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Number of online bank accounts in the UK 2017, by age group

Number of E-Money alternative account holders in the United Kingdom (UK) as of October 2017, by age group (in 1,000s)

by James Cherowbrier, last edited Nov 29, 2018
Number of online bank accounts in the UK 2017, by age group This statistic illustrates the estimated number of E-Money alternative accounts in the United Kingdom (UK) as of October 2017, by age group. In a survey conducted by the Financial Conduct Authority (FCA) in October 2017 it was calculated that approximately 700 thousand adults within the UK held an E-Money alternative account.
E-Money accounts are an alternative to a traditional bank account. The main benefits usually associated to E-Money accounts are the speed and security of money transfers globally as well as ease of use through online or mobile applications.

Of the 700 thousand UK adults with an E-Money alternative account, the most likely age group to own such a product were those aged between 25 and 34, amounting to approximately 161 thousand individuals. By contrast, approximately 14 thousand E-Money accounts were registered to adults aged over 75 as of October 2017.
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Number of E-Money alternative account holders in the United Kingdom (UK) as of October 2017, by age group (in 1,000s)

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