Reliance Bank
Reliance Bank has a long history of 'ethical banking' starting its life as the Salvation Army Bank. The bank has no direct funding links to carbon-emitting industries and actively works to employ some of the UN's Sustainable Development Goals.
Publishing their emissions data and climate targets would help achieve an even more favourable rating.
Have you opened an account with Reliance Bank since visiting Bank.Green?
Key Facts
Type: Bank
Mobile Banking: Yes
Environmental Policy: No
Founded: 1890
Serving: Consumers & Organisations
Local Branches: No
Products
Checking Accounts: No
Savings Accounts: Yes
Credit Cards: No
Mortgages or Loans: Yes
Business Lending: Yes
ISAs: No
Fees
Overdraft Fee: Yes
Account Maintenance Fee: Yes
Free ATM Network: No
Impact
• Reliance Bank is focused on ethical banking initiatives.
• Reliance Bank aligns its lending practices to the United Nations Sustainable Development Goals.
• Over 90% of Reliance Bank's new lending in 2024 is in social impact sectors, which represents 70% of the total Commercial portfolio.
Security
• Reliance Bank UK deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.
Service
• Reliance Bank offers a range of traditional banking services including savings, borrowing, and money transfers
• Business lending to charities, businesses and not for profits is prioritised in order to deliver a positive social impact.
Accessibility
• Reliance Bank does not have a network of physical branches. Its main branch is located in London.
• Reliance Bank offers digital banking solutions, allowing customers to manage their finances online or via mobile apps.
• Customer service is available Mondays, Tuesdays, Thursdays and Fridays between 8:30am and 4:15pm and on Wednesdays between 10am and 4:15pm.
• They can also be contacted by email.
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