Number of online bank accounts in the UK 2017, by age group
This statistic illustrates the estimated number of E-Money alternative accounts in the United Kingdom (UK) as of October 2017, by age group. In a survey conducted by the Financial Conduct Authority (FCA) in October 2017 it was calculated that approximately 700 thousand adults within the UK held an E-Money alternative account.
E-Money accounts are an alternative to a traditional bank account. The main benefits usually associated to E-Money accounts are the speed and security of money transfers globally as well as ease of use through online or mobile applications.
Of the 700 thousand UK adults with an E-Money alternative account, the most likely age group to own such a product were those aged between 25 and 34, amounting to approximately 161 thousand individuals. By contrast, approximately 14 thousand E-Money accounts were registered to adults aged over 75 as of October 2017.
E-Money accounts are an alternative to a traditional bank account. The main benefits usually associated to E-Money accounts are the speed and security of money transfers globally as well as ease of use through online or mobile applications.
Of the 700 thousand UK adults with an E-Money alternative account, the most likely age group to own such a product were those aged between 25 and 34, amounting to approximately 161 thousand individuals. By contrast, approximately 14 thousand E-Money accounts were registered to adults aged over 75 as of October 2017.
