Changing bank frequency in the United Kingdom 2020

Published by Statista Research Department, Feb 13, 2023
Most people in the United Kingdom had switched bank at least once in their life, as of 2020. Among them, more than 25 percent changed bank every three to five years. On the other hand, almost 20 percent of the respondents changed bank only once every 20 years.

Distribution of people who changed bank at least once in their life in the United Kingdom in 2020, by switching frequency

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Sources

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Release date

February 2021

Region

United Kingdom

Survey time period

2020

Number of respondents

2,000 respondents

Age group

18 years and older

Supplementary notes

The source did not report the survey date.

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