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Over 265,000 UK current accounts switched in Q3 2025, driven by digital banking and incentives.
Over 265,000 UK current account switches occurred in the third quarter of 2025, driven by better digital banking, customer service, and incentives like Nationwide’s £175 bonus, which helped the building society gain over 54,000 new customers—the most of any bank.
Co-op Bank, Monzo, and HSBC each added around 8,000 to 9,000 accounts, while Santander, Barclays, and Halifax lost tens of thousands.
More than a million switches have happened in the past year, with mobile and online banking cited as the top reason for satisfaction by 44% of switchers.
The Current Account Switch Service, operated by Pay.UK, continues to support seamless transitions, though self-managed switches are not included in the data.
Más de 265.000 cuentas corrientes del Reino Unido cambiaron en el tercer trimestre de 2025, impulsadas por la banca digital y los incentivos.