The Most Popular Bank in the UK, Ranked
Voting rules: Choose the bank you think is the most popular!
Updated on Apr 30, 2024 06:29
Deciding on the right bank can greatly influence your financial health and daily convenience, impacting everything from the fees you pay to the quality of customer service you receive. Knowing which banks are favored by others can provide valuable insights, helping to inform your choices. This is why ranking the most popular bank in the UK can be a great tool for individuals and businesses alike, guiding them towards making a well-informed decision.
By participating in the voting process, you contribute to a clearer picture of which banks meet the needs and expectations of their customers. Your vote helps determine the ranking, offering a real-time reflection of public opinion. This dynamic list not only aids in choosing where to bank but also encourages banks to continually improve their services and compete for customer satisfaction.
What Is the Most Popular Bank in the UK?
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171votesLloyds Bank is the largest retail bank in the UK, with over 30 million customers. It offers a range of financial services, including personal banking, mortgages, and insurance.Lloyds Bank is one of the largest retail banks in the United Kingdom, providing a wide range of financial services to personal and business customers. With a rich history dating back to 1765, Lloyds Bank has established itself as a trusted and familiar brand in the UK banking sector.
- Headquarters: London, United Kingdom
- Industry: Banking, Financial Services
- Founded: 1765
- Website: https://www.lloydsbank.com
- Number of Branches: approximately 1,000
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225votesBarclays is one of the largest banks in the UK, with over 24 million customers. It provides a range of services, including personal banking, mortgages, and insurance.Barclays is a well-known British multinational financial institution that provides various banking and financial services. It offers retail and commercial banking, investment banking, wealth management, and credit card services.
- Headquarters: London, United Kingdom
- Founded: 1690
- Number of Employees: 83,500 (2021)
- Total Assets: £1.494 trillion (2020)
- Revenue: £21.8 billion (2020)
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333votesNatWest is a major UK retail bank, with over 14 million customers. It offers a range of services, including personal banking, mortgages, and insurance.NatWest is one of the largest and most popular banks in the United Kingdom, providing a wide range of financial services to individuals, businesses, and corporations. It offers various banking products such as current accounts, savings accounts, loans, mortgages, credit cards, and investment services.
- Established: 1968
- Headquarters: London, United Kingdom
- Parent Company: The Royal Bank of Scotland Group
- Branches: Approximately 900 branches
- ATMs: Over 3,500 ATMs
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415votesHSBC is one of the largest banks in the world, with a presence in over 60 countries. It provides a range of services, including personal banking, mortgages, and insurance.HSBC (Hongkong and Shanghai Banking Corporation) is a multinational banking and financial services company based in London, United Kingdom. It is one of the largest banking and financial organizations globally, serving millions of customers worldwide. HSBC provides a wide range of banking services, including personal and business banking, wealth management, and corporate banking.
- Headquarters: London, United Kingdom
- Founded: 1865
- Industry: Banking, Financial services
- Total Assets: USD 2.715 trillion (2019)
- Number of Employees: 235,175 (2019)
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515votesSantander is a major UK retail bank, with over 14 million customers. It offers a range of services, including personal banking, mortgages, and insurance.Santander is a renowned bank in the UK that provides a wide range of banking services to individuals and businesses. It operates as a subsidiary of the Spanish Santander Group, one of the largest banking institutions in the world. Santander UK was established in 2010 following the merger of Abbey National plc, Bradford & Bingley plc, and Alliance & Leicester plc.
- Headquarters: London, United Kingdom
- Founded: 2010
- Number of branches: approximately 800
- Services: Retail banking, commercial banking, investment banking, insurance, mortgages, loans
- Total assets: £330 billion (as of 2020)
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69votesNationwide is a building society that provides a range of financial services, including personal banking, mortgages, and insurance. It has over 16 million members.Nationwide is a well-known auto insurance provider in the United States. It offers various insurance products and services to protect vehicles and provide financial security to policyholders. Nationwide aims to provide reliable coverage, excellent customer service, and competitive pricing.
- Founded: 1926
- Headquarters: Columbus, Ohio
- Coverage Options: Auto insurance, homeowners insurance, renters insurance, motorcycle insurance, RV insurance, boat insurance, and more
- Market Presence: Nationwide coverage in the United States
- Financial Strength: A+ (Superior) rating by A.M. Best
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78votesThe Royal Bank of Scotland is a major UK retail bank, with over 5 million customers. It offers a range of services, including personal banking, mortgages, and insurance.The Royal Bank of Scotland (RBS) is one of the most popular banks in the United Kingdom. It is a retail and commercial bank, providing a wide range of financial services to individuals, businesses, and institutions. RBS has a significant presence in Scotland, England, and Wales, and also operates internationally. It offers various banking products, including personal and business accounts, loans, mortgages, investments, and insurance services.
- Founded: 31 May 1727
- Headquarters: Edinburgh, Scotland
- CEO: Alison Rose
- Number of Employees: approx. 70,000
- Total Assets: £721.3 billion (as of 2020)
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82votesTSB is a UK retail bank, with over 5 million customers. It provides a range of services, including personal banking, mortgages, and insurance.TSB is a popular bank in the UK that provides a wide range of banking services to individuals and businesses. It was originally established in 1810 as the Trustee Savings Bank and has since undergone several ownership changes. TSB is now part of the Sabadell Group, a Spanish banking group based in Barcelona.
- Headquarters: London, England
- Number of branches: 550+
- Number of ATMs: approx. 1,800
- Number of employees: 8,000+
- Products: Current accounts, savings accounts, mortgages, loans, credit cards
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93votesThe Co-operative Bank is a UK retail bank, with over 4 million customers. It offers a range of services, including personal banking, mortgages, and insurance.The Co-operative Bank is a retail and commercial bank in the United Kingdom, known for its ethical approach to banking. It was founded in 1872 as a mutual organization by the Co-operative Wholesale Society (CWS), a federation of co-operative retailers. The bank has a strong focus on supporting communities and socially responsible practices.
- Number of branches: 50 branches (as of 2021)
- Year founded: 1872
- Type: Retail and commercial bank
- Ethical approach: The bank follows a strong ethical policy and supports socially responsible practices.
- Ownership: Originally a mutual organization, it later became a PLC (Public Limited Company).
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102votes
Thunderwing at English Wikipedia · Public domainClydesdale Bank
Thomas GlendinningClydesdale Bank is a UK retail bank, with over 2 million customers. It provides a range of services, including personal banking, mortgages, and insurance.Clydesdale Bank is a popular bank in the United Kingdom that provides a range of financial services to individuals and businesses.- Established: 1838
- Headquarters: Glasgow, Scotland
- Ownership: Public Limited Company
- Parent Company: Virgin Money UK PLC
- Number of Branches: 150
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Ranking factors for popular bank
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Number of customersThe more customers a bank has, the more popular it is likely to be. This can be a reflection of the bank's reputation, the convenience of its services, or its marketing efforts.
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Customer satisfactionA high level of customer satisfaction indicates that the bank is meeting or exceeding its customers' expectations. This can be measured through customer ratings and reviews, feedback surveys, and industry awards for excellence in customer service.
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Market shareThe bank's market share in the UK can be judged by its share of total banking assets, deposits, and loans. A larger market share can be an indicator of a bank's popularity and competitiveness.
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Branch and ATM networkConvenience is an essential factor for many customers in choosing a bank. A wide network of branches and ATMs can be a sign of a bank's popularity.
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Digital services and technologyA bank's online and mobile banking services can be an indicator of its popularity, particularly among younger customers. Banks that invest in digital innovation and technology may be seen as more attractive and user-friendly.
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Interest rates, fees, and chargesCompetitive interest rates on loans, mortgages, and savings, as well as low fees for services and transactions, can influence a bank's popularity. The terms and conditions of a bank's products can make it more appealing to potential customers.
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Range of products and servicesA broad range of banking products and services, including current and savings accounts, credit cards, mortgages, loans, and investment products, can make a bank more popular among different customer segments.
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Reputation and brand valueA bank's reputation and recognition in the market can affect its popularity. A strong brand and positive public perception can attract more customers and help retain existing ones.
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Financial stabilityCustomers want to bank with an institution that they believe is secure and financially healthy. A bank's performance, credit rating, and regulatory compliance can be indicators of its financial stability.
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Corporate social responsibility and ethical lendingSome customers may be drawn to banks that demonstrate a commitment to environmental sustainability, fair lending practices, and community initiatives. Banks that take these factors into account may be considered to be more popular and responsible.
About this ranking
This is a community-based ranking of the most popular bank in the UK. We do our best to provide fair voting, but it is not intended to be exhaustive. So if you notice something or Bank is missing, feel free to help improve the ranking!
Statistics
- 1874 views
- 182 votes
- 10 ranked items
Voting Rules
A participant may cast an up or down vote for each Bank once every 24 hours. The rank of each Bank is then calculated from the weighted sum of all up and down votes.
More information on most popular bank in the uk
Background Information: UK's Most Popular Banks
The United Kingdom has a highly developed banking system, with a large number of banks offering a wide range of financial services. From traditional high street banks to online-only banks, there are plenty of options for consumers to choose from. However, when it comes to popularity, a few banks stand out from the rest.
According to recent surveys and polls, the most popular bank in the UK is currently Santander. With over 14 million customers, Santander is a major player in the UK banking market. It offers a range of products and services, including current accounts, savings accounts, mortgages, loans, and credit cards.
Other popular banks in the UK include Lloyds Bank, Barclays, and HSBC. Lloyds Bank is one of the largest retail banks in the UK, with over 30 million customers. It offers a range of personal and business banking services, including current accounts, savings accounts, mortgages, loans, and credit cards.
Barclays is another major UK bank, with over 24 million customers. It offers a range of financial products and services, including current accounts, savings accounts, mortgages, loans, and credit cards. HSBC is also a popular choice for UK consumers, with over 17 million customers. It offers a range of financial products and services, including current accounts, savings accounts, mortgages, loans, and credit cards.
Overall, the UK's banking market is highly competitive, with a large number of banks offering a wide range of services. However, when it comes to
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