Are you looking for banks in Canary Wharf? Canary Wharf is a river-front local in London, with one of the UK’s tallest buildings, the One Canada Square Building.
Further, Canary Wharf is a modern business hub that boasts several skyscrapers housing including offices, multinational companies, luxurious hotels, and so on.
Several mega corporations have set up shop in Canary Wharf such as banks, brokerage firms, law firms, and more.
Canary Wharf is located in London, near the Isle of Dogs. Canary Wharf is a leading global financial district in the United Kingdom.
So, it is no surprise that you can find plenty of banks in Canary Wharf for small businesses. this article reveals the top 7 banks with offices in this local.
So, just have a look at this list below!
Top 7 Banks in Canary Wharf
1. Barclays
Barclays is a British-owned multinational investment bank that you can consider for your small business. London is its base operation.
As of May 2024, the total market capitalization of Barclays is $38.95 billion. This makes Barclays one of the most valuable companies in the world.
Barclays is a diversified bank with comprehensive UK customers, private banking franchises, and a leading investment bank.
You can help your small business grow with exclusive advice, service, and support from Barclays.
The bank offers customers potential access to business finance and also helps them to build up their credit history.
If you are a new customer, then you can apply to open an account online.
Key features:
- Invoice and accounting software
- Workplace pension
- Dormant accounts
- Debit card
- Protection from fraud
Location: 1 Churchill Place, Canary Wharf London E14 5RB
Global Company Size: 100000+ employees
Ratings: 7.7 Stars
2. Hongkong and Shanghai Banking Corporation
HSBC is a British multinational investment bank and financial services in Canary Wharf. It has an asset of 2.1 trillion Pound and its market capitalization is 131 billion pounds.
HSBC is the seventh largest bank in the globe. HSBC was founded by Sir Thomas Sutherland in 1865.
If you are a sole trader, or if you run a single director shareholder business, you may consider HSBC kinetic. You can apply for it within minutes and access the app.
Most of the accounts opened within 48 hours. HSBC Kinetic can be a good starting business account for startups.
Key features:
- 24/7 online banking available
- virtual assistant
- Mobile app
- Text Alerts
- Live chat
- Mobile banking
- Free HSBC credit cards
- Higher interest rates
- Free HSBC International debit card
- Up to 90% overdraft
Location: Retail Unit 8, London E14 5AH, Canary Wharf
Global company size: 100000+ employees
Ratings: 8.2 Stars
3. JP Morgan Chase
JP Morgan Chase has a total market capitalization of 301.8 billion pounds. The asset base total of this bank is 2.02 trillion pounds. JP Morgan is one of the most valuable banks in the world.
It is a leading small business bank, so if you are looking for a startup bank JP Morgan is the best consideration for you. JP Morgan offers their services to more than six million small businesses.
JP Morgan provides resources that every small business can access to overcome obstacles.
They provide training, mentorship, and access to capital to the business owners to initiate their growth plans.
Key features:
- Financial services for small businesses
- Business credit cards
- Investment advice
- Small business loan
- Payment processing
- Supports access to a continuum of capital options at every stage of growth
Location: 25 Bank St, London E14 5JP, UK
Global company size: 100000+ employees
Rating: 8.4
4. Bank of America
Bank Of America has its headquarters in the US. Bank of America has a market capitalization of 213 billion pounds and its asset base is 221 billion pounds.
Millions of small business owners across the United Kingdom run their companies with the banking services provided by Bank of America.
Bank of America offers a wide range of services to help grow small businesses including banking, credit, and cash management services.
Small business owners can open checking accounts, savings accounts, and certificates of deposit accounts in this banking institution.
It is an all-in-one business banking solution, and you can have access to digital tools for managing your business’s needs.
Using these digital tools, you can track your cash flow, and monitor your business’s performance. All these features make Bank of America one of the well-suited ones for small businesses.
Key features:
- Mobile and online banking feature
- Transfer between account
- Accessing digital tools such as Cash Flow Monitor and Erica
- Business checking accounts are digital-friendly options
Location: 5 Canada Square, London E14 5AQ, UK
Global company size: 100000+ employees
Ratings: 8 Stars
5. Morgan Stanley
Morgan Stanley is a notable multinational investment bank that you can consider for your small business.
Morgan Stanley has been operating in the United Kingdom for more than 40 years. The bank’s market capitalization is 61.9 billion pounds and its total asset base is 698 billion pounds.
Morgan Stanley helps individuals, small businesses, and institutions raise, manage, and distribute capital very effectively.
Morgan Stanley has world-class technology and tools to offer its clients for investing in new ideas.
The bank supports small businesses in their course of operation and provides plenty of services to the small businesses.
It provides comprehensive workplace financial solutions for small businesses and their employees.
Key features:
- Daily fund accounting
- Financial reporting
- back office support
- Tax analytics
- Small business academy
Location: 20 Bank Street, Canary Wharf, London E14 4AD, UK
Global company size:100000+ employees
Ratings: 7.6 Stars
6. Citigroup INC
Citigroup INC is one of the leading American multinational investment banks that you can consider for your small business. It has its corporation offices in Canary Wharf, London.
The headquarters of this US bank is in New York City. The bank’s market capitalization is a total of 118 billion pounds and has an asset base of 1.6 trillion pounds.
It offers a range of financial services to individuals, and small to large-scale businesses.
You can use a range of business checking accounts to optimize your cash flow. Also, these business accounts enhance your day-to-day banking experience.
Citigroup INC offers you a remote accessing facility, so you can manage and access your account from anywhere and anytime.
The bank is committed to offering you dedicated support so that you can grow your business over time.
Key features:
- Business loans
- Credit cards
- Business services such as online banking, cash management, trade services, payroll & HR services
- Industry programs
Location: Citigroup Centre, 33 Canada Square, London E14 5LB, UK
Global company size: 100000+ employees
Ratings: 6.2 Stars
7. Deutsche Bank
Deutsche Bank is a provider of investment banking, corporate, and retail banking. Further, it is one of the great assets and wealth management solutions.
Its corporate office is in Canary Wharf, London makes it highly accessible to Londoners.
This German investment bank has a market capitalization of 14.1 billion pounds and an asset base is 1.24 trillion pounds.
The bank has designed a current account Silver Plus for the small businesses that require a low average quarterly balance.
Besides, the bank offers a range of services and products to small businesses helping them to grow.
They also support small businesses with payment and credit solutions.
Key features:
- Current Account Silver Plus
- Current Account trade
- Current account Platinum
- Business instalment loan
- Working capital finance
- Online banking
- Doorstep banking
- Money Transfer
Location: 10 Upper Bank St, London E14 5GW, UK
Global company size: 100000+ employees
Ratings: 8 Stars
FAQ
Why are most of the banks in Canary Wharf?
Ans: The “Square Mile” is considered the historical centre of British banking. It is the City’s financial district. The space and planning make the Canary Wharf very appealing for trading operations. since the banks navigated the new world of trading, that is why, most of the banks are in Canary Wharf.
What is the best bank in Canary Wharf for small businesses?
Ans: Canary Wharf, London is a great financial hub and home to several renowned banks. The HSBC is the most appropriate bank that you may consider for small business banking in Canary Wharf, London.
Conclusion
If you are looking for the best bank in Canary Wharf, London, just go through this article. Here, I have wrapped together the top 7 banks in Canary Wharf for small businesses. I have also included a brief overview and key features regarding all the mentioned banks.
So, you can evaluate all the bank options and choose the right one that suits the most your business needs and desires. Manage every aspect of your business with reliable and suitable banking services.
