What is the difference between Lloyds and Halifax? (2024)

FAQs

What is the difference between Lloyds and Halifax? ›

Halifax Bank is a people-oriented bank that falls under the umbrella holding of the Lloyds Banking Group, which trades under numerous names. Lloyds Banking Group owns multiple banking subsidiaries with household brand names, such as Halifax and Lloyds Bank.

Lloyds Banking Group incorporates many household names including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Offering our services through a number of recognised brands enables us to address the needs of our different customer segments more effectively.

Is Halifax better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Halifax is better than Lloyds Bank. Halifax offers competitive pricing for reoccurring and infrequent traders, sound charting, and proper research.

Then, in September 2001, the Halifax merged with Bank of Scotland to form HBOS plc. In January 2009, following unprecedented turbulence in the global banking market, HBOS plc was acquired by Lloyds TSB. The new company, Lloyds Banking Group plc, immediately became the largest retail bank in the UK.

We are the UK's biggest provider of start-up finance for small businesses. Through a network of over a hundred commercial banking offices, we provide support to UK businesses, from SMEs to large corporates and financial institutions.

Yes, Lloyds customers can use the Halifax banking app to view their savings and credit card accounts.

Halifax (previously known as Halifax Building Society and colloquially known as The Halifax) is a British banking brand operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group.

Which Bank Is the Safest in UK? Santander is rated as the safest bank in the UK, with a AA rating from S&P.

Are Lloyds a good Bank? ›

Lloyds Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority: all our savings accounts, current accounts and ISAs are covered by the FSCS.

Lloyds Bank began life as Taylors & Lloyds in Birmingham, in 1765. It was founded by Sampson Lloyd II, John Taylor and their two sons. Each invested £2,000. Sampson Lloyd's father had fled Wales for Birmingham at the end of the 17th century, to escape persecution for his Quaker beliefs.

We have been carrying these principles in North America for over 100 years with offices in New York, Houston and Chicago. In North America our Commercial Banking business provides a client-oriented approach for businesses with strong links to the UK.

Libor rate manipulations

In July 2014, US and UK regulators imposed a combined £218 million ($370 million) in fines on Lloyds and a number of subsidiaries over the bank's part in the global Libor rate-fixing scandal, and other rate manipulations and false reporting.

At the heart of LBG's success is its human talent, including the development and training of apprentices. These are both colleagues who are expanding their skill sets and new-to-bank talent who join the LBG team to gain valuable experience in the workplace or earn a professional qualification.

Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the "Big Four" clearing banks.

It's not possible to transfer balances from other Lloyds Bank credit cards, loans or bank accounts, but you can transfer balances from cards held with other banks in the same group – namely Halifax, MBNA and Bank of Scotland.

Halifax is a division of Bank of Scotland plc. Bank of Scotland plc is registered with company number SC327000. Our registered office is at The Mound, Edinburgh, EH1 1YZ.