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Is the main bank or building society account you use for business purposes a business or current account?

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Source

Release date

June 2020

Region

United Kingdom

Survey time period

July 2019 to February 2020

Number of respondents

8,406 respondents

Method of interview

Computer-assisted telephone interviews (CATI)

Supplementary notes

* Respondent refused to answer the survey question.
Survey was conducted among small and medium businesses with employees. Three categories were distinguished, based on employees numbers: micro businesses (1 to 9 employees), small businesses (10 to 49 employees) and medium businesses (50 to 250 employees).


This statistic using original data from the Government Digital Service and includes copyright material licensed under © Crown, the

Citation formats

Bank accounts used by SMEs in the United Kingdom 2019

Published by K. Scholle, Jun 4, 2020
This statistic illustrates the share of respondent that use a business or current account for their small and medium enterprises (SMEs) in the United Kingdom in 2019. It can be seen that the majority of individuals surveyed (** percent), stated that they used a current account in the name of the business for business purposes. Only *** percent of respondents stated that they use a personal current account for business purposes.
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