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In the United Kingdom (UK), the main reasons why people did not have a neobank such as Monzo or Revolut as their primary bank provider was due to lack of brand awareness.
UK: why don’t you use one of the neobanks like Monzo or Revolut as your primary bank provider?
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Other statistics that may interest you Digital banks in the United Kingdom
Market overview
5
- Premium Statistic Number of customers at selected digital banks in Europe 2023
- Premium Statistic Number of European online banking app downloads worldwide 2015-2023, by bank
- Premium Statistic Largest European digital banks 2024, by funding amount
- Premium Statistic Leading online bank unicorns in Europe 2023, by market value
- Basic Statistic Largest European digital banks 2024, by number of countries of operation
Revolut
8
- Premium Statistic Key figures of Revolut 2022
- Premium Statistic Key financial figures of Revolut 2017-2022
- Premium Statistic Total assets of Revolut 2015-2022
- Premium Statistic Profit/loss after tax of Revolut 2015-2022
- Premium Statistic Revenue of Revolut 2015-2022
- Premium Statistic Key growth figures of Revolut 2022
- Premium Statistic Number of Revolut bank app downloads worldwide 2015-2023
- Premium Statistic Number of Revolut downloads worldwide 2024, by country
Starling Bank
5
- Premium Statistic Key figures of Starling Bank Group 2023
- Premium Statistic Key financial figures of Starling Bank Group 2023
- Premium Statistic Number of Starling bank app downloads worldwide 2016-2023
- Premium Statistic Number of Starling bank app downloads worldwide 2024, by country
- Premium Statistic Ratio of customers won by Starling Bank in the UK 2018-2023
Monzo
7
- Premium Statistic Key figures of Monzo Bank 2018-2023
- Premium Statistic Key financial figures of Monzo Bank 2018-2023
- Premium Statistic Total assets of Monzo Bank 2016-2023
- Premium Statistic Customer deposits to Monzo Bank 2018-2023
- Premium Statistic Total equity of Monzo Bank 2016-2023
- Premium Statistic Number of Monzo bank app downloads worldwide 2016-2023
- Premium Statistic Number of Monzo bank app downloads worldwide 2024, by country
Atom Bank
6
- Premium Statistic Key financial figures of Atom Bank 2023
- Premium Statistic Key ratios of Atom Bank 2023
- Premium Statistic Total assets of Atom Bank 2017-2023
- Premium Statistic Total equity of Atom Bank 2017-2023
- Premium Statistic Operating profit/loss of Atom Bank 2017-2023
- Premium Statistic Number of Atom bank app downloads in the UK 2016-2023
Monese
6
- Premium Statistic Total assets of Monese 2016-2022
- Premium Statistic Revenue of Monese 2016-2022
- Premium Statistic Total profit/loss of Monese 2015-2022
- Premium Statistic Total equity of Monese 2015-2022
- Premium Statistic Number of Monese bank app downloads worldwide 2016-2023
- Premium Statistic Number of Monese bank app downloads worldwide 2023, by country
Further related statistics
18
- Profit/loss of Tandem Bank Limited UK 2017-2019
- Total assets of Tandem Bank Limited UK 2017-2019
- Total equity of Tandem Bank Limited UK 2016-2018
- Total income of Tandem Bank Limited UK 2016-2018
- ROE and ROA of major neobanks in Russia in 2018
- Estimated worth of leading neobanks in Russia in 2018
- Revolut app monthly downloads in Europe 2018-2020, by country
- Share of Revolut bank app downloads worldwide 2023, by country
- Market share of Tinkoff Bank in Russia in 2021, by type of business
- Change in Revolut spending in Poland 2020, by type
- Change in the number of e-commerce, P2P, FX transactions via Revolut in Poland 2020
- Digital challenger banks funding rounds worldwide 2017-H1 2020, by stage
- Closing banks: consequences on bank charges in France 2015
- Carrefour Banque: values of financial ratios by type 2014-2022
- Carrefour Banque: annual results in Europe 2014-2018
- Ratio of customers won or lost by Lloyds bank in the UK Q2 2018-Q1 2023
- Education level of online wealth management male users in China 2018
- Revenue of the workwear industry in Italy 2010-2020
Further Content: You might find this interesting as well
Statistics
- Profit/loss of Tandem Bank Limited UK 2017-2019
- Total assets of Tandem Bank Limited UK 2017-2019
- Total equity of Tandem Bank Limited UK 2016-2018
- Total income of Tandem Bank Limited UK 2016-2018
- ROE and ROA of major neobanks in Russia in 2018
- Estimated worth of leading neobanks in Russia in 2018
- Revolut app monthly downloads in Europe 2018-2020, by country
- Share of Revolut bank app downloads worldwide 2023, by country
- Market share of Tinkoff Bank in Russia in 2021, by type of business
- Change in Revolut spending in Poland 2020, by type
- Change in the number of e-commerce, P2P, FX transactions via Revolut in Poland 2020
- Digital challenger banks funding rounds worldwide 2017-H1 2020, by stage
- Closing banks: consequences on bank charges in France 2015
- Carrefour Banque: values of financial ratios by type 2014-2022
- Carrefour Banque: annual results in Europe 2014-2018
- Ratio of customers won or lost by Lloyds bank in the UK Q2 2018-Q1 2023
- Education level of online wealth management male users in China 2018
- Revenue of the workwear industry in Italy 2010-2020
Qudini. (February 6, 2020). UK: why don’t you use one of the neobanks like Monzo or Revolut as your primary bank provider? [Graph]. In Statista. Retrieved May 04, 2024, from https://www.statista.com/statistics/1172608/main-reasons-people-do-not-use-a-app-based-bank-as-their-primary-account-united-kingdom/
Qudini. "UK: why don’t you use one of the neobanks like Monzo or Revolut as your primary bank provider?." Chart. February 6, 2020. Statista. Accessed May 04, 2024. https://www.statista.com/statistics/1172608/main-reasons-people-do-not-use-a-app-based-bank-as-their-primary-account-united-kingdom/
Qudini. (2020). UK: why don’t you use one of the neobanks like Monzo or Revolut as your primary bank provider?. Statista. Statista Inc.. Accessed: May 04, 2024. https://www.statista.com/statistics/1172608/main-reasons-people-do-not-use-a-app-based-bank-as-their-primary-account-united-kingdom/
Qudini. "Uk: Why Don’t You Use One of The Neobanks like Monzo or Revolut as Your Primary Bank Provider?." Statista, Statista Inc., 6 Feb 2020, https://www.statista.com/statistics/1172608/main-reasons-people-do-not-use-a-app-based-bank-as-their-primary-account-united-kingdom/
Qudini, UK: why don’t you use one of the neobanks like Monzo or Revolut as your primary bank provider? Statista, https://www.statista.com/statistics/1172608/main-reasons-people-do-not-use-a-app-based-bank-as-their-primary-account-united-kingdom/ (last visited May 04, 2024)
UK: why don’t you use one of the neobanks like Monzo or Revolut as your primary bank provider? [Graph], Qudini, February 6, 2020. [Online]. Available: https://www.statista.com/statistics/1172608/main-reasons-people-do-not-use-a-app-based-bank-as-their-primary-account-united-kingdom/