Mobile banking in the UK has grown in popularity in recent years, with many customers managing their finances using mobile apps. This guide explains what it’s all about.
Mobile banking in the UK hasn’t taken off in quite the same way as in some other European countries. It’s starting to catch on, though, with more customers moving towards mobile banking and mobile payment apps. This guide looks at what’s on offer in terms of mobile banking in the country, and covers the following:
Mobile banking in the UK
Features of mobile banking in the UK
Mobile payments in the UK
Fees for mobile banking in the UK
Mobile banking security in the UK
Useful resources
Statistics show that mobile banking in the UK is quickly on the rise. Although UK residents haven’t embraced this new technology as quickly as those in other countries, banking via smartphone is predicted to overtake online banking in 2019 and its forecast that around 72% of adults will use mobile banking apps by 2023.
According to Eurostat figures, the UK currently has the eighth-highest percentage of internet banking users in the EU. All main UK banking providers now offer both online and mobile banking. In addition, there are a number of online-only and mobile-only banks to choose from too.
Banks that offer mobile banking in the UK include:
Barclays
HSBC
Lloyds Bank
Metro Bank
Nationwide
NatWest
Santander
Mobile banks operating in the UK include:
LeoPay
Monese
Monzo
Revolut
Starling Bank