Top 10 Banks in Britain .. Your Full Guide 2024
In this post, I’ll be guiding you through the top 10 banks in the UK. Whether you’re an investor, saver or just curious about the UK banking sector, this will definitely be insightful for you!
It’s exciting to note that British banks are leading the world in Cross-Border Lending — essentially, they excel at providing loans beyond the country’s boundaries. As an investor, saver, or just someone curious about the banking sector, you’d find these details incredibly helpful when considering options.
An overview of best banks in the UK
The UK financial system has four significant parts, each offering various services and catering to different clients.
- The Bank of England also known as the Central Bank of the UK.
- Retail banks or High Street Banks. These banks serve a wide range of customers and clients and have branches all across the country. Their ubiquitous presence is one of their defining characteristics.
- Business Banks provide services related to various enterprises and their needs.
- Investment Banks cater to customers who want to invest their funds. They provide investment services like investing in company stocks and bonds, for individuals and businesses alike.
List Of Top 10 Banks In Britain
There are several excellent banking options in the UK. What sets some banks apart could include service offerings, nationwide reach, or customer preference. Here are the top 10 banks in the UK:
- HSBC
- Lloyds Bank
- The Royal Bank of Scotland Group
- Barclays Bank
- Standard Chartered Bank
- Santander UK Bank
- Halifax
- Metro Bank
- Revolut
- Coventry Building Society Banking Corporation
Over the years, these banks have shown consistency and adaptability through various changes in the banking sector.
HSBC UK Bank
HSBC, one of the ‘big four’ UK banks, enjoys a vast branch network across the nation. What sets HSBC apart is its significant global footprint. If you already bank with HSBC in your home country, they could potentially assist you in setting up an account in the UK prior to your arrival.
HSBC provides current, savings, and foreign currency accounts, alongside credit cards, mortgages, and insurance products. For day-to-day banking, you could opt for a Basic Bank Account or the Advance Account that comes equipped with extra features. It’s an all-round bank with both domestic and international services.
