ICICI Bank UK: Best International Digital Banking UK 2021
ICICI Bank UK was established to enable the global Indian community to conduct cross-border business with ease. Founded in 2003, ICICI Bank UK PLC is a 100% subsidiary of ICICI Bank Limited (India) and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. ICICI depositors are protected by the Financial Services Compensation Scheme, which would pay out if the bank were ever unable to fulfil its financial obligations.
ICICI Bank UK benefits from a strong technical team, which has developed a digital platform that provides clients with secure access to their money while abroad, with seamless functionality of debit card and a user-friendly digital interface. The bank leverages its local base to facilitate credit history checks and documentation completion.
ICICI Bank UK offers a full range of commercial and business banking services, including savings and current accounts, SME financing and real estate investment portfolios. The closed-user group creates cross-border financial solutions: instant client on-boarding and remittance to ICICI Bank accounts in India, faster payments, and attractive interest rates. It also offers competitive rates on foreign exchange and multi-currency transactions. Business accounts are available in Sterling, US dollars and euros.
The CFI.co judges are impressed with ICICI Bank UK’s credentials, technical advancement and the fact that they offer Instant Current Account opening through mobile app, even if customer is in India at the time of account opening. Hence, declare ICICI Bank UK PLC winner of the 2021 award for Best International Digital Banking (UK).
