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flag Over 265,000 UK current accounts switched in Q3 2025, driven by digital banking and incentives.

flag 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. flag Co-op Bank, Monzo, and HSBC each added around 8,000 to 9,000 accounts, while Santander, Barclays, and Halifax lost tens of thousands. flag 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. flag The Current Account Switch Service, operated by Pay.UK, continues to support seamless transitions, though self-managed switches are not included in the data.

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