SANTANDER UK customers may opt to access their bank account online, particularly during the coronavirus (COVID-19) crisis. . Even though Santander's parent bank is Spanish, Santander UK is fully UK regulated and therefore is like any other UK bank when it comes to savings protection. Santander UK’s parent company, Barco Santander, was founded in Spain and was affected by the Great Recession. See the Safe Savings guide for full help on this – and answers about what to do if you’ve saving and debts in one bank etc. Santander Bank started out in Spain before serving customers in the Northeast since 2013. Some of it. If you have concerns about whether your funds are safe in your local bank, several signs can alert you when a bank is in trouble. Santander's cutting the interest it pays on credit balances of up to £20,000 by 0.5 percentage points, meaning the max savers can earn will drop by about £100 a year. Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Now my suspicion, or perhaps guess is a better word, is that if any fully UK protected bank went bust now the government would try and simply move its operations or sell its savings book – by far the most preferable option – rather than relying on shelling out enormous amounts of money in compensation. This month, Security magazine brings you the 2020 Guarding Report - a look at the ebbs and flows security officers and guarding companies have weathered in 2020, including protests, riots, the election, a pandemic and much more. Now while I don’t want to scaremonger, and think this is an unlikely outcome. (Auto lending, Loan & Mortgage Reviews). As with many other bank accounts, you’ll also incur transaction fees if you make a payment without sufficient money in your account. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. It operates autonomously. It is, however, pertinent to note that, after the, Emilio Botín, who was the executive chairman of Barco Santander until his death in 2014, repeatedly stressed that, even labelled Santander as the, Many Santander reviews provide evidence that the bank is aware of these problems and that it has taken visible steps to improve customer service. SANTANDER branches across the UK are mostly still open, although they are running reduced opening hours. Emilio Botín, who was the executive chairman of Barco Santander until his death in 2014, repeatedly stressed that Santander was not a Spanish bank. Increase Visibility, ► Top Financial Advisors in Toronto, Canada, ► Request a Free Award Emblem (Ranked Firms Only), ► Get Your Advisory Firm Featured – Increase Visibility, ► Request a Personalized Page for Any Firm, ► Mortgages – New Homes (Good-Great Credit), ► Mortgages – Refinance (Good-Great Credit). We’d like to reassure customers that Santander UK is a long-established UK bank, part of a major global group and we remain committed to our customers and to the United Kingdom. Whether you want to get a cup of coffee, make a payment, get cash, shop online, use Apple Pay, set up recurring payments, transfer funds, or pay by phone, a debit card is the convenient, secure, and smart way to get it done – everywhere Mastercard ® is accepted. Our TravelMoneyMax tool compares 30+ bureaux to max your holiday cash. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. Here’s how to make sure it is. The federal government, with backing from the U.S. Treasury, can replace any money that the bank loses. Is your money guaranteed by the UK government? It is evident that Santander UK has pulled itself out of the proverbial muck and mire of the Great Recession and stands strong as one of Europe’s leading financial institutions. Unique tool uses probability to estimate winnings. Please read the Full Terms & Conditions, Privacy Policy, Cookies Q&A, How this site is financed and MSE's Editorial Code. At a vain attempt to... Got an overdraft with Lloyds, Halifax etc? Hi, welcome to my Blog. As for how stable the UK bank is, well most commentators seem pretty strong on it, though again that’s not our forte so please read articles from This Is Money or the BBC for more info. 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