An introduction to Mutual Banking

Collaborating together in a community bank

"South West Mutual is seeking a banking licence for a new kind of bank. One that is owned by its members and so always puts their interests first. 

Our mutual structure and ethical principles are designed to build and maintain trust between the bank and its members.

We will not engage in financial speculation, or pay huge bonuses to staff for selling financial products.  


Financial inclusion is part of our mission, and we seek to make a positive social and environmental impact. "

Why a mutual bank?

Our Executive Director, Tony Greenham  explains why a mutual bank is right for the South West region. 

Supporting regional prosperity

We think that smaller regional businesses, and social, community and charitable enterprises are often at the bottom of the to-do list at large national banks.

These enterprises are the backbone of the economy, and the focus of our attention. From high street heroes to digital innovators, we want to be the bank of choice for local businesses.

From the branch to the boardroom, we are passionate about the south west, and our purpose is to support inclusive and sustainable prosperity across the region. a community bank for the South West,

Lady serving coffee at christmas fair

Lady serving coffee at christmas fair 

Everyday banking

Debit card

We are seeking regulatory approval to offer the following products and services:  

CURRENT ACCOUNTS - with advanced money management and multi-channel access through mobile banking, web and branches. Available for personal and business customers.


LOANS - including overdrafts for personal and business customers.

PEOPLE AND BRANCHES - We believe that branch managers who know their communities well, make the best lending decisions. We are committed to providing branch facilities, so that you can choose how you want to bank.


Disclaimer: We intend to apply for a banking licence to the Prudential Regulation Authority and Financial Conduct Authority. We are not yet authorised as a bank so please do not take any information on this website as an invitation or inducement to apply to South West Mutual for any banking services or products.