TSB Bank

Business High street

TSB is a UK-based retail and commercial bank. It is a subsidiary of the Sabadell Group. The TSB we know today came to be in 2013, formed from Lloyds TSB Scotland PLC and Cheltenham & Gloucester. It is headquartered in Edinburgh and has more than 550 branches and 4.5 million customers in England, Scotland and Wales. The bank has no presence in Northern Ireland.

Reviews Rating

73%

Review Score

How this is calculated?

This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.

68%

BankRank® Score

How this is calculated?

This figure is the average of the bank’s total sentiment score and the review scores.

Senior Editor

Matt Crabtree

Matt Crabtree is a senior editor at CompareBanks. He has over 10 years experience in writing about all aspects of finance and is passionate about helping consumers make informed decisions about their money.

First Glance

Features

Credit Cards Current Accounts Debit Cards Highstreet Branches Insurance Loans Mobile Banking Mortgage Overdraft Savings Accounts Student Accounts

Contact Info

Bank Website

https://www.tsb.co.uk/

[email protected]

Address

Henry Duncan House, 120 George St, Edinburgh EH2 4LH, UK

Phone

03459 758 758

About TSB

The bank originally known as Trustee Savings Bank was renamed in 1995 after being taken over by Lloyds and becoming part of the new Lloyds TSB. TSB was divested from Lloyds Banking Group in 2009 after the European Commission ruled that the British government’s stake in the company constituted state aid. The company was re-registered as TSB Bank in 2013, and TSB ceased to be part of the Lloyds Group in 2014. Sabadell took over the bank in 2015.

TSB Products and Services

TSB offers a full portfolio of personal banking, business banking and financial services products. Personal banking customers can choose from services including credit products, current accounts, loans, mortgages and savings accounts.

TSB has several account options for business customers, dependent on the type of business; choose from a start-up account (with 18 months free everyday banking), a standard business account, school account or charity account. Customers who switch their current business account to TSB also receive 18 months free.

Business banking customers can also receive advice and discounts about growing their business online from TSB partners Enterprise Nation.

TSB is planning to launch a new business banking service in the near future.

Debit cards are currently offered by VISA, but will soon switch to the MasterCard Debit Mastercard.

TSB's Security

TSB is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority. Deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).

TSB Bank Contact Details

Henry Duncan House
120 George Street
Edinburgh
EH2 4LH

Telephone: 03459 758 758

Email: [email protected]

Have a question about TSB Bank?

Find answers in Q&As and ask your question

can i withdraw money from my Binance account into a TSB account — Malcolm Jones

TSB Bank Reviews

Ben Thomas

November 3, 2024

“Appalling company to deal with. Told the only way my son can access his savings account is to visit a branch”

Appalling company to deal with. Told the only way my son can access his savings account is to visit a branch. They have shut all branches. Put in a complaint and they agreed to arrange a Teams call. Took me more than an hour on the phone with them to arrange this due to their appalling systems. Now sitting on the Teams call and nobody has turned up. Sitting on their phone line on hold and nobody answering. I have never know customer service as bad.

MO OS

March 26, 2024

“NO proper Statements in PDF. You can download only 160 transaction in CSV and PDF”

NO proper Statements in PDF. You can download only 160 transaction in CSV and PDF. if you got large transaction then this bank is crap. you have to download several statements to complete the month.

Emmanuel Opoku Boateng

March 26, 2024

“I am happy with the application process and will rate”

I am happy with the application process and will rate you 4 out of 5

Mr.Solomon Ghebray

March 26, 2024

“I am writing to appreciate for Veera Landa in the branch of New street Birmingham She is kind , hospitable and welcoming”

I am writing to appreciate for Veera Landa in the branch of New street Birmingham She is kind , hospitable and welcoming. She caring well to all and treating everyone with care, love, respect, compassion and dignity. I had good service in the Bank.

TSB Bank Accounts

Graduate Bank Account

Current, Personal

—

Monthly Fee

—

Interest Rate

Yes

Overdraft

Interest free up to £2,000 for your first three years after graduation.

Overdraft Rate

Business Plus Banking Account

Business

—

Monthly Fee

—

Interest Rate

—

Overdraft

—

Overdraft Rate

School Account

Business

Free

Monthly Fee

Variable

Interest Rate

—

Overdraft

—

Overdraft Rate

Business Savings Account

Savings

—

Monthly Fee

0.05%, 0.30%

Interest Rate

—

Overdraft

—

Overdraft Rate

Student Bank Account

Current, Personal

—

Monthly Fee

Interest Rate

Yes

Overdraft

Optional interest-free overdraft up to £1,500 to help you budget during your studies. Your overdraft starts at £500 for the first six months, then you can apply to increase it to £1,000 in months seven to nine, and up to £1,500 from month ten.

Overdraft Rate