High Street Bank

(redirected from High Street Banks)

High Street Bank

A large bank in the United Kingdom with branches spread out in many towns all over the country. It takes its name from "high street," which is a term for a main thoroughfare.
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References in periodicals archive ?
BRITISH high street banks approved the highest number of mortgages for house purchases in over two years in July, according to financial services body UK Finance, in a sign of life in a housing market which has struggled under the weight of Brexit.
With high street banks reluctant to offer SMEs funding options, challenger banks and alternative finance providers offer businesses of all shapes and sizes access to new funding options.
It found that high street banks have closed 990 branches in the most deprived areas of England since 2010 - more than four times the 230 closed in the least deprived local authority areas.
The bank was set up to challenge the traditional High Street banks and make banking more convenient for customers.
He said: "Moneywise Credit Union is delighted to have been chosen to deliver a sustainable credit union, delivering real alternatives to high cost lenders and offering alternatives to those who cannot access high street banks.
UK Finance said Isa cash deposits across the high street banks saw a slight increase on the previous month to coincide with the end of the tax year.
Martin Kearsley, banking services director at the Post Office, said: "Thanks to an agreement with all UK high street banks, everyone can deposit old pound coins into their usual high street bank account at their local Post Office branch."
People can also deposit them into any of their usual high street banks through the Post Office after this date.
BANKING AND CREDIT NEWS-March 3, 2017-New UK challengers 'not trying to replace the main high street banks'
M2 EQUITYBITES-March 3, 2017-New UK challengers 'not trying to replace the main high street banks'
"in the light of the significant and ongoing losses, which must now amount to a sixfigure sum, the PJA and BHA have come to the conclusion that, given the ineptitude of the major high street banks in preventing the fraud and their lack of interest in prosecuting it, the only way to prevent the frauds from continuing is to move their current account banking off the high street.
Looking at unarranged overdraft charges, the consumer group's research found that consumers needing as little as PS100 could be charged over 12 times more by major high street banks than the amount the Financial Conduct Authority (FCA) allows payday lenders to charge, when borrowing over the same period.