The share of UK respondents who claimed to have no access to a banking account almost disappeared between several surveys held between 2011 and 2021. According to a three-year survey, the "unbanked" population in the UK - or those who or those who did not access to the services of a bank or another, similar financial organization - was nearly zero percent by 2021. The report adds that men in the United Kingdom were more likely than women to be financially excluded from services like ATM machines, credit cards, or financial products like insurance or mortgages. The declining figures for unbanked population are reflected in the
Share of unbanked individuals in the United Kingdom (UK) in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level
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Other statistics that may interest you Digital payment types in the United Kingdom (UK)
Market share
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- Premium Statistic Annual level of cash payments in the UK 2000-2021
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Penetration
8
- Premium Statistic Penetration rate of credit cards in the United Kingdom 2014-2029
- Premium Statistic Penetration rate of debit cards in the United Kingdom 2014-2029
- Premium Statistic Quarterly adoption of mobile payments at POS in the UK 2018-2023
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- Premium Statistic Quarterly market share of outgoing digital remittances in the UK 2016-2023
Biggest brands
7
- Premium Statistic Biggest international and domestic payment card schemes in the UK 2016-2022
- Premium Statistic Biggest contactless payment brands at POS in the UK 2024
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- Premium Statistic Biggest buy now, pay later (BNPL) apps in the UK 2015-2023, based on downloads
- Premium Statistic Biggest cryptocurrency wallets in the UK 2015-2023, based on downloads
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- Premium Statistic Quarterly market share of outgoing remittance brands in the UK 2011-2023
Users
7
- Premium Statistic Annual credit card and debit cards issued in the UK 2000-2022
- Premium Statistic Triennial credit card penetration in the UK 2011-2024, by demographic
- Premium Statistic Triennial debit card penetration in the UK 2011-2024, by demographic
- Premium Statistic Preference for payment by smartwatch in the UK in 2023, by age and gender
- Premium Statistic Top 10 countries worldwide based on number of buy now, pay later (BNPL) users 2022
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Transaction value
7
- Premium Statistic Annual credit card spending in the UK 2012-2022, in local currency and USD
- Premium Statistic Annual debit card spending in the UK 2012-2022, in local currency and USD
- Premium Statistic Annual contactless spending in the UK 2014-2022, in local currency and USD
- Premium Statistic Global QR payment market size in 2020 with forecasts to 2025, by region
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- Premium Statistic Annual instant payment spending in the UK 2008-2022, in local currency and USD
- Premium Statistic Buy now, pay later (BNPL) statistics in the UK as of 2020
Number of transactions
7
- Premium Statistic Annual number of credit card transactions in the UK 2012-2022, per capita
- Premium Statistic Size of a credit card transaction in the UK 2012-2022, in local currency and USD
- Premium Statistic Annual number of debit card transactions in the UK 2012-2022, per capita
- Premium Statistic Size of a debit card transaction in the UK 2012-2022, in local currency and USD
- Premium Statistic Top 10 countries worldwide with highest number of contactless card transactions 2022
- Premium Statistic Annual number of real-time payments in the UK in 2023, with a 2028 forecast
- Premium Statistic Annual number of instant payment transactions in the UK 2008-2022
Miscellaneous
7
- Premium Statistic Annual number of POS terminals in the UK 2012-2022
- Premium Statistic Triennial unbanked population share in the UK 2011-2024, by demographic
- Premium Statistic Internet users in the United Kingdom 2014-2029
- Premium Statistic Mobile internet usage reach in the United Kingdom 2014-2029
- Premium Statistic Online retail sales in the United Kingdom (UK) 2012-2022
- Premium Statistic Main cross-border online shopping markets in the UK 2022, by market share
- Premium Statistic Annual value of outgoing and incoming remittance flow in the UK 2021, by country
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Statista. (March 11, 2024). Share of unbanked individuals in the United Kingdom (UK) in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level [Graph]. In Statista. Retrieved June 17, 2024, from https://www.statista.com/statistics/1370573/access-to-financial-services-in-uk/
Statista. "Share of unbanked individuals in the United Kingdom (UK) in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level." Chart. March 11, 2024. Statista. Accessed June 17, 2024. https://www.statista.com/statistics/1370573/access-to-financial-services-in-uk/
Statista. (2024). Share of unbanked individuals in the United Kingdom (UK) in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level. Statista. Statista Inc.. Accessed: June 17, 2024. https://www.statista.com/statistics/1370573/access-to-financial-services-in-uk/
Statista. "Share of Unbanked Individuals in The United Kingdom (Uk) in 2011, 2014, 2017 and 2021 with a Forecast for 2024, by Age, Gender, and Income Level." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/1370573/access-to-financial-services-in-uk/
Statista, Share of unbanked individuals in the United Kingdom (UK) in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level Statista, https://www.statista.com/statistics/1370573/access-to-financial-services-in-uk/ (last visited June 17, 2024)
Share of unbanked individuals in the United Kingdom (UK) in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level [Graph], Statista, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/1370573/access-to-financial-services-in-uk/