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Top 20 Financial Service Brands in the UK

The Top 20 Financial Service Companies in the UK

The Financial Service Industry in the UK Is One of the Most Important Parts of the Economy. The Sector Employs More Than 1.4 Million People and Contributes £1 Out of Every £10 to Britain's GDP.

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In this Article

Every day, people are faced with the decision of which financial service providers to use for banking and transactional methods. The last thing you want to do is get scammed by an illegitimate or dubious brand.

From eWallets, mortgages to debit and credit cards, the choices are endless. It’s a tough decision for anyone, let alone someone who’s not familiar with all the options available on the market.

But how do you decide? As financial experts, we’re here to guide you on the best financial service brands in 2021. We’ve combed the market and these brands came out on top.

Let’s take a look at some of the top brands in the UK and see what they have to offer, to help you can make an informed decision on where to put your money.

Brand #1: Visa

Visa is a credit card company that you’re likely familiar with. They’re a global brand that offers a range of cards that can be used anywhere in the world and online, too.

With Visa, you know what to expect every time – from fees to customer service.

Visa

Brand #2: PayPal

PayPal is a digital wallet, aka eWallet, that allows you to store money, pay for things online and send and receive payments. They offer protection from fraudsters, have 24/7 customer service, and are easy to set up on your phone or computer.

Note that with eWallets, they might not be available to use on all websites.

PayPal

Brand #3: MasterCard

Once again, you’ve likely heard of the global giant MasterCard, a credit card company that was founded in 1966. They have cards for individuals, small businesses, and large companies alike.

You don’t need to be an expert to know what MasterCard has to offer because they’re transparent about their fees and services – even the ones you might not expect, like travel involvement or retail opportunities.

MasterCard

Brand #4: Argos Store Card

The Argos Store Card is popular with UK shoppers because it offers convenience and choice. You can use the card in any of their 300+ stores or online, so you never need to carry cash again.

In addition, members earn Clubcard points on every purchase, which they can then redeem for various rewards – from vouchers to holidays.

Argos Store Card

Brand #5: Legal & General

Legal & General is a financial service provider that offers car, home, life insurance1, and other retirement products. They offer different levels of cover depending on your needs, so you can feel safe knowing they have the right level for you – with no medical questions asked.

In addition, Legal & General is one of the best equity release providers in the UK.

Legal & General

Brand #6: American Express

American Express is a credit card company that was founded in 1850. They offer cards with no annual fees, 24/7 customer service, and protection from fraudsters.

You can use their card to make purchases both online or offline, so it’s perfect for people who travel often or are always on the go – as long as you have an American Express account.

American Express might not be accepted by certain shops in various parts of the globe.

American Express

Brand #7: Scottish Widows

Scottish Widows is a life insurance company that has been protecting individuals and families for over 150 years. They offer pensions and savings products as well, giving you peace of mind with every purchase or payment you make.

Scottish Widows

Brand #8: Maestro

Maestro is a debit card that allows you to make purchases at any POS2 in the UK. It’s perfect for those who want an easy way to pay and desire a simple, straightforward account.

Maestro

Brand #9: PayPoint

PayPoint is a payment provider that offers contactless payments for your everyday purchases. They are accepted everywhere, from coffee shops to supermarkets, and you can even use them at the post office, in department stores, and even public transport!

PayPoint

Brand #10: Capital One

Capital One is a credit card company that was founded in 1988. They offer cards to fit different lifestyles, from student and personal loans to car financing and even mortgages – making them the perfect option for those who want many solutions at one time.

Capital One

Brand #11: Morgan Stanley

Morgan Stanley is a leading global financial services company, with over 180 years of experience. They offer everything from investment banking and wealth management to mortgage lending, making them the perfect choice for those who need more than just a credit card.

Morgan Stanley

Brand #12: Woolwich

Woolwich is a credit card company that offers cards for individuals, businesses, and charities. They offer cards with no annual fees or charges, and their services come with fraud protection.

Woolwich

Brand #13: JP Morgan

JP Morgan is a financial services company with over 200 years of experience. They offer credit cards, mortgages, and bank accounts for both the UK market and individuals across the world.

JP Morgan

Brand #14: MoneyGram

MoneyGram is a company that facilitates money transfers of any size – whether you need to send £20 or £2000. They’re perfect for people who want an easy way to transfer money, wherever they are in the world

MoneyGram

Brand #15: Western Union

Western Union is a company that offers fast and secure money transfers. They’re perfect for those who want to send small or large amounts of money overseas in just minutes, without the hassle of waiting at the bank! The money will be available for collection at a Western Union branch, that are found across the globe.

Transferring to an international bank account can be tricky so this is a perfect alternative.

Western Union

Brand #16: Deutsche Bank

Deutsche Bank is a financial service provider that specialises in banking, investment, and insurance products. They have been operating in the UK since 1999 and offer everything from mortgages to student loans, and credit cards with no annual fees or charges.

Deutsche Bank

Brand #17: Irwin Mitchell Solicitors

Irwin Mitchell Solicitors is a law firm that gives advice on employee and employer rights and restrictive covenants. They offer everything from initial consultations to court representation, making them the perfect choice for those who need legal help with their finances in the UK.

Learn more about: The Best Law Firms for Banking & Finance in 2021

Irwin Mitchell

Brand #18: Chelsea Building Society

Chelsea Building Society offers credit cards, investments, and insurance to those in the UK. They offer a wide range of products for every lifestyle – whether you’re looking for an everyday card or something with low APR rates so you can save on interest payments.

Chelsea

Brand #19: Newcastle Building Society

Newcastle Building Society offers mortgages and savings products to those in the UK. They offer everything from a fixed-rate mortgage for your first home to rates that change over time with their Flexible Saver account so you can be sure of what you’re getting every month.

 Newcastle

Brand #20: BNP Paribas

BNP Paribas, one of the world’s leading financial institutions. They offer a range of products, including credit cards and mortgages – perfect for those who want to find out more about what they’re looking for in their next card or mortgage.

Bnp Paribas

Common Questions

What Is a Financial Service Brand?

What Are Some Advantages of Using a Financial Service Brand?

How Do I Choose the Right Financial Service Brand?

Are There Any Financial Service Brand I Should Avoid?

In Conclusion

With so many financial service brands to choose from in the UK, it can be hard to know who is best. You must have access to all of the information and reviews before deciding which bank or credit provider will work best for you.

That’s why we’ve compiled this list of some of the most popular providers based on their customer satisfaction rates, awards won, and several branches across England to help you make an informed decision.

If you’re still unsure, you might want to contact your financial adviser for sound advice!

Reference

  • yougov.co.uk/ratings/finance/popularity/financial-service-brands/all
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