Sainsbury Bank PLC

Sainsbury Bank Plc History

Sainsbury's Bank plc was formed in February 1997 as a 50/50 joint venture between J Sainsbury plc and the Bank of Scotland. Based in the United Kingdom, Sainsbury's was the first major UK supermarket group to venture into banking. The company benefited from a massive headstart of over 11 million customers who visit Sainsbury's every week. Sainsbury offers credit cards, savings, insurance, mortgages and loans. Though its prime years were successful, Sainsbury's Bank began to struggle after the arrival of new CEO Justin King. This was partly due to an increase in competition and led to the resignation of the bank's Chief Executive Tim Pile in 2005.

The Sainsburysbank.co.uk website

The website offers an array of products from Insurances to Credit Cards, Savings Accounts to Loans and Online Banking. An excellent feature of the web site and all of Sainsburys products is that the site offers NECTAR points and savings for when you buy any of Sainsbury's available financial products.

Sainsbury Insurance services

• Sainsbury's Bank Travel Insurance
This includes single, extended, annual and short trip covers.

Application process:

Stage 1 Your Personal Details
Stage 2 Your Quote
Stage 3 Insurance Terms and Conditions
Stage 4 Your Health
Stage 5 Your Contact Details
Stage 6 Summary
Stage 7 Optional Purchase Cover

• Sainsbury's Bank Car Insurance
The sainsbury's car insurance quote and apply is a 7 stage process. As with all car insurance policies it is in depth and may require a number of documents from you, such as vehicle registration proofs. The quote takes between 5-10mins to complete and you will be able to buy stright away afterwards.


• Sainsbury's Bank Home Insurance
You can benenfit from up to 20% discount if you apply for Sainsbury's Home Insurance online

Stage 1 Your Personal Details
Stage 2 Your Premium
Stage 3 Your Contact Details
Stage 4 Summary
Stage 5 Optional Purchase Cover

• Sainsbury's Bank Pet Insurance
The insurance is split into four categories - pedigree cats, crossbreed cats, pedigree dogs and crossbreed dogs. The process of application is thorough with a 7 stage process that takes about 10 minutes.

• Sainsburys Bank Life Insurance
Sainsburys offer a comprehensive life insurance package. The application process is fast and simple 4 stage process consisting of:

Stage 1 Quote details
Stage 2 Application details
Stage 3 Payment details
Stage 4 Completion and quote

Sainsbury Financial Services

Sainsbury's also offers a whole range of finance services and provides an online baking demo and a 24 hour help line. The products and offering include:

• Savings
• Online Banking
• Borrowing
• Credit Cards

This section provides extensive and useful information on loans, detailing the types of loans available, giving instructions on how to apply for a loan; and useful tips on buying cars with helpful finance advice.

The website offers a loan calculator, which you will need to use to start the loan application process.

How to contact Sainsbury's

Although there is no direct telephone number for Insurance queries, the web site provides an online email form. For Sainsbury's Bank Online, you will need to phone on 0845 850 0092 as they uniquely deal with bank matters via the telephone.

Sainsbury's Bank web site Summary

All in all we found the Sainsbury's Bank web site simple and easy to use the content is good and there is loads of financial advice and tips. The site is simple to use so we give it a groovy rating of 5 stars:

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