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Income of account holders who switched or did not switch bank accounts in UK 2015

This statistic displays the distribution of current account holders who switched and those who did not switch bank accounts in the last year in the United Kingdom (UK) as of the first quarter of 2015, listed by income brackets. It was reported that those with a higher income were more likely to have switched accounts (54 percent versus 41 percent who did not switch).

Account holders who switched or did not switch bank accounts in the last year in the United Kingdom (UK) in 2015, by income

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Sources

Release date

April 2015

Region

United Kingdom

Survey time period

February 12 to March 27, 2015

Number of respondents

3,190*

Age group

18 years and older

Method of interview

Telephone interview

Supplementary notes

* Nearly 4.55 thousand completed interviews out of the 120 thousand sample drawn from the personal current account holders databank, provided by all major UK banks. Data was weighted to correct oversampling.
n (switched) = 109 and n (did not switch) = 3,081.

** High income: £24,000 or more per year
Medium income: £12,000 to £23,999 per year
Low income: less than £12,000 per year.

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