Reasons for not using a neobank as a primary bank account in the UK 2019

Published by Statista Research Department, May 31, 2022
In the United Kingdom (UK), the main reasons why people did not have a neobank such as Monzo or Revolut as their primary bank provider was due to lack of brand awareness.

UK: why don’t you use one of the neobanks like Monzo or Revolut as your primary bank provider?

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Release date

February 2020

Region

United Kingdom

Survey time period

August 2019

Number of respondents

2,001 respondents

Age group

16 years and older

Supplementary notes

This question was phrased by the source as follows: "Why don’t you use one of the neobanks like Monzo or Revolut as your primary bank provider?".

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