State Bank of India (UK) offers an easy access business current account for SMEs and large businesses in the European Economic Area and can support them internationally. Below we look at reviews for the company along with the accounts they offer, how much they cost and other key things you need to know to help you decide which business bank account provider is right for your business.
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State Bank of India (UK) Reviews
Below we look at reviews for the State Bank of India (UK) from a variety of websites. Please keep in mind that these reviews are for all of State Bank of India (UK)’s services and so may not fully reflect their business offerings.
- Review Centre: 1 out of 5 based on 1 review.
State Bank of India (UK) Business Services Plans, Packages & Prices
State Bank of India (UK) offers a single business current account that includes:
- Offers international support
- 25 free transactions each month
- No monthly or annual fee if minimum balance is maintained (£10,000)
- Account can be managed in branch, by post or online
- Debit card
- Access to a small network of branches in London, the Midlands and Manchester
There are a few charges on their business bank account which includes:
- £80 annual maintenance fee if minimum balance isn’t maintained
- 25 free transactions per month then charged at £0.60 credits and debits
- Cash handling at £3 per £1,000 with a minimum charge of £3
Note plans, packages and prices were all accurate at the time of publication but may have changed since then. Please check the State Bank of India (UK)’s website for the latest information.
State Bank of India (UK) Background
State Bank of India UK is a wholly-owned subsidiary of the State Bank of India which has roots that can be traced back to the Bank of Calcutta which was founded in 1806. The State Bank of India is an Indian multinational bank that has over 430 million customers worldwide with 208 offices in 32 countries and 22,000 branches and 58,000 ATMs.
State Bank of India has been in the UK since 1921 and is the largest Indian bank in the UK. They began initially in the UK as wholesale banking but was expanded to include a retail offering in 2018 which provides personal and business banking.
In the UK they have 12 branches that are predominantly in London with a few branches in the midlands and one in Manchester. Their banking facilities include telephone banking that is available 24/7 and accounts can be opened up through the post.
Switching To State Bank of India (UK)
If you want to open an account with the State Bank of India, you can open the account in a branch or by post through downloading an application form from their website. They will require you to provide ID (certified if sent by post) and proof of your address for all directors/signatories as well as documents proving the identity of your business.
Additional Business Services From State Bank of India (UK)
State Bank of India offers a small range of business products which includes:
State Bank of India (UK) Business Service Availability
State Bank of India offers business current accounts to micro, small and medium-sized businesses and large businesses that are incorporated in the European Economic Area.
State Bank of India (UK) Business Customer Service and Complaints
You can contact the State Bank of India (UK) customer service team on 0800 532 532 which is open 24/7.
State Bank of India (UK) Business Contact
You can get in contact with State Bank of India (UK) by:
- Completing their call back form
- Call 0800 532 532 (open 24/7)
- Post – 15-17 King Street, London EC2V 8EA
Website: https://sbiuk.statebank/business-current-account
State Bank of India (UK) Business Services Pros/Cons
Pros
- 24/7 contact centre
- No account fee if the minimum account balance is maintained
- International bank
Cons
- Only a small network of branches
- No customer reviews
- Lesser well-known bank