Scottish Widows Bank plc

 (3.7; 6 ratings)
3.7 6
Business Focus
retail banking

Incorporated in 1994, Scottish Widows Bank is a banking division of Scottish Widows, life, pension and investment company located in Edinburgh (Scotland). Scottish Widows Bank provides savings and mortgage solutions.


retail banking



Area Served

United Kingdom


savings accounts
time deposit accounts
mortgage loans

Account Opening

Becoming a client of Scottish Widows Bank plc can be done in a few steps:
Submit online application

Ways to Bank

Scottish Widows Bank plc delivers its products and services through both direct and indirect channels, namely:
online banking


Total Assets (2016)
7,638.95 mln GBP  (+0.99%)
Annual Profit (2016)
39.05 mln GBP  (-35.63%)

Scottish Widows Bank plc is the 42nd largest bank in the United Kingdom in terms of total assets. In 2016 its total assets were 7 638,95 mln GBP, providing the bank with the market share of 0.08%. In 2016 the bank's annual profit was 39,05 mln GBP.

Deposit Guarantee

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

Scottish Widows 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. Scottish Widows Bank plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

Scottish Widows Bank plc is a member of Lloyds Banking Group (United Kingdom).


67 Morrison Street, EH3 9JF, Edinburgh, United Kingdom
44 08458450829
44 08458460829

Scottish Widows Bank plc is headquartered in Edinburgh.

Bank Identifiers

Company Number

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number

Scottish Widows Bank plc is authorized and supervised by the Financial Conduct Authority (reference number 201601).

Bank History

Start Date
November 1994