Uk Current Account Switching Statistics

In comparison in the whole of 2018 there were 929 070 switches.

Uk current account switching statistics.

The rate of decline has at least slowed. Uk interbank payment schemes. This page provides forecast and historical data charts statistics news and updates for united kingdom current account balance. Current account balance for united kingdom from u k.

Yearly current bank account switching numbers in the united kingdom uk 2012 2019 percentage of bank clients switched main current bank account in the uk 2011 2014 uk banking. Cass annual report 2019. Another set of uk 7 day current account switching statistics is released and another fall in annual switching is revealed. This statistic presents the volume of bank account switching using the new current account switch service cass.

Everything you need to know about using the current account switch service to transfer your bank account. In the past 12 months 1 july 2018 to 30 june 2019 there were 941 708 switches. Bacs publishes a range of statistics including. Office for national statistics ons for the balance of payments release.

That is down 2 4 from 965 317 switches in the 12 month period to end june 2018. Processing volumes the history of transactions for both direct debit and bacs direct credit and various statistics and research papers about the current account switch service. Offered by the payment s council listed for leading united kingdom uk banks by. The days of over one million current account switches in the uk such as in 2016 seem to be long gone.

Current account switch service statistics. In 2019 1 2 million uk residents had no current account over a period of 12 months from april 2018 to march 2019 there were 921 065 switches through the current account switch service those under 35 are 3 times more likely to actively think about switching than those aged over 55. Latest news and press releases from bacs.