has shown no signs of slowing down soon. According to a survey of British people that either already had an account with a digital-only bank or intended to do so in the next 5 years, the main reasons for having such an account was the convenience of banking online, and that digital banks are easier to use.
The popularity of non-physical, app-only banks has grown in recent years in the United Kingdom, and the trend Main reasons of opening digital only bank accounts in Great Britain in 2023
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Digital banks worldwide
Overview
7
- Premium Statistic Global market volume of neobanks 2017-2028
- Premium Statistic Leading challenger banks worldwide 2023, by valuation
- Premium Statistic Number of new challenger banks worldwide 2014-2022
- Premium Statistic Number of digital banks worldwide 2024, by region
- Premium Statistic Value of deposits at digital banks worldwide 2017-2023, with forecasts to 2028
- Premium Statistic Net interest income of digital banks worldwide 2017-2023, with forecasts to 2028
- Premium Statistic Net interest income of digital banks worldwide 2023, by country
Funding
3
Users
8
- Premium Statistic Mobile and online banking penetration worldwide 2023, by country
- Premium Statistic Number of customers at selected digital banks worldwide 2023
- Premium Statistic Number of customers at selected digital banks in the U.S. 2023
- Premium Statistic Number of customers at selected digital banks in Europe 2023
- Premium Statistic Number of users at selected digital banks in Latin America 2023
- Premium Statistic Leading neobanks in France 2023, by number of users
- Premium Statistic Estimated customer growth of Revolut 2018-2024
- Premium Statistic Number of European online banking app downloads worldwide 2015-2023, by bank
Opinions
8
- Premium Statistic Executives who see challenger banks as threat for traditional banking U.S. 2020-2023
- Premium Statistic Leading reasons for opening an app-only bank account Great Britain 2023
- Premium Statistic Neobanking and neobrokerage popularity in the U.S. 2023, by brand
- Premium Statistic Neobanking and neobrokerage popularity in the UK 2023, by brand
- Premium Statistic Neobanking and neobrokerage popularity in Germany 2023, by brand
- Premium Statistic Brand awareness and popularity of selected neobanks and neobrokers in India 2023
- Premium Statistic Brand awareness and popularity of selected neobanks and neobrokers in Brazil 2023
- Premium Statistic Brand awareness and popularity of selected neobanks and neobrokers in Mexico 2023
Leading players
8
- Premium Statistic Total assets of Nubank 2015-2022
- Premium Statistic Gross profit of Nubank 2019-2022
- Premium Statistic Total assets of Revolut 2015-2022
- Premium Statistic Profit/loss after tax of Revolut 2015-2022
- Premium Statistic Total assets of WeBank 2016-2022
- Premium Statistic Net profit of WeBank 2016-2022
- Premium Statistic Total assets of N26 2016-2021
- Premium Statistic Annual net profit/loss of N26 2016-2022
Further related statistics
15
- Leading reasons for staying with traditional bank account Great Britain 2023
- Number of active internet banking customers in Turkey 2014-2023
- Online banking services desired by Internet users in Spain in 2014, by type
- Share of interest in opening an account with a bank in Saudi Arabia 2016
- Preferred channels to open a deposit account in the U.S. 2015
- Direct bank mobile banking usage frequency South Korea 2019
- Usage rate of internet-only banks South Korea 2023, by age
- Digital banking users in the United Kingdom in 2015, by age group and usage frequency
- Italy: reasons for choosing an online bank 2017, by gender
- Number of U.S. digital banking users 2014-2019, by generation
- Share of consumers using P2P banking apps in India 2018 by age group
- Italy: improvement suggestions for online banking services 2018
- Share of U.S. Baby Boomers using digital banking 2014-2019
- Share of consumers using mobile apps for utility bills in India 2018 by age group
- Survey on who opened primary bank card in Russia 2021, by age group
Further Content: You might find this interesting as well
Statistics
- Leading reasons for staying with traditional bank account Great Britain 2023
- Number of active internet banking customers in Turkey 2014-2023
- Online banking services desired by Internet users in Spain in 2014, by type
- Share of interest in opening an account with a bank in Saudi Arabia 2016
- Preferred channels to open a deposit account in the U.S. 2015
- Direct bank mobile banking usage frequency South Korea 2019
- Usage rate of internet-only banks South Korea 2023, by age
- Digital banking users in the United Kingdom in 2015, by age group and usage frequency
- Italy: reasons for choosing an online bank 2017, by gender
- Number of U.S. digital banking users 2014-2019, by generation
- Share of consumers using P2P banking apps in India 2018 by age group
- Italy: improvement suggestions for online banking services 2018
- Share of U.S. Baby Boomers using digital banking 2014-2019
- Share of consumers using mobile apps for utility bills in India 2018 by age group
- Survey on who opened primary bank card in Russia 2021, by age group
finder.com. (February 22, 2023). Main reasons of opening digital only bank accounts in Great Britain in 2023 [Graph]. In Statista. Retrieved May 10, 2024, from https://www.statista.com/statistics/1121076/main-reasons-why-people-open-a-digital-only-bank-account-in-great-britain/
finder.com. "Main reasons of opening digital only bank accounts in Great Britain in 2023." Chart. February 22, 2023. Statista. Accessed May 10, 2024. https://www.statista.com/statistics/1121076/main-reasons-why-people-open-a-digital-only-bank-account-in-great-britain/
finder.com. (2023). Main reasons of opening digital only bank accounts in Great Britain in 2023. Statista. Statista Inc.. Accessed: May 10, 2024. https://www.statista.com/statistics/1121076/main-reasons-why-people-open-a-digital-only-bank-account-in-great-britain/
finder.com. "Main Reasons of Opening Digital Only Bank Accounts in Great Britain in 2023." Statista, Statista Inc., 22 Feb 2023, https://www.statista.com/statistics/1121076/main-reasons-why-people-open-a-digital-only-bank-account-in-great-britain/
finder.com, Main reasons of opening digital only bank accounts in Great Britain in 2023 Statista, https://www.statista.com/statistics/1121076/main-reasons-why-people-open-a-digital-only-bank-account-in-great-britain/ (last visited May 10, 2024)
Main reasons of opening digital only bank accounts in Great Britain in 2023 [Graph], finder.com, February 22, 2023. [Online]. Available: https://www.statista.com/statistics/1121076/main-reasons-why-people-open-a-digital-only-bank-account-in-great-britain/