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Bank accounts used by SMEs in the United Kingdom 2019

This statistic illustrates the share of respondent that use a business or current account for their small and medium enterprises (SMEs) in the United Kingdom in 2019. It can be seen that the majority of individuals surveyed (95 percent), stated that they used a current account in the name of the business for business purposes. Only two percent of respondents stated that they use a personal current account for business purposes.

Is the main bank or building society account you use for business purposes a business or current account?

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Source

Release date

June 2020

Region

United Kingdom

Survey time period

July 2019 to February 2020

Number of respondents

8,406 respondents

Method of interview

Computer-assisted telephone interviews (CATI)

Supplementary notes

* Respondent refused to answer the survey question.
Survey was conducted among small and medium businesses with employees. Three categories were distinguished, based on employees numbers: micro businesses (1 to 9 employees), small businesses (10 to 49 employees) and medium businesses (50 to 250 employees).

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Statistics on "Current bank accounts in the United Kingdom (UK)"

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