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The Current Account Switch Service unveils the UK’s Regional Switching Rankings
Northern Ireland was the busiest region for switching in Q2 with 5,667 switches, followed by Birmingham (5,558) and Sheffield (4,626) When London’s local areas are combined, it pulls ahead with 15...
25 September 2025
Those with over £15k in their bank account have recently received financial help from loved ones
Half of UK adults with over £15,000 in their current account have recently received financial support from a loved one 74% of over-55s with £15k+ plan to gift money to younger relatives – rising t...
28 August 2025
Bank of England cuts base rate as mortgage and savings rates continue to drop
In response to the Bank of England’s latest base rate decision, John Dentry, Product Owner of the Current Account Switch Service at Pay.UK, said: “The Bank of England is cautiously trying to encourage...
07 August 2025
Current Account Switch Service unveils SME and charity switching trends
Over 21,500 SME and charity accounts were switched in 2024 Monzo saw the highest net switching gains with 3,957 switches, followed by Lloyds (1,251) and NatWest (856) Research shows continued de...
01 July 2025
Consumers should consider their financial priorities as Bank of England holds interest rates
In response to the Bank of England’s latest base rate decision, John Dentry, Product Owner of the Current Account Switch Service at Pay.UK, said: “Nobody should envy the tightrope the Bank is walking,...
19 June 2025
It could pay to consider switching as UK sees uptick in consumer credit borrowing
Responding to the Bank of England’s Money and Credit statistics, John Dentry, Product Owner at the Current Account Switch Service commented: “The uptick in consumer credit borrowing reflects the finan...
28 May 2025
New research reveals one in four have less than £250 in their current account
A vast majority (77%) of consumers have less than one month’s average salary There has been a 15% decrease in the number of individuals with over £2,500 in their current account since 2021 Two-t...
16 May 2025
Consumers continue to switch as Bank of England holds interest rates
In response to the Bank of England’s latest base rate decision, John Dentry, Product Owner of the Current Account Switch Service at Pay.UK, said: “While the decision to hold the base rate at 4.5% mean...
20 March 2025
Global Money Week: Practical steps for building financial confidence
Taking the first steps toward financial independence can often feel daunting. However, building the knowledge and skills to make financial decisions ultimately builds financial resilience and wellbein...
26 February 2025
Bank of England lowering base rate may motivate consumers to switch
In response to the Bank of England’s latest base rate decision, John Dentry, Product Owner of the Current Account Switch Service at Pay.UK, said: “While the implications of today’s decision to lo...
06 February 2025
Top tips on how to feel more positive about your finances this Blue Monday
Often called the most depressing day of the year, Blue Monday comes at a time when the New Year good feeling has worn off, and post-holiday season bills, cold weather, darker nights and a lack of mot...
20 January 2025
Seal it with a switch: Make your joint account work for you this Valentine’s Day
With Valentines’ Day approaching, couples across the UK will be taking time to reflect on and celebrate their relationship. With 6 in 10 couples in the UK managing their shared finances through a join...
14 January 2025
Bank of England holds base rate, as banks continue to find new ways to compete for customers
In response to the Bank of England’s latest base rate decision, John Dentry, Product Owner of the Current Account Switch Service at Pay.UK, said: “While this may stabilise falling rates on savings acc...
29 November 2024
Young Adults Struggle with Financial Confidence and Understanding as Older Generations Lead the Way
New research from Pay.UK highlights a stark generational divide in financial confidence, with only 25% of Gen Z feeling “very confident” managing their finances, compared to 47% of Baby Boomers. Y...
13 November 2024
Freshers’ weak on financial literacy as just under half of UK students feel confident managing their money
New research from Pay.UK, owner and operator of the Current Account Switch Service, reveals that many students lack the confidence needed to manage their finances effectively, while also having a lack...
17 October 2024
Financial literacy gap: Half of UK adults claim good understanding of jargon but 71% don’t know how a savings account works
Three quarters of the UK consider themselves financially literate yet 29% don’t’ know how a savings account works Just over a third (35%) of men feel confident managing finances, compared to only ...
03 October 2024
Planning for the start of the new year signals an optimistic year for UK SME decision makers
Survey finds that UK SME decision makers are hopeful for a successful 2024, setting goals for increased revenues, winning new business and making the most of opportunities for business expansion ...
30 January 2024
‘FOMO’ drives Gen Z to spend beyond their means
Research from the Current Account Switch Service reveals that 23% of 18-24 year olds spend beyond their means ‘to avoid FOMO’, while 41% do so to ‘enjoy the here and now’ 27% of Gen Zs are using ...
14 September 2023
Three quarters of 18-24 year olds wish they had more financial education at school
New research from the Current Account Switch Service reveals that, despite 90% of Gen Zs speaking to someone about their financial situation, 55% are not confident when it comes to managing their fi...
11 September 2023