds.
Clydesdale Bank & Yorkshire Bank
This bank was launched in 2016. It has its own B App which has a variety of options like B Currency and B Smart. B Currency provides you an opportunity to convert your money into another currency and that is for free. Isn’t it great? while B Smart helps to save money on electricity bills.
This bank offers an instant saving account, both with credit and debit cards on Android Pay, Apple Pay and Touch Id. You can visit its website – www.youandb.co.uk
It offers a current account and contactless Loot Mastercard® card. Different features are available on it to manage the money. It provides the option to send and receive money through faster payments. It has different budgeting and saving tools. This was launched in 2016. Its website is loot.io
Monese provides a 100% mobile current account. By downloading the app and following the instructions, one can make his account in minutes. All you have to provide is a photo of yourself and a passport or an ID card. There is no need to rush to a branch in person when all is set up in your phone. It supports 11 languages.
Monzo is available at your phone and it has a million of customers. It quickly transfers your money.
Santander bank, based in
From online and mobile banking to business banking, this bank serves the best. If you plan to invest then their financial advisors help you out to reach your goal. You can easily pay your bills and transfer your money through Chase Online.
This is a global award winning bank. It has its offices in 17 countries. It has 4,867 branches with a total asset of US$ 173 billion. A million of people are its customers in UK.
Its online services are available 24/7. The online banking makes money transferring and transaction, easy. Even if you leave UK, it will still provide its services to you. According to the latest survey, this has been recommended by 60% people.
Tesco bank has six million customers and it provides a variety of offers and services. You can call the support centre from anywhere in UK to resolve your problem at any time. At your phone, they are 24 hours available.
Bank of England
The central bank of UK is Bank of England. It was established in 1694. It is one of the oldest banks in the world. Its headquarters are in the city of London. This bank works with other institutions in relation to financial and monetary stability.
Bank of Scotland
It helps you with your bank account, credit card, and even mortgage. It is the oldest 5th bank in the UK. It is one of those first banks who printed their own bank notes in the UK.
It has up to 20,000 employees in different offices. It offers a secure mobile application with which you can easily pay bills and funds. It keeps the history of your transactions and you can complain if any inconvenience occurs.