TSB Bank provides retail banking products and services to individuals, businesses and communities residing in the United Kingdom.
Due to regulatory requirements TSB Bank Plc performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual TSB Bank Plc will ask him/her to provide the following documents: passport, ID card, utility bill, employment details, income details. For corporate clients TSB Bank Plc will ask to provide corporate documentation as well as information about controlling persons. TSB Bank Plc may request additional documentation or information depending on the case.
TSB Bank Plc is the 22nd largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 41 138,60 mln GBP, providing the bank with the market share of 0.46%. In 2018 the bank's annual profit was -59,10 mln GBP.
TSB Bank Plc is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).
TSB Bank Plc participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. TSB Bank Plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
TSB Bank Plc is a member of Banco Sabadell (Spain).
TSB Bank Plc is headquartered in Edinburgh.
TSB Bank Plc is authorized and supervised by the Financial Conduct Authority (reference number 119278).