Some banks have upped their switching incentives – NatWest and RSB both pay £150 to new and existing customers that switch to their current accounts and stay for a year, and HSBC pays out £175 if you switch to its Advance and Premier bank accounts. Scroll through the table to see how real customers have rated dozens of banks and building societies.

offers detailed reviews of bank accounts in our guide to the best and worst banks. There are approximately 350 banks in the United Kingdom (including 160 foreign deposit taking institutions) as well as 47 building societies who have permission to accept deposits. This has been CFI’s guide to the top banks in the UK. How to find boiler cover for your buy to let, choose and apply for an internet bank account. HSBC Holdings plc is the largest bank in the UK by assets and market capitalization. * Data as of September 30, 2019.Note: Virgin Money UK plc was formerly known as CYBG plc. Here is our list of the largest and best banks in the UK in terms of total assets. Britain’s largest building society, Nationwide, has been a current account Recommended Provider for five surveys on the trot. Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.9% APR/EAR variable. What is the difference between Visa and MasterCard? See also: Tesco Bank, Atom Bank, Monzo Bank, Monese Ltd, Revolut, Tandem Bank, Smile, Banking in the UK, Foreign Banks, Building Societies. It also offers a top-scoring packaged account called FlexPlus. As of 2016, the bank’s total assets amounted to US$28 billion and net income reached US$676 million. At the other end of the spectrum, Halifax, Barclays and RBS suffered the biggest loss of bank account customers.

For example, if you only want to spend a certain amount of dining out every month. By continuing to browse you consent to our use of cookies.

's rating for customer satisfaction, based on feedback from real customers. HSBC was founded in 1880 and is headquartered in London. App based banking, or digital banking, is a recent and growing trend where the bank has no physical branches that you can visit. The bank employs around 19,500 individuals.

Get the latest coronovirus updates from Which. Global Finance named Standard Chartered “Best Consumer Digital Bank”. It operates through Retail Banking, Commercial Banking, and Global Corporate Banking segments. Though this is not legally required, many banks often use this information to provide you with offers about other products and services in the future, such as credit cards. The table also includes star ratings for ten elements of the banks' service: overall customer service; the application process;  regularity and clarity of communication; transparency of charges; dealing with complaints and resolving problems; service in branch; telephone, online and mobile banking; and benefits such as cashback and credit interest. The bank employs around 70,000 individuals. In 2016, the bank reported total assets of US$276 billion and posted a net income of US$1.3 billion. Sample sizes for our survey as follows: First Direct - 150, Starling Bank - 42, Monzo Bank - 128, Nationwide Building Society - 433, M&S Bank - 53,Metro Bank - 47,Co-operative Bank - 90, Halifax - 470, Barclays - 626, Santander - 493, Lloyds Bank - 552, NatWest - 493, Yorkshire Bank - 48, HSBC - 391, Danske Bank - 46, TSB - 175, Bank of Scotland - 100, Clydesdale Bank - 56, Royal Bank of Scotland (RBS) - 142, Tesco Bank - 60, Ulster Bank - 41.