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Who Owns Whom? UK Banking

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Ashley Seager

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If a bank or building society in the UK goes bust, savers’ deposits can typically expect to be protected up to a maximum of £85,000 per bank by the Financial Services Compensation Scheme (FSCS). There are, however, instances when this will not be the case.

If you hold funds with an offshore bank, these will be protected by the local compensation scheme. Banks that are based outside the UK that accept deposit from UK customers must set up a subsidiary that is authorised by the UK regulators.

It is also important to remember that compensation under the FSCS is limited to £85,000 per banking licence, rather than per account. A number of bank and building society brands are actually owned by the same banking group and operate under the same UK banking licence, with compensation levels being affected accordingly.

The table below reveals which banks and savings account providers operate under which banking license, helping savers work out to what degree their savings are protected by the FSCS.

A

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
AA Financial Services The Automobile Association limited UK UK Bank of Ireland (UK) plc Post Office Money, Bank of Ireland
Ahli United Bank (UK) Kuwait Finance House (Kuwait) UK UK Ahli United Bank (UK) plc  
AIB (NI) Allied Irish Bank (Ireland) UK UK AIB Group (UK) plc Allied Irish Bank (BG)
Aldermore First Rand Group (South Africa) UK UK Aldermore Bank plc  
Allica Bank N/A UK UK Allica Bank Ltd  
Allied Irish Bank (GB) Allied Irish Banks (Ireland) UK UK AIB Group (UK) plc AIB (NI)
Al Rayan Bank Masraf Al Rayan Group (Qatar) UK UK Al Rayan Bank PLC  
Arbuthnot Direct Arbuthnot Banking Group plc UK UK Arbuthnot Latham & Co Limited Arbuthnot Latham
Arbuthnot Latham & Co Arbuthnot Banking Group plc UK UK Arbuthnot Latham & Co Limited Arbuthnot Direct
Atom Bank N/A UK UK Atom Bank plc  

B

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Bank ABC Arab Banking Corporation (Bahrain) UK UK ABC International Bank plc  
Bank of Ceylon Bank of Ceylon (Sri Lanka) UK UK Bank of Ceylon (UK) Ltd  
Bank of China (UK) Bank of China UK UK Bank of China (UK) Limited  
Bank of Ireland UK Bank of Ireland Group (Ireland) UK UK Bank of Ireland (UK) plc Post Office Money, AA Financial Services
Bank of London N/A UK UK The Bank of London Group Limited  
Bank of London and The Middle East BLME Holdings plc UK UK Bank of London and the Middle East plc  
Bank of Scotland Lloyds Banking Group UK UK Bank of Scotland plc Birmingham Midshires, Halifax, Intelligent Finance
Barclays Bank Barclays Bank PLC UK UK Barclays Bank plc  
Barclays Bank (Offshore Banking) Barclays Bank PLC Guernsey, Isle of Man, Jersey Guernsey, Isle of Man, Jersey Barclays Bank plc  
Bath Building Society N/A UK UK Bath Investment and Building Society  
Beehive Money Nottingham Building Society UK UK Nottingham Building Society Nottingham Building Society
Beverley Building Society N/A UK UK Beverley Building Society  
Birmingham Midshires Lloyds Banking Group UK UK Bank of Scotland plc Bank of Scotland, Halifax, Intelligent Finance
Britannia The Co-operative Group UK UK The Co-operative Bank plc The Co-operative Bank, smile
Brown Shipley Quintet Private Bank (Luxembourg) UK UK Brown Shipley & Co Limited  
Buckinghamshire Building Society N/A UK UK Buckinghamshire Building Society  

C

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
CAF Bank Charities Aid Foundation UK UK CAF Bank Limited  
Cahoot Santander Group (Spain) UK UK Santander UK plc Santander
Cambridge and Counties Bank 50% Cambs Local Govt Pension Fund 50% Trinity Hall College Cambridge UK UK Cambridge & Counties Bank Limited  
Cambridge Building Society N/A UK UK Cambridge Building Society  
Castle Trust Bank N/A UK UK Castle Trust Capital plc  
Cater Allen Private Bank Santander Group (Spain) UK UK Cater Allen Ltd  
Charity Bank N/A UK UK The Charity Bank Ltd  
Charter Savings Bank One Savings Bank plc UK UK Charter Court Financial Services Ltd  
Chase JP Morgan Chase (USA) UK UK JP Morgan Europe Limited  
Chelsea Building Society Yorkshire Building Society UK UK Yorkshire Building Society Yorkshire Building Society
Chip N/A N/A N/A N/A This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other protected banks.
C Hoare & Co N/A UK UK C Hoare & Co  
Chorley & District Building Society N/A UK UK Chorley & District Building Society  
Citibank Citigroup Inc (USA) UK UK Citibank UK Limited  
Clearbank UK N/A UK UK Clearbank Limited  
Close Brothers Savings Close Brothers Group plc UK UK Close Brothers Limited  
Clydesdale Bank Virgin Money UK plc UK UK Clydesdale Bank plc Yorkshire Bank, Virgin Money
Conister Bank Manx Financial Ltd Isle of Man Isle of Man Conister Bank Ltd  
Coutts & Co NatWest Group UK UK Coutts & Co  
Coventry Building Society N/A UK UK Coventry Building Society Stroud & Swindon Building Society
Credit Suisse (UK) UBS Group (Switzerland) UK UK Credit Suisse (UK) Limited  
Cumberland Building Society N/A UK UK Cumberland Building Society  
Cynergy Bank Cynergy Capital Limited UK UK Cynergy Bank Limited  

D

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Danske Bank Danske Bank Group (Denmark) UK UK Northern Bank Limited  
Darlington Building Society N/A UK UK Darlington Building Society  
DF Capital Distribution Finance Capital Holdings plc UK UK DF Capital Bank Ltd  
Dudley Building Society N/A UK UK Dudley Building Society  

E

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Earl Shilton Building Society N/A UK UK Earl Shilton Building Society  
Ecology Building Society N/A UK UK Ecology Building Society  
EFG Private Bank EFG International Ltd (Switzerland) UK UK EFG Private Bank Limited  
Emirates NBD Emirates NBD Group (UAE) UK UK Emirates NBD Bank PJSC  

F

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Family Building Society National Counties Building Society UK UK National Counties Building Society National Counties Building Society
FCMB Bank UK First City Monument Bank Ltd (Nigeria) UK UK FCMB Bank UK Ltd  
FidBank UK Fidelity Bank PLC (Nigeria) UK UK Fidelity Bank UK Ltd  
first direct HSBC Bank plc UK UK HSBC Bank plc HSBC
FirstSave FBN Bank (Nigeria) UK UK FirstBank UK Ltd  
Ford Money  Ford Motor Group (USA) UK UK FCE Bank plc  
Furness Building Society N/A UK UK Furness Building Society  

G

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Gatehouse Bank N/A UK UK Gatehouse Bank plc  
GB Bank N/A UK UK GB Bank Limited  

H

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Habib Bank Zurich Habib Bank AG Zurich (Switzerland) UK UK Habib Bank Zurich plc  
Halifax Lloyds Banking Group UK UK Bank of Scotland plc Bank of Scotland, Birmingham Midshires, Intelligent Finance
Hampshire Trust Bank Alchemy Partners LLP UK UK Hampshire Trust Bank plc  
Handelsbanken Svenska Handelsbanken AB (Sweden) UK UK Handelsbanken plc  
Hanley Economic Building Society N/A UK UK Hanley Economic Building Society  
Harpenden Building Society N/A UK UK Harpenden Building Society  
HBL Bank UK Habib Bank Limited (Pakistan) UK UK HBL Bank UK Limited  
Hinckley & Rugby Building Society N/A UK UK Hinckley & Rugby Building Society  
Hodge Bank Julian Hodge Bank Group UK UK Julian Hodge Bank Ltd  
HSBC HSBC Group UK UK HSBC Bank plc first direct
HSBC Expat HSBC Group Jersey Jersey HSBC Bank plc  
HSBC Private Bank (UK) Limited HSBC Group UK UK HSBC Private Bank (UK) Limited  

I

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
ICICI Bank UK ICICI Bank Limited (India) UK UK ICICI Bank UK plc  
IFAST Global Bank IFAST Group (Singapore) UK UK IFAST Global Bank Limited  
Ikano Bank Kamprad Family (Sweden) UK UK Ikano Bank AB (publ)  
Investec Bank (Channel Islands) Ltd Investec plc (South Africa) Guernsey Guernsey Investec bank (Channel Islands) Ltd  
Investec Bank plc Investec plc (South Africa) UK UK Investec Bank plc  
IS Bank Turkiye IS Bankasi UK UK Turkiye IS Bankasi  
Isle of Man Bank NatWest Group Isle of Man Isle of Man The Royal Bank of Scotland International Limited NatWest International

J

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
JN Bank The JN Group UK UK JN Bank UK Limited  

K

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Kent Reliance OneSavings Bank plc UK UK OneSavings plc  
Kleinwort Hambros Societe Generale (France) Guernsey, Jersey Guernsey, Jersey SG Kleinwort Hambros Bank (CI) Limited  
Kroo Bank N/A UK UK Kroo Bank Limited  

L

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Leeds Building Society N/A UK, Gibraltar UK, Gibraltar Leeds Building Society  
Leek United Building Society N/A UK UK Leek United Building Society  

LHV Bank

AS LHV Group (Estonia) UK UK LHV Bank Limited  
Lloyds Bank Lloyds Banking Group UK UK Lloyds Bank plc Lloyds Bank Private Banking, Scottish Widows Bank, Mayfair Private Banking, Lloyds Bank 360, MBNA.
Lloyds Bank International Lloyds Banking Group Guernsey, Isle of Man, Jersey Guernsey, Isle of Man, Jersey Lloyds Bank Corporate Markets plc  
Lloyds Bank Private Banking Lloyds Banking Group UK UK Lloyds Bank plc Scottish Widows Bank, Lloyds Bank, Mayfair Private Banking, Lloyds Bank 360, MBNA
Loughborough Building Society N/A UK UK Loughborough Building Society  

M

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
M&S Bank HSBC Bank plc UK UK Marks & Spencer Financial Services plc  
Manchester Building Society N/A UK UK Newcastle Building Society Newcastle Building Society
Mansfield Building Society N/A UK UK Mansfield Building Society  
Marcus by Goldman Sachs® Goldman Sachs Group UK UK Goldman Sachs International Bank Saga
Market Harborough Building Society N/A UK UK Market Harborough Building Society  
Marsden Building Society N/A UK UK Marsden Building Society  
MBNA Lloyds Banking Group UK UK Lloyds Bank plc Lloyds Bank, Lloyds Bank 360, Lloyds Bank Private Banking, Mayfair Private Banking, Scottish Widows
Melton Building Society N/A UK UK Melton Mowbray Building Society N/A
Metro Bank N/A UK UK Metro Bank PLC  
Moneybox N/A N/A N/A N/A This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other protected banks.
Moneycorp Bank Regent Acquisitions (Holdings) Ltd (Jersey) Gibraltar Gibraltar Moneycorp Bank Ltd  
Monmouthshire Building Society N/A UK UK Monmouthshire Building Society  
Monument Bank N/A UK UK Monument Bank Ltd  
Monzo Bank N/A UK UK Monzo Bank Limited  
My Community Bank N/A UK UK Brent Shrine Credit Union Ltd  

N

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
National Bank of Egypt (UK) National Bank of Egypt UK UK National Bank of Egypt (UK) Limited  
National Counties Building Society N/A UK UK National Counties Building Society Family Building Society
National Savings & Investments N/A       100% backed by HM Treasury the Exchequer
Nationwide Building Society N/A UK UK Nationwide Building Society  
NatWest NatWest Group UK UK National Westminster Bank plc Ulster Bank
NatWest International NatWest Group Gibraltar, Guernsey, Isle of Man, Jersey Gibraltar, Guernsey, Isle of Man, Jersey The Royal Bank of Scotland International Limited Isle of Man Bank
Newbury Building Society N/A UK UK Newbury Building Society  
Newcastle Building Society N/A UK UK Newcastle Building Society Manchester Building Society
Nottingham Building Society N/A UK UK Nottingham Building Society Beehive Money

O

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
OakNorth Bank N/A UK UK OakNorth Bank Limited  
Oxbury Bank N/A UK UK Oxbury Bank plc  

P

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Paragon Bank Paragon Group UK UK Paragon Bank plc  
Penrith Building Society N/A UK UK Penrith Building Society  
Plum N/A

 

N/A

N/A N/A This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other protected banks.
Post Office Money® Royal Mail Group Ltd UK UK Bank of Ireland (UK) plc Bank of Ireland (UK), AA Financial Services
Principality Building Society N/A UK UK Principality Building Society  
Progressive Building Society N/A UK UK Progressive Building Society  
Punjab National Bank Punjab National Bank (India) UK UK Punjab National Bank (International) Limited  

Q

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
QIB (UK) Qatar Islamic Bank (Qatar) UK UK QIB (UK) Plc  

R

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
RCI Bank UK Renault Group (France) UK UK RCI Bank UK Ltd  
Recognise Bank City of London Group plc UK UK Recognise Bank Ltd  
Reliance Bank The Salvation Army UK UK Reliance Bank Ltd  
Royal Bank of Canada (CI) Royal Bank of Canada (Canada) Guernsey, Jersey Guernsey, Jersey Royal Bank of Canada Channel Islands Ltd  
Royal Bank of Scotland NatWest Group UK UK Royal Bank of Scotland  

S

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Saffron Building Society N/A UK UK Saffron Building Society  
Saga Saga Personal Finance Ltd UK UK Goldman Sachs International Bank Marcus by Goldman Sachs
Sainsbury's Bank J Sainsbury plc UK UK Sainsbury's Bank plc  
Santander Santander Group (Spain) UK UK Santander UK plc  
Santander International Santander Group (Spain) Isle of Man, Jersey Isle of Man, Jersey Santander Financial Services plc  
Scottish Building Society N/A UK UK Scottish Building Society  
Scottish Widows Bank Lloyds Banking Group UK UK Lloyds Bank plc Lloyds Bank, Lloyds Bank Private Banking, Lloyds Bank 360, MBNA, Mayfair Private Bank, 
Secure Trust Bank Secure Trust Bank Group UK UK Secure Trust Bank plc  
Sensible Savings The Access Bank UK (Nigeria) UK UK The Access Bank UK Limited  
Shawbrook Bank Limited RBS Equity Finance UK UK Shawbrook Bank Limited  
Skipton Building Society N/A UK UK Skipton Building Society  
Skipton International Limited Skipton Building Society Guernsey Guernsey Skipton International Limited  
Smartsave Chetwood Financial Limited UK UK Chetwood Financial Limited  
Smile The Co-operative Group UK UK The Co-operative Bank plc Britannia, The Co-operative Bank
Standard Bank Standard Bank Group Ltd (South Africa) Jersey, Isle of Man Jersey, Isle of Man Standard Bank Jersey Ltd, Standard Bank Isle of Man Ltd  
Starling Bank N/A UK UK Starling Bank Limited  
State Bank of India (India) State Bank of India (India) UK UK State Bank of India (UK) Ltd  

Streambank

Alex Pusco UK UK Streambank plc  
Suffolk Building Society N/A UK UK Suffolk Building Society  
Swansea Building Society N/A UK UK Swansea Building Society  

T

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Tandem Bank N/A UK UK Tandem Bank Ltd  
Teachers Building Society N/A UK UK Teachers Building Society  
Tembo N/A N/A N/A N/A This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other protected banks.
Tesco Bank Tesco plc UK UK Tesco Personal Finance plc  
The Co-operative Bank The Co-operative Group UK UK The Co-operative Bank plc Britannia, smile
The Stafford Building Society N/A UK UK The Stafford Railway Building Society  
Tipton & Coseley Building Society N/A UK UK Tipton & Coseley Building Society  
Trading 212 N/A N/A N/A N/A This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other protected banks.
Triodos Bank UK Triodos Bank NV (Netherlands) UK UK Triodos Bank UK Limited  
TSB Sabadell Group (Spain) UK UK TSB Bank plc  
Turkish Bank (UK) Ltd Turkish Bank Limited (Turkey) UK UK Turkish Bank (UK) Ltd  

U

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
UBL UK Bestway Group UK UK United National Bank Limited  
Ulster Bank NatWest Group UK UK National Westminster Bank plc NatWest Bank
Union Bank of India UK Union Bank of India (India) UK UK Union Bank of India (UK) Ltd  
United Trust Bank United Trust Bank Limited UK UK United Trust Bank Limited  
Unity Trust Bank N/A UK UK Unity Trust Bank plc  

V

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Vanquis Bank Ltd Provident Financial Group UK UK Vanquis Bank Ltd  
Vernon Building Society N/A UK UK Vernon Building Society  
Virgin Money Virgin Money UK plc UK UK Clydesdale Bank plc Clydesdale Bank, Yorkshire Bank

W

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Wealthify N/A N/A N/A N/A This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other protected banks.
Weatherbys Bank Limited Weatherbys Bank Holdings Limited UK UK Weatherbys Bank Limited  
Wesleyan Bank Hampshire Trust Bank plc UK UK Wesleyan Bank Limited  
West Brom Building Society N/A UK UK West Bromwich Building Society  
Wombat Invest N/A N/A N/A N/A This provider is not a bank and does not offer its own savings accounts. It offers accounts that are provided by other protected banks.

Y

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Yorkshire Bank Virgin Money UK plc UK UK Clydesdale Bank plc Clydesdale Bank, Virgin Money
Yorkshire Building Society N/A UK UK Yorkshire Building Society Chelsea Building Society

Z

Name Owned By/Subsidiary Of Country Where Licence Held? Compensation Scheme Deposit-Taking (Banking) Licence? Other Banks Operating Under The Same Banking Licence
Zenith Bank Zenith Bank plc (Nigeria) UK UK Zenith Bank (UK) Ltd  
Ziraat Bank T C Ziraat Bankasi AS (Turkey) UK UK T C Ziraat Bankasi AS  
Zopa N/A UK UK Zopa Bank Limited  

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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