TSB Bank Plc

 (1.4; 9 ratings)
1.4 9

Business Focus

retail banking

TSB Bank provides retail banking products and services to individuals, businesses and communities residing in the United Kingdom.

Services

retail banking
business banking

Clients

individuals
companies

Area Served

GBUnited Kingdom

Products

current accounts
credit cards
savings accounts
time deposit accounts
ISA accounts
personal loans
car loans
mortgage loans

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
FasterPayments

See Also

Account Opening

Becoming a client of TSB Bank Plc can be done in a few steps:

1.
Submit online application
2.
Visit bank branch

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 or 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 performs client's identity verification via branch visit.

Ways to Bank

TSB Bank Plc delivers its products and services through both direct and indirect channels, namely:
branch
online banking
phone
mobile app

Financials

Total Assets of TSB Bank Plc
Annual_profit of TSB Bank Plc
Market Share of TSB Bank Plc
Total Assets (2019)
39,535.90 mln GBP  (-3.90%)
Annual Profit (2019)
21.90 mln GBP

TSB Bank Plc is the 22nd largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 39 535,90 mln GBP, providing the bank with the market share of 0.43%. In 2019 the bank's annual profit was 21,90 mln GBP.

Credit Ratings

Fitch: -
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: Baa1
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

TSB Bank Plc is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade).

Deposit Guarantee

Guarantee Fund
Financial Services Compensation Scheme (FSCS)Financial Services Compensation Scheme (FSCS)
Protected Amount
up to 85,000 GBP
Eligible Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

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).

Contacts

Henry Duncan House, 120 George Street, EH2 4LH, Edinburgh, United Kingdom
44 03459758758

TSB Bank Plc is headquartered in Edinburgh.

Bank Identifiers

BIC (SWIFT)
TSBSGB2AXXX
LEI
549300XP222MV7P3CC54
Company Number
SC095237
MFI ID
GB2665

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
119278

TSB Bank Plc is authorized and supervised by the Financial Conduct Authority (reference number 119278).

Bank History

Start Date
September 1985
Previous Name
Lloyds TSB Bank Scotland plc

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