On 8 May 2013, Sainsbury's announced it would buy the 50% share in the business owned by Lloyds Banking Group.

[8] In June 2024, it was announced the credit cards, loans and savings accounts had been acquired by NatWest in a deal due for completion by March 2025.

The Sainsbury's Bank brand, its cash machines, insurance and travel money businesses were not included.

[9][10] The bank provides a range of financial products including travel money, insurance, credit cards, savings and loans, having withdrawn from the mortgage market in 2019.

Sainsbury's Bank products are linked to the Nectar reward scheme and can be applied for online or by telephone.