Uk Current Account Switching Statistics

Another set of uk 7 day current account switching statistics is released and another fall in annual switching is revealed.

Uk current account switching statistics.

Bacs publishes a range of statistics including. Furthermore in 2017 switches totalled 931 956. This statistic presents the volume of bank account switching using the new current account switch service cass. Cass annual report 2019.

Processing volumes the history of transactions for both direct debit and bacs direct credit and various statistics and research papers about the current account switch service. Current account balance for united kingdom from u k. In 2019 1 2 million uk residents had no current account over a period of 12 months from april 2018 to march 2019 there were 921 065 switches through the current account switch service those under 35 are 3 times more likely to actively think about switching than those aged over 55. Offered by the payment s council listed for leading united kingdom uk banks by.

Between 1 april 2018 and 31 march 2019 there were 921 065 current account switches in the uk. Current account switch service statistics. The latest figures for the current account switch service show that 265 195 switches were successfully completed in the first quarter of 2019 taking the total since the service launched in 2013 to over 5 6 million switches. Latest news and press releases from bacs.

In comparison in the whole of 2018 there were 929 070 switches. In the past 12 months 1 july 2018 to 30 june 2019 there were 941 708 switches. Uk interbank payment schemes. Office for national statistics ons for the balance of payments release.

That is down 2 4 from 965 317 switches in the 12 month period to end june 2018. Everything you need to know about using the current account switch service to transfer your bank account. Yearly current bank account switching numbers in the united kingdom uk 2012 2019 percentage of bank clients switched main current bank account in the uk 2011 2014 uk banking.