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Current Accounts - UK - July 2017

Current Accounts - UK - July 2017

“Regulatory measures aim to increase competition in the market, ensuring established providers will have to work harder to attract and retain customers. Open Banking should make it easier for people to compare and identify products that are better suited to their needs. However, the biggest challenge will be encouraging people to review their arrangements in the first place.”

– Jessica Galletley, Financial Services Analyst

This report examines the following:

Changes to current account terms prompt people to review their arrangements
Consumers most likely to share data with their main bank
Open Banking will put pressure on providers to offer competitive overdraft charges

TOC available on request

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