Banks in United Kingdom
Last verified: · Sources: Source Policy
UK banking is regulated nationally by the FCA and PRA, so the same rules apply across all four nations. What differs is branch networks, regional banks, and Scottish and Northern Irish banknote issuance.
| Item | Detail |
|---|---|
| Currency | GBP |
| Regulator | FCA / PRA |
| Deposit protection | 85,000 GBP per person, per authorised firm |
| Protection scheme | FSCS |
| Residency required | Required |
| Identity needed | National Insurance number |
| Regions covered | 4 |
Browse United Kingdom by nations and regions
Each page covers the local regulator, banks and credit unions with a real presence in the region, local rules and the exact steps to open an account.
National banks across United Kingdom
These operate nationwide, so your region does not restrict access to them.
Barclays
National bank
Full-service bank with extensive branch and app services.
HSBC UK
National bank
Strong for people with international connections.
Lloyds Bank
National bank
Widely available; straightforward current accounts.
NatWest
National bank
Popular for student and newcomer accounts.
Santander UK
National bank
Competitive current account perks on some tiers.
Digital banks
Monzo
Digital
Excellent budgeting tools. Full UK banking licence.
Starling Bank
Digital
Full licence, strong app, no monthly fee.
Revolut
Digital
Multi-currency focus; licensed differently to a full bank in some respects.
Wise
Digital
Best for currency conversion rather than day-to-day banking.
Chase UK
Digital
No-fee current account with cashback on spending.
Check the numbers before you borrow
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Sources and verification
UK banking supervision and deposit protection are administered by the PRA, FCA and the FSCS.
- FCA — Information for consumersFinancial Conduct Authority
- PRA — About the PRAPrudential Regulation Authority
- FSCS — Protection checkerFinancial Services Compensation Scheme
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