Top 10 Best UK Bank List 2018 Ranking
Top 10 Best UK Bank List 2018 Ranking
As all of us have some activity with banks, it’s important to know about UK bank list that’ll show the strong points of the banks. Besides, the bank needs differ from one another. For example, some are looking for one that doesn’t charge through the nose to use an overdraft where others with a healthy balance may want to find an account that pays them interest. As a result, you should be an essential part of finding the UK best bank account at the way your bank treats. This is because we’ve done the hard work for you so that you can get the list of banks in the UK to choose the perfect one from.
Overview of UK Bank List 2018 Ranking
Making it the biggest banking system in Europe and the fourth largest in the world, there are 300 banks in the UK. You’ll find different branches of the UK banking system in the UK bank list. And the money goes to the stock and bond markets because they invest there. Besides, the outlook for banks in the UK is negative, due to uncertainties brought about by the post-Brexit vote, according to Moody’s.
Who are the best in the UK Bank List in 2018?
If you want to see how real customers have put the rate dozens of banks, simply scroll down. Because we’ve selected only top 10 banks in UK, all banks are not in this list. Let’s see who the best banks in the UK Bank List are in 2018.
Here is the UK bank list
- HSBC Bank
- Yorkshire Bank
- Metro Bank
- Silicon Valley Bank
- Royal Bank of Scotland
- The Co-operative Bank
- M&S Bank
- Bank of Scotland
- Bank of Cyprus UK
The banking system of HSBC provides a wide range of services for business banking and different type of accounts. If you want to discuss your business’ needs in detail, there are business specialists in all branches are available. Also, the business specialists provide finance and improving cash flow or borrowing for business expansions. With telephone, mobile and online business banking, it offers free start-up business banking for up to 18 months for its clients. In addition, it provides finance and borrowing to fund your expansion or improve cash flow along with business guidance to start trading overseas. So, these all made it the best banks in the UK Bank List at the top.
2. Yorkshire Bank
This is one of the banks with a long banking tradition in the UK going back to the mid-1800s, the Yorkshire Bank. For their reliability in business and personal banking and grown a network of 182 retail branches they became well known over the time. For day to day banking, their offers highlight is the 25 months. It means that they don’t take any service charges or account fee for a bit more than two years. Moreover, the direct debit, cash deposits, and withdrawals are up to the limit of £250.000 yearly, which is great for the clients.
3. Metro Bank
It has been designed specifically for new businesses and start-ups with a turnover of below £2m because Metro Bank’s business bank account is a current account. It’s also for day-to-day banking solutions primarily. Moreover, the bank not only is available days a week but it’s a 24/7 UK-based telephone banking with a local Business Manager with the highest security. The bank lets them take the hassle out of moving your existing bank account with an Award-winning account switching service. Here it’s fast and hassle-free to open an account along with a straightforward and transparent pricing.
4. Silicon Valley Bank
This is known for finding and banking some of the world’s most successful startups early on with a 7.5 billion behemoth. It’s the Silicon Valley Bank (SVB). At an early stage with traction and potential, they take a keen interest in technology businesses. With a good range of lending options and banking option, the bank has a strong business in the UK. SVB really has the investment to help your business grow if you’re looking for management, financial and lots of other useful advice. Moreover, the bank has access to a killer network of investors. As a result, they can put you in touch with a range of lending options that cater for right through the business.
5. Royal Bank of Scotland
Royal Bank of Scotland (RBS) offers a start-up package that comes with free benefits of up to £800 for their customers. They support their customers with online and mobile banking.
6. The Co-operative Bank
Here is the Co-operative Bank to be a Recommending Provider because it’s narrowly missing out last year. Their clients are particularly overcome with the online banking service and communication. Although it’s by no means the most expensive, it’s a better bank when you need to overdraft frequently. However, ‘Everyday Rewards’ which can add for free to any account except Cashminder, smile, Pathfinder, and Student, which is one of the Co-op Bank’s stand-out features. Moreover, if you spend on your Co-op debit card, there is an extra £1.50 is up for grabs.
TSB was eligible to be a Recommending Provider With a customer score of 72%. The products and practices of all bank the right to exclude that doesn’t treat its customers comparatively. It has led to chaos for its customers and an increase in fraud attempts, following the recent IT migration. With its IT system and online banking, it’s doing more to resolve ongoing clients’ issues.
8. M&S Bank
Because of the telephone banking and branch service, the customers gave M&S Bank five stars ranking. The bank’s highest score is of all the banks on our list with a minimum overdraft of £500. Also, it has 85% of the main current account has a product score. You earn an extra £5 each calendar month when you pay in £1,000 for 12 months following the switch, and keep two direct debits active. However, you should consider a package-account that offers insurance instead of that money.
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9. Bank of Scotland
A wide range of support and services are obtainable by the Bank of Scotland to it clients. Also, there is a fanatical Business Management Team to guide you for any type of business concern. An account is an 18-month free business banking period, which is one of the best perks associated with this. Also, you can access your account online along with a free one-month trial of their business toolbox.
10. Bank of Cyprus UK
It’s known for their flexible banking solutions for small businesses across the UK with the Bank of Cyprus. With their 24/7 Online Banking services, the bank manages your finances whenever it suits you. You can use it twice per 24 hours from any ATM because VISA debit card is available.