Santander is set to open its first Midlands-based lounge for its Private Banking, Select and Business customers at Unit 6, Caxton Gate, Corporation Street, Birmingham B2 4LP on 19 July 2019. The dedicated area will provide the bank’s new and existing Private Banking, Select and Business customers, with access to all its wealth solutions in one convenient place. It is the second of Santander’s Private Banking lounges to open in the UK and underlines the bank’s commitment to customers in the local community.
The lounge, situated on the first floor of the building, is designed to provide a relaxed and professional space for customers to receive expert advice on all products from specialist staff. Alongside investment and banking advice, customers will also be able to consult with a specialist Mortgage & Protection Advisor.
Santander’s Private Banking, Select and Business banking services are designed to meet the needs of the bank’s higher net worth customers and business owners. Customers can qualify for Santander’s Private Banking Services if they have over £500,000 of savings or an income of £250,000. They can also access tailored solutions including planning, guidance and financing services, through a team of over 40 Private Bankers.
The launch in central Birmingham follows the successful opening of the Piccadilly lounge at the start of the year, and other innovative developments, such as the 123 Business Current Account, which offers cashback to business owners on their annual turnover of up to £300 a year.
Charlotte Platts, Head of Wealth at Santander said: “Santander branches are an important part of many communities and we realise the importance of tailoring the experience to suit different customer’s needs. The new lounge is part of our ongoing commitment to our wealth customers, many of whom play a vital role in their own local communities through job creation and investment.
“The launch of our new lounge in Birmingham underlines our ambition to deliver a complete range of wealth solutions for all our customers’ needs under one roof.”
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Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 31 December 2018, the bank has c23,800 employees. It serves around 15 million active customers, via a nationwide branch network, telephone, mobile and online banking; and 64 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers’ eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in Europe and the Americas, and is the largest bank in the euro zone by market capitalization. At the end of 2018, Banco Santander had EUR 981 billion in customer funds (deposits and mutual funds), 144 million customers, 13,000 branches and 200,000 employees. Banco Santander made attributable profit of EUR 7,810 million in 2018, an increase of 18% compared to the previous year.
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