The annual total number of customers who switched their current bank account provider in the United Kingdom (UK) fluctuated significantly over the years between 2012 and 2023, with an overall decreasing trend until 2022. In the period between July 2022 and June 2023, however, account switches reached a record high of 1.28 million. This was significantly higher than in the previous year, and suppressed the switches of 2014, when 1.16 million people switched accounts.
Annual number of customers switching their current bank account provider in the United Kingdom (UK) from 2012 to 2023
(in millions)
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Pay.UK. (July 18, 2023). Annual number of customers switching their current bank account provider in the United Kingdom (UK) from 2012 to 2023 (in millions) [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/417417/number-of-switching-current-bank-accounts-annually-uk/
Pay.UK. "Annual number of customers switching their current bank account provider in the United Kingdom (UK) from 2012 to 2023 (in millions)." Chart. July 18, 2023. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/417417/number-of-switching-current-bank-accounts-annually-uk/
Pay.UK. (2023). Annual number of customers switching their current bank account provider in the United Kingdom (UK) from 2012 to 2023 (in millions). Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/417417/number-of-switching-current-bank-accounts-annually-uk/
Pay.UK. "Annual Number of Customers Switching Their Current Bank Account Provider in The United Kingdom (Uk) from 2012 to 2023 (in Millions)." Statista, Statista Inc., 18 Jul 2023, https://www.statista.com/statistics/417417/number-of-switching-current-bank-accounts-annually-uk/
Pay.UK, Annual number of customers switching their current bank account provider in the United Kingdom (UK) from 2012 to 2023 (in millions) Statista, https://www.statista.com/statistics/417417/number-of-switching-current-bank-accounts-annually-uk/ (last visited November 26, 2024)
Annual number of customers switching their current bank account provider in the United Kingdom (UK) from 2012 to 2023 (in millions) [Graph], Pay.UK, July 18, 2023. [Online]. Available: https://www.statista.com/statistics/417417/number-of-switching-current-bank-accounts-annually-uk/
