This statistic displays the distribution of current account holders who switched and those who did not switch bank accounts in the last year in the United Kingdom (UK) as of the first quarter of 2015, listed by income brackets. It was reported that those with a higher income were more likely to have switched accounts (54 percent versus 41 percent who did not switch).
Account holders who switched or did not switch bank accounts in the last year in the United Kingdom (UK) in 2015, by income
Income**
Switched
Did not switch
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* 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.
n (switched) = 109 and n (did not switch) = 3,081.
** High income: £24,000 or more per year
Medium income: £12,000 to £23,999 per year
Low income: less than £12,000 per year.
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GfK Media and Communication Research, & Competition and Markets Authority. (April 15, 2015). Account holders who switched or did not switch bank accounts in the last year in the United Kingdom (UK) in 2015, by income [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/467295/switching-bank-accounts-income-profile-uk/
GfK Media and Communication Research, und Competition and Markets Authority. "Account holders who switched or did not switch bank accounts in the last year in the United Kingdom (UK) in 2015, by income." Chart. April 15, 2015. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/467295/switching-bank-accounts-income-profile-uk/
GfK Media and Communication Research, Competition and Markets Authority. (2015). Account holders who switched or did not switch bank accounts in the last year in the United Kingdom (UK) in 2015, by income. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/467295/switching-bank-accounts-income-profile-uk/
GfK Media and Communication Research, and Competition and Markets Authority. "Account Holders Who Switched or Did Not Switch Bank Accounts in The Last Year in The United Kingdom (Uk) in 2015, by Income." Statista, Statista Inc., 15 Apr 2015, https://www.statista.com/statistics/467295/switching-bank-accounts-income-profile-uk/
GfK Media and Communication Research & Competition and Markets Authority, Account holders who switched or did not switch bank accounts in the last year in the United Kingdom (UK) in 2015, by income Statista, https://www.statista.com/statistics/467295/switching-bank-accounts-income-profile-uk/ (last visited July 22, 2024)
Account holders who switched or did not switch bank accounts in the last year in the United Kingdom (UK) in 2015, by income [Graph], GfK Media and Communication Research, & Competition and Markets Authority, April 15, 2015. [Online]. Available: https://www.statista.com/statistics/467295/switching-bank-accounts-income-profile-uk/
