The share of customers aware of the Current Account Switch Service introduced by Payments Council in the United Kingdom (UK) increased overall until October 2017, when it peaked at 84 percent. However, it decreased with fluctuations since then. As of December 2022, 75 percent of respondents contacted declared that they were aware of the availability of the account switching service.
Share of customers aware of Payment Council's Current Account Switch Service in the United Kingdom (UK) from January 2016 to December 2022
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Bacs. (January 17, 2023). Share of customers aware of Payment Council's Current Account Switch Service in the United Kingdom (UK) from January 2016 to December 2022 [Graph]. In Statista. Retrieved June 06, 2023, from https://www.statista.com/statistics/416738/current-account-switch-service-customer-awareness-levels-uk/
Bacs. "Share of customers aware of Payment Council's Current Account Switch Service in the United Kingdom (UK) from January 2016 to December 2022." Chart. January 17, 2023. Statista. Accessed June 06, 2023. https://www.statista.com/statistics/416738/current-account-switch-service-customer-awareness-levels-uk/
Bacs. (2023). Share of customers aware of Payment Council's Current Account Switch Service in the United Kingdom (UK) from January 2016 to December 2022. Statista. Statista Inc.. Accessed: June 06, 2023. https://www.statista.com/statistics/416738/current-account-switch-service-customer-awareness-levels-uk/
Bacs. "Share of Customers Aware of Payment Council's Current Account Switch Service in The United Kingdom (Uk) from January 2016 to December 2022." Statista, Statista Inc., 17 Jan 2023, https://www.statista.com/statistics/416738/current-account-switch-service-customer-awareness-levels-uk/
Bacs, Share of customers aware of Payment Council's Current Account Switch Service in the United Kingdom (UK) from January 2016 to December 2022 Statista, https://www.statista.com/statistics/416738/current-account-switch-service-customer-awareness-levels-uk/ (last visited June 06, 2023)
Share of customers aware of Payment Council's Current Account Switch Service in the United Kingdom (UK) from January 2016 to December 2022 [Graph], Bacs, January 17, 2023. [Online]. Available: https://www.statista.com/statistics/416738/current-account-switch-service-customer-awareness-levels-uk/