Halifax is based on UK and is a section of the Bank of Scotland plc and a part of HBOC plc. This group is into corporate and business banking, insurance, retail and investment services. HBOC plc is a company with its registration in Scotland and is one of the major companies in UK.
Halifax achieved their popularity among its twenty million customers by continually providing the extra touch. They have the largest base of private shareholders in UK. They are the leading provider of new and latest investment products and the biggest mortgage, as well as savings provider. Moreover, they are well known for their superiority in corporate finance, business banking, in giving birth to innovative and excellent funding solutions for a variety of markets. HBOC has earned for itself a position among the forefront of general insurers.
The group has experience in banking that has exceeded three hundred years. This helps them to ensure that they are able to meet the customer expectations through their entrepreneurial and commercial way of dealings.
Halifax offer personal banking, corporate banking and management of client money. There are around 72,000 employees in the group. The group’s corporate headquarters is in Edinburgh, in the two hundred years old impressive building. It was built as the headquarters of the Bank of Scotland in 1806.
Corporate Structure:
The holding company of HBOS group is HBOS plc. The main three subsidiaries of HBOS are Bank of Scotland plc, Halifax Share Dealing Limited and HBOS group Insurance and Investment Group Limited. The Bank of Scotland plc as well as the HBOS group Insurance and Investment Group Limited have principal subsidiaries such as Bank of Scotland in Ireland,
Halifax General Insurance Services Limited, HBOS Australia Pty Ltd and its subsidiary, the Bank of Western Australia Ltd. Other subsidiaries are Halifax Life Limited and Clerical Medical Investment Group Limited (Life Assurance), Halifax Investment Fund Managers Limited (OEIC management), Insight Investment Management Limited (Investment Management Limited), St. James Place plc (Financial Services), St. Andrews Insurance plc and Lex Vehicle Leasing (Holdings) Ltd.
Different Facilities of Halifax:
It is possible to bank with them in anyway customers want: through direct personal contact, on the phone and online.
Halifax Online gives information about bank accounts, loans, mortgages and credit cards, insurance, estate agency and share dealing. It is a financial controller that is extremely fast and safe to meet your online needs. There are many facilities which are easy to use like moving or switching accounts, branch banking, telephone banking, relationship banking and cash services.
Halifax offer a range of bank accounts like current account, high interest current account, ultimate reward current account, card cash, easy cash, express cash, student account and international banking and payment services. To move over to
Halifax is extremely easy. They even offer the added advantage of providing interest when switching accounts. Besides, the overdraft is given free of charge for about 120 days so as to cover the customer’s outgoings. Halifax Secure enables customers to safely and freely shop. The Group have become successful by providing everything the customers expect from a bank.
