“Although current account providers continue to scale down benefits, competition is high when it comes to innovation. People are increasingly banking with more than one provider, and many are willing to pay for the right products and services for their needs. But providers must get the basics right first, starting with mobile banking, while regulation is focusing on extending the benefits of competition and protecting those vulnerable and left behind ...
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Overview
Overview
This report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered. Market
Market
Mintel provides a range of market information across categories including: forecasting and share information; internal and broader market environment information; and the issues that affect the market in question.
The Market – What You Need to Know
Market Size
Channels to Market
Market Drivers
Regulatory and Legislative Changes
Consumer
Consumer
Mintel conducts exclusive and original consumer research for reports, bringing up-to-date and unique insight to topical issues. This research examines the impact of social, economic, cultural and psychological influences on consumers.
The Consumer – What You Need to Know
Current Account Ownership
Ownership by Type of Current Account
Reasons to Pay for a Current Account
Reasons for Owning More Than One Current Account
Usage of and Attitudes towards Overdrafts
Mobile Banking: Usage and Motivators
Attitudes towards Current Accounts and Retail Banking
Brand/Company
Brand/Company
Our brand research provides data and informed analysis across a number of consumer metrics including usage, satisfaction, recommendation, momentum and trust. It also explores consumer attitudes towards brands and examines the reasons behind these.
Companies and Brands – What You Need to Know
Market Share
Switching Activity
Competitive Strategies & Launch Activity
Challengers & Disruption
Advertising and Marketing Activity
Data
Data
Reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
Appendix – Data Sources, Abbreviations and Supporting Information
29th September 2020
“Following worrying annual results and the shock from COVID-19, Monzo’s search for profitability is more pressing than ever. Its latest attempts include new fees and a new version of Monzo Plus, both of which aim at increasing account primacy. Although the initial reception has been positive, Monzo will be under ... 
13th August 2020
“COVID-19 led to an increase in the number of people signing up to a range of subscription style services, from video streaming, to online grocery shopping. However the outbreak has also led to a desire to cut back on non-essential expenditure. The launch of Lloyds Subscription Management Service offers an ...
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Multi-banking only likely to increase further
