How many banks are there in the UK?

The banking system in the UK is made up of private and international banks, along with building societies. There are nearly 350 banks in the UK ,¹ with a handful of large banks dominating the banking sector. To open a bank account in the UK, you’ll usually need to provide your ID (such as a passport or driving licence) and proof of address.

Are there any banks in the UK for expats?

There are several banks in the UK to choose from, each offering specific packages including services for expat residents. The main UK banks have branches on high streets across the country and will also offer online and mobile services. Most banks will open from around 09:00–17:00. The biggest banks in the UK include:

What is the UK banking system?

Understanding the UK banking system can help you make the most of your money and avoid any mistakes. Here’s an outline of some of the basics. Most banks, building societies and credit unions in the UK are backed by the Financial Services Compensation Scheme (FSCS).