New startup Monument is prepping a digital banking launch in the UK, targeting “mass affluent” customers. Here’s what we know so far. Read more…
Digital banking statistics
Over 1 in 10 Brits have fully switched to a digital-only bank
The latest stats
What do Brits value from their primary banks?
Banking features that Brits value
Online banking popularity
The percentage of Brits that use online banking
The most popular disruptor banks around the world
We looked at some of the latest statistics to see which disruptor bank is the most popular around the world.
Total number of app downloads
The most popular disruptor bank by app downloads in Q3 2019 is Revolut, with over 8.3 million downloads. This is nearly double the next biggest challenger bank by app downloads, N26, who have 4.4 million app downloads by Q3 2019. Monzo has had over 4 million app downloads and Starling over 1 million downloads.
|Disruptor bank||Number of app downloads|
EU based digital bank N26 has chosen to stop operating in the UK in early February due the UK’s decision to leave the EU.
Can't get enough information about digital banking?
- Digital banking adoption
- Digital bank usage
For more digital banking information, check out our banking adoption statistics page. finder conducted a digital banking adoption survey to get a feel of what the British public thinks.
Almost half (47%) of Brits are keeping £1,000 or less in their digital-only bank accounts with 3 in 10 (30%) holding less than £100 in their accounts. Across all accounts, the average amount held is £3,214. What other trends can we see in the Brits digital bank usage?
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