Monzo and Starling Bank saw more than 10,000 customers open accounts through the account switching service in the first few months of 2019; HSBC, Nationwide and NatWest saw the biggest growth but the success of Monzo and Starling Bank show the appetite for digital banks is there; the switching data also shows that customers under age 35 are three times more likely to switch than those over 55; the last 12 months saw 921, 065 switches, with more than 265,000 is the first few months of 2019. Source.
