UK: customers switching current bank account 2023

The number of customers who switched their current bank account provider in the United Kingdom (UK) reached a total of approximately 114,000 as of June 2023. The number of monthly switching volumes increased significantly in the first half of 2023, reaching more than 150,000 switches in March 2023, which was the second largest number of switches throughout the entire observed period.

Number of customers switching their current bank account providers in the United Kingdom (UK) from January 2016 to June 2023 (in 1,000s)

Characteristic	Number of switches in thousands
Jun 2023	114.14
May 2023	105.3
Apr 2023	118.76
Mar 2023	155.12
Feb 2023	119.98
Jan 2023	65.98
Dec 2022	100.3
Nov 2022	157.38
Oct 2022	118.43
Sep 2022	90.45
Aug 2022	74.46
Jul 2022	57.2
Jun 2022	62.74
May 2022	64.09
Apr 2022	64.96
Mar 2022	79.17
Feb 2022	72.08
Jan 2022	45.72
Dec 2021	63.22
Nov 2021	90.86
Oct 2021	94.82
Sep 2021	88.84
Aug 2021	62.6
Jul 2021	61.16
Jun 2021	58.03
May 2021	61.45
Apr 2021	63.27
Mar 2021	63.72
Feb 2021	42.4
Jan 2021	31.85
Dec 2020	41.36
Nov 2020	80.98
Oct 2020	66.94
Sep 2020	62.51
Aug 2020	44.17
Jul 2020	29.9
Jun 2020	27.97
May 2020	28.68
Apr 2020	41.55
Mar 2020	113.04
Feb 2020	96.12
Jan 2020	71.36
Dec 2019	72.51
Nov 2019	90.09
Oct 2019	99.51
Sep 2019	78.94
Aug 2019	66.95
Jul 2019	81.86
Jun 2019	83.46
May 2019	84.91
Apr 2019	78.61
Mar 2019	92.99
Feb 2019	100.35
Jan 2019	71.85
Dec 2018	61.89
Nov 2018	88.5
Oct 2018	85.52
Sep 2018	62.1
Aug 2018	62.29
Jul 2018	69.24
Jun 2018	79.52
May 2018	77.98
Apr 2018	68.84
Mar 2018	102.27
Feb 2018	102.99
Jan 2018	68.21
Dec 2017	64.45
Nov 2017	110.77
Oct 2017	72.47
Sep 2017	60.3
Aug 2017	73.48
Jul 2017	84.04
Jun 2017	77.09
May 2017	72.9
Apr 2017	68.16
Mar 2017	95.99
Feb 2017	90.4
Jan 2017	61.91
Dec 2016	60.06
Nov 2016	77.98
Oct 2016	70.35
Sep 2016	71.16
Aug 2016	77.61
Jul 2016	85.59
Jun 2016	84.59
May 2016	79.23
Apr 2016	94.18
Mar 2016	124.62
Feb 2016	110.34
Jan 2016	74.72