Ring-fencing and Santander

From 1 January 2019, the UK’s largest banking groups, including Santander UK, are required to keep personal and small business banking services, such as current accounts, savings accounts and payments, in a separate part of their banking group. This is known as ‘ring-fencing’ and personal and small business banking services have to be provided by a ‘ring-fenced bank’.

Why is ring-fencing required?

The requirement for ring-fencing was one of the reforms brought in by the UK Government to strengthen the financial system following the financial crisis that began in 2007. Ring-fencing will protect personal and small business customers and the day-to-day banking services they rely on from unrelated risks elsewhere in a banking group and the wider financial system.

What ring-fencing means for you

While we’ve changed the way we’re structured so that our ring-fenced bank is legally and financially independent, the vast majority of our customers, including our personal and small business banking customers, have not been impacted by our ring-fencing plans.

What ring-fencing means for you

Use the links below to find out more:
Personal customers
Business customers
Corporate & Commercial customers
Santander International customers
Corporate & Investment Banking customers
Cater Allen Private Bank customers