A bank’s name indicates its size, focus, and location. Names also show if public or private. Major UK banks are the Bank of England, Barclays, HSBC, Lloyds, NatWest, Santander, and Royal Bank of Scotland.
Tips for Choosing a Bank Name
Choose a name reflecting services. Use our generator for reputable ideas. One decision when starting a bank is its name – the first impression. Carefully consider.
Establishing Bank Accounts
The 1933 Banking Act created the FDIC, the US banking regulator, guaranteeing accounts up to $250,000 if a bank fails. Banks reduce risk by getting depositors.
Handling Account Issues
You can open an account under a pen name, using business procedure. Inform the publisher of your pen name.
If someone opens an account in your name, call the bank. Review all accounts under your name. Report unauthorized ones.
To add someone, the bank may add them or suggest a joint account based on needs. Your account may limit checks before fees.
Bank Name Identification
What do I put for bank name? Enter your bank’s full name. Do NOT use numbers or symbols. Instead, type the full word. For example, "BB and T" or "Golden One Credit Union".