Sainsbury's Bank

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Sainsbury's Bank plc
Type Public limited
Founded 19 February 1997
Headquarters London, England, UK
Products Financial services
Parent J Sainsbury/HBOS
Website www.sainsburysbank.co.uk/

Sainsbury's Bank, now trading as Sainsbury's Finance, is a 50:50 joint venture between J Sainsbury, a leading UK food retailer and HBOS, the fourth biggest banking group in the UK. Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997.

Sainsbury’s Bank provides a range of financial products including insurance, credit cards, savings and loans. Customers can apply for products online or over the phone. Sainsbury's Bank products are linked to the Nectar reward scheme.

Sainsbury's Bank has over 1.5 million active customers with deposits in excess of £6 billion.[citation needed]

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