What are the biggest banks in the UK to open accounts?

Did you ever send money to India through a bank in the UK? In this piece, we will take a look at the top ten largest retail banks in the United Kingdom to help readers have a better idea about the banks to access and open accounts for different purposes, including sending money to the Philippines.

HSBC Holdings:- Founded in 1880, it is based in London and has employed about 85,000 individuals. It manages 511 branches across the United Kingdom with eight other branches in the Isle of Man and the Channel Islands. It provides retail banking, wealth management and commercial banking etc. Its net income in the year 2020 was 5.23 billion USD and total assets 2.96 trillion USD.

Barclay’s PLC:- Founded in 1690, it is based in London and has employed about 83,000 individuals. This bank provides retail banking, credit cards, wholesale banking, investment banking and investment management services. Its net income in the year 2020 was 2.38 billion GBP and total assets 1.38 trillion as of March 2021.

Royal Bank of Scotland:- Founded in 1695, it is based in Edinburgh and employs around 27,000 individuals. It provides Personal and Business Banking, Commercial Banking and Private Banking etc. Its net income in the year 2020 was 913 million GBP and total assets 310.3 billion GBP.

Lloyds Banking Group:- Founded in 1695, it is based in London and is one of the oldest banks in the United Kingdom. It employs around 61,000 individuals. It provides banking and financial services to individual and business customers in the UK and abroad under the Lloyds Bank, Halifax, and Bank of Scotland and Scottish Widows branches. Its net income in 2020 was 1.32 billion GBP and total assets 869.50 billion GBP as of March 2021. Money transfer to India through a bank is now getting advance due to latest technology.

Standard Chartered PLC:- Established in 1893, it is based in London and employs about 82,000 individuals. It has 1,026 branches across the UK and 13 branches in the Isle of Man and the Channel Islands. It provides corporate and institutional banking, retail banking and commercial banking etc. Its net income in 2020 was 724 million USD and total assets 804.90 billion USD as of March 2021.

Santander UK:- Founded in 1988, it is based in London and employs about 21,600 individuals. It manages a wide network of 841 branches spread across the United Kingdom with 67 corporate business centres. It provides retail banking, commercial banking and Global Corporate Banking segments. Its net income in 2020 was 452 million GBP and total assets 287.6 billion GBP as of March 2021.

Nationwide Building Society:- Founded in 1846, it is based in Swindon and employs about 13,000 staff. It provides retail as well as commercial banking and also provides current and savings account, ISA account, project finance, commercial real estate loans etc. Its net income as of March 2021 was 618 million GBP and total assets 254.91 billion GBP as of March 2021. Do you know why people send money to India online through reputed companies like ACE? Because ACE offers money transfers to India in banks and in mobile wallets.

Schroders:- Established in 1804, the bank is headquartered in London and employs around 5,000 individuals. It manages its 41 offices in 27 countries in Europe, America, Asia, Africa and the Middle East. It provides retail banking and wealth management, commercial banking and global banking and markets etc. Its net income in the year 2020 was 486 million GBP and total assets 574.4 billion GBP.

Close Brothers:- Founded in 1920, it is based in London. It employs around 3,000 staff. It provides retail banking, commercial banking and property divisions. Its net income in the year 2020 was 109.5 million GBP and total assets 11.1 billion GBP.

Coventry Building Society:- It is based in London and employs around 2,700 staff It offers a wide range of building and financial services, including financial planning services, mortgages, investment services, savings products, etc. Its net income in the year 2020 was 101.4 million GBP and total assets 51.5 billion GBP.

Conclusion:- This article provides a brief insight into the top ten biggest banks across the United Kingdom. For details, you can visit the official sites of the banks of your choice and preference. Help could also be sought from ACE for you to reach a better conclusion. Online money transfer to India or another country is now a task of few clicks from your comfort zone using the ACE money transfer mobile application.