Reasons for using multiple banks for current accounts UK 2015

Published by Statista Research Department, Apr 15, 2015
This statistic shows the reasons account holders gave for using multiple banks for their current accounts in the United Kingdom (UK) as of the first quarter of 2015. It was reported that the main reason for using different banks was to have an access to better rates or deals, with 26% of respondents having mentioned this reason.

Account holders' reasons for using more than one bank for their current accounts 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

1,011*

Age group

18 years and older

Special properties

multiple account holders with different banks.

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, 1,011 had multiple current accounts with different banks.

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