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.
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.
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.
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.
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.
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.
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.
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.
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!
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.
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.
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.
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.
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
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.
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.
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
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.
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.
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.
What Is a Financial Service Brand?
A financial service brand is a company that offers credit cards, mortgages, and other services. They’re usually companies with over decades of experience in the industry, perfect for those looking for help regarding their finances!
What Are Some Advantages of Using a Financial Service Brand?
There’s no better way than picking up your groceries or fuel on the way home from work than paying with your credit card. Financial service brands make it easy to manage finances without remembering a PIN or queue up at the bank for hours!
How Do I Choose the Right Financial Service Brand?
It’s important to take into account what you’re looking for in your next card or mortgage. If you want a credit card with no annual fees, then pick one of those brands.
But if you need something that offers more than just a credit card – like protection from fraudsters and savings products, too – then you should look for a financial service brand that offers all of these things.
Are There Any Financial Service Brand I Should Avoid?
It’s always a good idea to check out reviews before making any decisions. If you’re looking for a mortgage, then it’s worth finding out what part of the country they operate in and whether those who’ve used them have had any issues with their products or services.
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!