What is the best bank in the UK?

There's no single "best" bank in the UK, as it depends on your needs, but Monzo, Starling Bank, and First Direct consistently rank high for customer satisfaction and digital features, while Nationwide (a building society) offers a strong mutual model, and HSBC/First Direct often have top switching bonuses, with Chase excelling in cashback, making your choice reliant on priorities like app convenience, rewards, or traditional service.

Which is the most powerful bank in the UK?

• HSBC Holdings. HSBC is one of the largest banking and financial services organisations in the world. ...
• Barclays. Barclays is a British multinational investment bank and financial services company. ...
• Lloyds. ...
• NatWest Group. ...
• Standard Chartered. ...
• Santander UK. ...
• Nationwide Building Society. ...
• TSB Bank.

What are the top 5 best banks?

What are the top 10 banks in the United States?

• Chase Bank.
• Bank of America.
• Citibank.
• Wells Fargo.
• U.S. Bank.
• Capital One.
• Goldman Sachs.
• PNC Bank.

Which bank is better, HSBC or Barclays?

HSBC is marginally cheaper with a fee of 2.75%,3 whereas if you use your Barclaycard abroad you'll pay 2.99% of the transaction amount. If you have the HSBC Global Money account, there are no foreign transaction fees to pay. Limits for spending and cash withdrawals are the same as in the UK, for both banks.

Is Santander or HSBC better?

Quick look: HSBC vs Santander features

Takeaway: HSBC Kinetic is simpler and fully app-based, while Santander's Classic account is better for businesses that value in-branch service and traditional banking access.

The best bank accounts 2026 (UK)

What is the hardest bank to get?

The numbers suggest that Morgan Stanley's acceptance rate for students was a miniscule 0.43% in EMEA, twice as competitive as Goldman Sachs and almost four times tougher than Citigroup's 1.58%. By comparison, the easiest global program to get into was Bank of America's.

Which bank is better, Lloyds or HSBC?

So which is better - Lloyds or HSBC? It all depends what you're looking for in a bank and account, but Lloyds and HSBC have a pretty similar offer. Both offer online and mobile banking, a wide choice of accounts (including some with rewards and extra benefits) and robust security and protection for your money.

Which bank is 100% safe?

Bank of Baroda (BoB) is considered a safe bank primarily due to its public sector status, government backing, and strong regulatory oversight.

What bank do most millionaires use?

9 of The Best Banks For High Net Worth Individuals

• TD Bank. ...
• JP Morgan. ...
• Chase. ...
• Wells Fargo. ...
• Bank of America. ...
• HSBC. ...
• Morgan Stanley. ...
• PNC. PNC's Private Bank serves high net worth individuals and families with at least $1 million in investable assets.

What's the worst rated bank?

The 7 Worst Banks in America:

• Silicon Valley Bank. Until 2023, Silicon Valley Bank (SVB) was a regional bank in California that catered to the startup and tech community, to the tune of $200 billion in assets. ...
• Bank of America. ...
• Credit One Bank. ...
• Wells Fargo. ...
• U.S. Bank. ...
• Fifth Third Bank. ...
• PNC Bank. ...
• 2 of the Best Banks:

What is the 2/3/4 rule?

The 2/3/4 rule: According to this rule, applicants are limited to two new cards in 30 days, three new cards in 12 months and four new cards in 24 months. The six-month or one-year rule: Some credit card issuers may let borrowers open a new credit card account only once every six months or once a year.

Which banks are at most risk?

Seven of the 33 banks with more than $100 billion in assets are above the threshold. The Bank of New York Mellon has a 100% ratio of uninsured deposits, followed by State Street Bank, 92.6%; Northern Trust, 73.9%; Citibank, 72.5%; HSBC Bank, 69.8%; J.P Morgan Chase, 51.7% and U.S. Bank, 50.4%.

Which bank will never fail?

RBI has declared SBI, HDFC, and ICICI as the safest banks. These banks have the status of D-SIB, meaning 'Systemically Important' banks. Due to their significant impact on the country's economy, their failure is considered impossible. CET1 capital allows these banks to maintain stability even during crises.

What is Martin Lewis saying about Santander?

Martin Lewis frequently discusses Santander, often highlighting specific products like the Edge account for its bill cashback and travel perks (like railcards for youth) but also reporting on significant rate cuts and account changes, such as axing spending cashback on Edge accounts in late 2025 and closing branches, while also promoting timely offers and switch bonuses for new customers, advising users to act fast for best rates.

Is Santander owned by HSBC?

Santander UK plc (UK: /ˌsæntənˈdɛər, -tæn-/, US: /ˌsɑːntɑːnˈdɛər/) is a British bank, wholly owned by Banco Santander, a Spanish bank. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance.