The highest number of basic bank accounts that were open as of the end of June 2022 in the United Kingdom was at Lloyds Banking Group (including Halifax and Bank of Scotland brands). The number of accounts open with Lloyds Banking Group as of the June 30, 2022 was roughly 2.23 million. Lloyds Banking Group was followed by Nationwide and NatWest.
Total number of open basic bank accounts in the United Kingdom (UK) as of June 2022, by bank
(in 1,000s)
The source added the following information "The Payment Accounts Regulations 2015 require the 9 largest personal current account (PCA) providers to offer basic bank accounts that are fee-free for standard operations, including a failed payment, removing the risk that customers run up unintended overdrafts. Basic bank account customers are able to use the same services (e.g. ATM and Post Office counter access) as a financial institution’s other PCA customers. These 9 institutions are: Barclays, Clydesdale, Co-operative Bank, HSBC, Lloyds Banking Group (including Halifax and Bank of Scotland brands), Nationwide, NatWest (including Royal Bank of Scotland and Ulster Bank brands), Santander, and TSB."
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Statista estimates. (February 23, 2023). Total number of open basic bank accounts in the United Kingdom (UK) as of June 2022, by bank (in 1,000s) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/857662/number-of-basic-bank-accounts-per-bank-uk/
Statista estimates. "Total number of open basic bank accounts in the United Kingdom (UK) as of June 2022, by bank (in 1,000s)." Chart. February 23, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/857662/number-of-basic-bank-accounts-per-bank-uk/
Statista estimates. (2023). Total number of open basic bank accounts in the United Kingdom (UK) as of June 2022, by bank (in 1,000s). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/857662/number-of-basic-bank-accounts-per-bank-uk/
Statista estimates. "Total Number of Open Basic Bank Accounts in The United Kingdom (Uk) as of June 2022, by Bank (in 1,000s)." Statista, Statista Inc., 23 Feb 2023, https://www.statista.com/statistics/857662/number-of-basic-bank-accounts-per-bank-uk/
Statista estimates, Total number of open basic bank accounts in the United Kingdom (UK) as of June 2022, by bank (in 1,000s) Statista, https://www.statista.com/statistics/857662/number-of-basic-bank-accounts-per-bank-uk/ (last visited November 21, 2024)
Total number of open basic bank accounts in the United Kingdom (UK) as of June 2022, by bank (in 1,000s) [Graph], Statista estimates, February 23, 2023. [Online]. Available: https://www.statista.com/statistics/857662/number-of-basic-bank-accounts-per-bank-uk/
