TSB Bank Plc

Bank · EDINBURGH, United Kingdom · overall 4.8 / 10

How this 4.8 is built

Average of 6 scored needs: 4.8. Regulation in United Kingdom: 91/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 2 scores backed by filings or its own pages.

TSB BANK PLC is recorded in the global register as a bank in EDINBURGH, United Kingdom. The register names Prudential Regulation Authority (Bank of England) as its regulator and shows the licence as licensed. Established 2013. Collected from open registers.

On its own website: “At TSB we are here to help you make the most out of your money, so you can get more out of life. Whether you are looking for a new financial product or a smarter way to bank online, explore your options and see how we can help you today.”

Legal name: TSB BANK PLC
Regulated by: Prudential Regulation Authority (Bank of England)
Licence confirmed: yes, on a regulator's own list
Established: 2013
LEI: 549300XP222MV7P3CC54
Website: www.tsb.co.uk/

Scores, 0 to 10

6.0United Kingdom

Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source

6.0Financial strength & stability

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

5.0Best interest on business balances

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

5.0Trade, manufacturing & import-export

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

4.5Fast digital onboarding

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

4.0Cross-border payments, FX and multi-currency accounts

Its own business page names SEPA, so payments can leave the country. The score stops at 4.0 because the page did not give the currencies the account holds or the margin on the exchange rate, and the rubric needs both to go higher. · source

4.0Lowest fees

The bank's own page names a monthly account charge, and per-item pricing on top of it. Transfer and card prices were not read on that page, so this score speaks only for the monthly charge. It reads: “There’s an account maintenance fee of £5 a month for this account with individual charges per transaction” · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.