Secure Trust Bank PLC

Secure Trust Bank PLC

July 11, 2011 04:00 ET

Secure Trust Bank Current Account Receives 3-Star Fairbanking Seal of Approval

LANCASTER, UNITED KINGDOM--(Marketwire - July 11, 2011) - Secure Trust Bank PLC is pleased to announce that its hard work to help their customers has been recognised with the award of a three-star Fairbanking Mark by the Fairbanking Foundation. Secure Trust Bank is one of only four banking organisations in the UK to be recognised for assisting consumers with money management issues. The award has been made in recognition of their Current Account. The Fairbanking Foundation, which bestowed the accolade, is an independent, not-for-profit research organisation that recognises banking products that help people better manage their money.

Welcoming the award, Paul Lynam, Chief Executive Officer of Secure Trust Bank, said: "We are delighted to be the recipient of a hard-earned Fairbanking Mark. Secure Trust Bank provides simple, straight-forward, transparent and value-for-money banking solutions. Our net customer numbers are growing at nearly 3% per month, every month. This extraordinary demand for the financial offerings in our range, which we do not aggressively market, shows that our blend of old fashioned values and new age technology is an approach which appeals to UK consumers.

"The award of this accreditation by an independent charitable foundation is welcome recognition of the very helpful features which make up the foundation of our current account. We are committed to making a real, positive, difference for UK consumers. The Fairbanking award confirms we are on the right track with our plans which will see us continue to grow as we invest in our products and services over the course of the coming year and beyond."

Antony Elliott, Director of the Fairbanking Foundation said: "The Fairbanking Mark programme is an important step in our efforts to encourage banking firms to improve the financial well-being of their customers through offering products better designed to do so. Like standards for car safety, the initiative will serve to provide clarity as to which products are the most helpful and over time will drive up standards as these measures become an increasingly significant part of competition."

Notes for Editors

Secure Trust Bank PLC is a leading provider of simple, transparent and value-for-money banking solutions. Offering a basic Current Account with a MasterCard® Prepaid Card and a range of savings products we aim to empower our customers with ultimate control over their finances.

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