Policy paper

Basic bank accounts: July 2019 to June 2020

The fifth publication of data on the UK basic bank account market.


Basic bank accounts: July 2019 to June 2020

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A basic bank account is a transactional bank account which is fee-free for standard operations. The 9 largest personal current account providers are designated to provide basic bank accounts that comply with the Payment Accounts Regulations 2015 (PARs).

These firms are: Barclays UK, Co-operative Bank, Lloyds Banking Group (including Halifax and Bank of Scotland brands), Nationwide Building Society, NatWest Group (including RBS and Ulster brands), Santander, TSB and Virgin Money UK (formerly CYBG).

Banks have agreed to report data on basic bank accounts to the Treasury for annual publication. This is the fifth publication.

Published 5 January 2021