*data for 2015.
**The source states: "With the HSBC incentive a further £50 is paid after 12 months if the customer registered for online banking within 60 days of account opening, is still a current account customer and has met all account conditions in the intervening period."
Citation formats
Value of incentives for current account switching in the UK 2016, by provider
This statistic illustrates the value of selected current banking account switching incentives on the market in the United Kingdom (UK) as of June 2016, broken down by provider. It can be seen that the largest current account switching incentive offered reached a value *** British pounds at that time, with providers offering this switching incentive: Yorkshire Bank, Clydesdale Bank and HSBC. Although this is the case, if the extra ** British pounds offered by HSBC** were to be included, then HSBC alone would offer the largest switching incentive of the selected providers, at a total value of *** British pounds, at that time.
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Defaqto . (June 6, 2016). Value of selected current banking account switching incentives on the market in the United Kingdom as of June 2016, by provider [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 03, 2026, from /statistics/709236/value-of-selected-current-account-switching-incentives-by-provider-united-kingdom/
Defaqto . "Value of selected current banking account switching incentives on the market in the United Kingdom as of June 2016, by provider." Chart. June 6, 2016. ÌÇÐÄÆƽâ°æ. Accessed August 03, 2026. /statistics/709236/value-of-selected-current-account-switching-incentives-by-provider-united-kingdom/
Defaqto . (2016). Value of selected current banking account switching incentives on the market in the United Kingdom as of June 2016, by provider. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 03, 2026. /statistics/709236/value-of-selected-current-account-switching-incentives-by-provider-united-kingdom/
Defaqto . "Value of Selected Current Banking Account Switching Incentives on The Market in The United Kingdom as of June 2016, by Provider." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 6 Jun 2016, /statistics/709236/value-of-selected-current-account-switching-incentives-by-provider-united-kingdom/
Defaqto , Value of selected current banking account switching incentives on the market in the United Kingdom as of June 2016, by provider ÌÇÐÄÆƽâ°æ, /statistics/709236/value-of-selected-current-account-switching-incentives-by-provider-united-kingdom/ (last visited August 03, 2026)
Value of selected current banking account switching incentives on the market in the United Kingdom as of June 2016, by provider [Graph], Defaqto , June 6, 2016. [Online]. Available: /statistics/709236/value-of-selected-current-account-switching-incentives-by-provider-united-kingdom/
