Some UK supermarkets also offer banking services, often in partnership with an established High Street bank. Services offered are usually focused on lending products such as mortgages and loans, as well as savings and deposit accounts. Supermarket banks sometimes offer loyalty rewards to customers who both bank and shop with them, including higher rates of interest and grocery discounts.
Supermarket Banks
Part of one of the world’s biggest supermarket chains, Tesco Finance was launched back in 1997. The Head Office is based in Edinburgh, and although there were bricks and mortar branches...
About M&S Bank
Marks & Spencer Financial Services PLC trades under the name M&S Bank. It is a UK-based retail bank, formed as the financial services arm of Marks &...
About Sainsbury’s Bank
Sainsbury’s Bank is a British bank owned by the Sainsbury’s supermarket chain. It was the first supermarket bank to open in the UK. It is headquartered in Edinburgh...