Reasons for switching current bank accounts UK 2015

Published by Statista Research Department, Apr 15, 2015
This statistic shows the reasons account holders gave for switching bank accounts in the last year in the United Kingdom (UK) as of the first quarter of 2015. It was reported that the main reasons for switching bank accounts was because of better interest rates, deals, products or account conditions elsewhere.

Account holders' reasons for switching bank accounts in the last year in the United Kingdom (UK) in 2015

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Release date

April 2015

Region

United Kingdom

Survey time period

February 12 to March 27, 2015

Number of respondents

339*

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.
Among the 4.55 thousand, 339 had switched bank accounts in the last year.

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