Harrods Bank Limited is a private personalized banking service which operates from the Harrods

Harrods

Harrods is an upmarket department store located in Brompton Road in Brompton, in the Royal Borough of Kensington and Chelsea, London. The Harrods brand also applies to other enterprises undertaken by the Harrods group of companies including Harrods Bank, Harrods Estates, Harrods Aviation and Air...

 store in Knightsbridge

Knightsbridge

Knightsbridge is a road which gives its name to an exclusive district lying to the west of central London. The road runs along the south side of Hyde Park, west from Hyde Park Corner, spanning the City of Westminster and the Royal Borough of Kensington and Chelsea...

. Harrods Bank was started in 1893. The bank made a trading loss of £391,633 in 2010.

In 1991 the House of Commons Trade and Industry Committee ordered the Governor of the Bank of England

Governor of the Bank of England

The Governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the Bank, with the incumbent grooming his or her successor...

, Robin Leigh-Pemberton

Robin Leigh-Pemberton, Baron Kingsdown

Robert "Robin" Leigh-Pemberton, Baron Kingsdown, is a crossbencher on the House of Lords, and was formerly a lawyer and banker....

, to order the owners of Harrods, Mohamed Al-Fayed

Mohamed Al-Fayed

Mohamed Abdel Moneim Al-Fayed is an Egyptian businessman and billionaire. Amongst his business interests are ownership of the English Premiership football team Fulham Football Club, Hôtel Ritz Paris and formerly Harrods Department Store, Knightsbridge...

, and his brother Ali Al-Fayed

Ali al-Fayed

Ali Al-Fayed is an Egyptian businessman and UK citizen. He is Mohamed Al-Fayed's younger brother.Ali Al-Fayed has interests in Harrods, which he bought in 1985, and the Hôtel Ritz Paris, bought in 1979. Both these businesses were bought with his older brother, Mohamed Al-Fayed...

, to transfer control of the Harrods Bank to trustees, after they found that the Fayeds were not "fit and proper" to run the bank.

In October 2009, Harrods Bank started to sell gold bars and coins that customers can buy "off the shelf". The gold products range from 1g to 12.5kg, and can be purchased within the Bank. Harrods Bank also offer storage services, as well as the ability to sell back gold to the bank in the future.

Services

• High Value Current Account
• High Value Deposit Account
• High Value Capital Account
• The Harrods Bank Card
• Foreign Currency and Traveller's Cheques
• Personal Loans, Mortgages and Overdrafts
• Business Services
• Personal Code Word Identification
• Professional Studies Account