UK banking

UK banking involves financial institutions that provide services like saving and checking accounts, loans, mortgages, and payment processing. Banks act as intermediaries, safeguarding customer money, offering credit, and facilitating transactions. They are regulated by authorities such as the Bank of England and the Financial Conduct Authority to ensure stability and protect consumers. UK banks also participate in digital banking, allowing customers to manage accounts online or via mobile apps. Overall, they support personal and business finances, enabling economic activity and investment while adhering to strict standards for security and transparency.