HSBC UK Bank Plc

 (4.0; 188 ratings)
4.0 188
Business Focus
retail banking

HSBC UK Bank Plc was established to comply with the UK government new rules in place to protect the economy and taxpayers. HSBC UK Bank Plc is operating as a ring-fenced bank providing retail banking services to personal and business customers in the UK.

Services

retail banking
business banking
corporate banking

Clients

individuals
companies

Area Served

GBUnited Kingdom
EUEuropean Union

Products

current accounts
credit cards
ISA accounts
savings accounts
time deposit accounts
personal loans
car loans
overdrafts
investment funds
trading accounts

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

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

1.
Submit online application
2.
Visit bank branch

Due to regulatory requirements HSBC UK Bank Plc performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual HSBC UK Bank Plc will ask him/her to provide the following documents: passport or ID card; utility bill; employment details; income details. For corporate clients HSBC UK Bank Plc will ask to provide corporate documentation as well as information about controlling persons. HSBC UK Bank Plc may request additional documentation or information depending on the case. HSBC UK Bank Plc performs client's identity verification via branch visit.

Ways to Bank

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

Financials

Total Assets of HSBC UK Bank Plc
Annual_profit of HSBC UK Bank Plc
Market Share of HSBC UK Bank Plc
Total Assets (2019)
257.10 bln GBP  (+7.60%)
Annual Profit (2019)
516.00 mln GBP  (-32.37%)

HSBC UK Bank Plc is the 11th largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 257,10 bln GBP, providing the bank with the market share of 2.82%. In 2019 the bank's annual profit was 516,00 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: Aa2
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

HSBC UK Bank Plc is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade).

Deposit Guarantee

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

HSBC UK 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. HSBC UK Bank Plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

Contacts

HSBC, Level 15, 8 Canada Square, E14 5HQ, London, United Kingdom
44 2079918888

HSBC UK Bank Plc is headquartered in London.

Social Networks

HSBC UK Bank Plc has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
HBUKGB4BRTN
LEI
21380081EP12LC86CB82
Company Number
09928412
MFI ID
GB3118

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
765112

HSBC UK Bank Plc is authorized and supervised by the Financial Conduct Authority (reference number 765112).

Bank History

Start Date
December 2015

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