United Kingdom UK: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider: Primary Education Or Less: % of Population Aged 15+ data was reported at 90.223 % in 2017. This records a decrease from the previous number of 100.000 % for 2014. United Kingdom UK: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider: Primary Education Or Less: % of Population Aged 15+ data is updated yearly, averaging 90.223 % from Dec 2011 (Median) to 2017, with 3 observations. The data reached an all-time high of 100.000 % in 2014 and a record low of 89.893 % in 2011. United Kingdom UK: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider: Primary Education Or Less: % of Population Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Bank Account Ownership. Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (primary education or less, % of population ages 15+).; ; Demirguc-Kunt et al., 2018, Global Financial Inclusion Database, World Bank.; Weighted average; Each economy is classified based on the classification of World Bank Group's fiscal year 2018 (July 1, 2017-June 30, 2018).

Online banking usage in the UK increased steadily between 2007 and 2023. In 2007, around one third of the adult British population used online banking, which increased up to 87 percent in 2023. Banking and financial services are typically among the first industries to embrace technological advances; starting as far back in time as the appearance of automated teller machines (ATMs) and credit cards. Ever since the first secure Internet systems for financial operations became available on a large scale, accessing of one's bank account online to carry out transactions, pay off credit cards, establish credit lines or invest savings became one of the fastest growing areas of Internet activities. Leading online banks in the UK There are several online banks headquartered in the UK, including Revolut, Monzo, Starling, Monese, and Atom Bank. As of 2024, Monzo was the most well-known, popular, and used online bank, followed by Starling and Revolut. Established in 2015, Monzo is one of a growing number of disruptor or challenger banks which run accounts online through mobile apps. Online banking in Europe Across Europe, online banking penetration varied greatly by country in 2024. Nordic countries all had online banking penetration rates of over 90 percent. In stark contrast, Albania and Montenegro had penetration rates lower than 15 percent.

Abstract

Financial inclusion is critical in reducing poverty and achieving inclusive economic growth. When people can participate in the financial system, they are better able to start and expand businesses, invest in their children’s education, and absorb financial shocks. Yet prior to 2011, little was known about the extent of financial inclusion and the degree to which such groups as the poor, women, and rural residents were excluded from formal financial systems.

By collecting detailed indicators about how adults around the world manage their day-to-day finances, the Global Findex allows policy makers, researchers, businesses, and development practitioners to track how the use of financial services has changed over time. The database can also be used to identify gaps in access to the formal financial system and design policies to expand financial inclusion.

Geographic coverage

National coverage.

Analysis unit

Individuals

Universe

The target population is the civilian, non-institutionalized population 15 years and above.

Kind of data

Observation data/ratings [obs]

Sampling procedure

The indicators in the 2017 Global Findex database are drawn from survey data covering almost 150,000 people in 144 economies-representing more than 97 percent of the world’s population (see table A.1 of the Global Findex Database 2017 Report for a list of the economies included). The survey was carried out over the 2017 calendar year by Gallup, Inc., as part of its Gallup World Poll, which since 2005 has annually conducted surveys of approximately 1,000 people in each of more than 160 economies and in over 150 languages, using randomly selected, nationally representative samples. The target population is the entire civilian, noninstitutionalized population age 15 and above. Interview procedure Surveys are conducted face to face in economies where telephone coverage represents less than 80 percent of the population or where this is the customary methodology. In most economies the fieldwork is completed in two to four weeks.

In economies where face-to-face surveys are conducted, the first stage of sampling is the identification of primary sampling units. These units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. To increase the probability of contact and completion, attempts are made at different times of the day and, where possible, on different days. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used.

Respondents are randomly selected within the selected households. Each eligible household member is listed and the handheld survey device randomly selects the household member to be interviewed. For paper surveys, the Kish grid method is used to select the respondent. In economies where cultural restrictions dictate gender matching, respondents are randomly selected from among all eligible adults of the interviewer’s gender.

In economies where telephone interviewing is employed, random digit dialing or a nationally representative list of phone numbers is used. In most economies where cell phone penetration is high, a dual sampling frame is used. Random selection of respondents is achieved by using either the latest birthday or household enumeration method. At least three attempts are made to reach a person in each household, spread over different days and times of day.

The sample size was 1000.

Mode of data collection

Landline and Cellular Telephone

Research instrument

The questionnaire was designed by the World Bank, in conjunction with a Technical Advisory Board composed of leading academics, practitioners, and policy makers in the field of financial inclusion. The Bill and Melinda Gates Foundation and Gallup Inc. also provided valuable input. The questionnaire was piloted in multiple countries, using focus groups, cognitive interviews, and field testing. The questionnaire is available in more than 140 languages upon request.

Questions on cash on delivery, saving using an informal savings club or person outside the family, domestic remittances, and agricultural payments are only asked in developing economies and few other selected countries. The question on mobile money accounts was only asked in economies that were part of the Mobile Money for the Unbanked (MMU) database of the GSMA at the time the interviews were being held.

Sampling error estimates

Estimates of standard errors (which account for sampling error) vary by country and indicator. For country-specific margins of error, please refer to the Methodology section and corresponding table in Demirgüç-Kunt, Asli, Leora Klapper, Dorothe Singer, Saniya Ansar, and Jake Hess. 2018. The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution. Washington, DC: World Bank

United Kingdom UK: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider: Female: % of Population Aged 15+ data was reported at 96.073 % in 2017. This records a decrease from the previous number of 98.653 % for 2014. United Kingdom UK: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider: Female: % of Population Aged 15+ data is updated yearly, averaging 97.652 % from Dec 2011 (Median) to 2017, with 3 observations. The data reached an all-time high of 98.653 % in 2014 and a record low of 96.073 % in 2017. United Kingdom UK: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider: Female: % of Population Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Bank Account Ownership. Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (female, % age 15+).; ; Demirguc-Kunt et al., 2018, Global Financial Inclusion Database, World Bank.; Weighted average; Each economy is classified based on the classification of World Bank Group's fiscal year 2018 (July 1, 2017-June 30, 2018).

Key information about United Kingdom Number of Subscriber Mobile

• United Kingdom Number of Subscriber Mobile was reported at 84,300,000.000 Person in Dec 2023
• This records an increase from the previous number of 81,700,000.000 Person for Dec 2022
• UK Number of Subscriber Mobile data is updated yearly, averaging 11,859,500.000 Person from Dec 1960 to 2023, with 52 observations
• The data reached an all-time high of 84,300,000.000 Person in 2023 and a record low of 0.000 Person in 1984
• UK Number of Subscriber Mobile data remains active status in CEIC and is reported by World Bank
• The data is categorized under World Trend Plus’s Association: Telecommunication Sector – Table UK.World Bank.WDI: Telecommunication

Mobile cellular telephone subscriptions are subscriptions to a public mobile telephone service that provide access to the PSTN using cellular technology. The indicator includes (and is split into) the number of postpaid subscriptions, and the number of active prepaid accounts (i.e. that have been used during the last three months). The indicator applies to all mobile cellular subscriptions that offer voice communications. It excludes subscriptions via data cards or USB modems, subscriptions to public mobile data services, private trunked mobile radio, telepoint, radio paging and telemetry services.;International Telecommunication Union (ITU) World Telecommunication/ICT Indicators Database;Sum;Please cite the International Telecommunication Union for third-party use of these data.

Virgin Islands (British) VG: Mobile Cellular Subscriptions per 100 People data was reported at 120.947 Number in 2021. This records an increase from the previous number of 113.759 Number for 2020. Virgin Islands (British) VG: Mobile Cellular Subscriptions per 100 People data is updated yearly, averaging 22.101 Number from Dec 1960 (Median) to 2021, with 32 observations. The data reached an all-time high of 194.766 Number in 2015 and a record low of 0.000 Number in 1990. Virgin Islands (British) VG: Mobile Cellular Subscriptions per 100 People data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Virgin Islands (British) – Table VG.World Bank.WDI: Telecommunication. Mobile cellular telephone subscriptions are subscriptions to a public mobile telephone service that provide access to the PSTN using cellular technology. The indicator includes (and is split into) the number of postpaid subscriptions, and the number of active prepaid accounts (i.e. that have been used during the last three months). The indicator applies to all mobile cellular subscriptions that offer voice communications. It excludes subscriptions via data cards or USB modems, subscriptions to public mobile data services, private trunked mobile radio, telepoint, radio paging and telemetry services.;International Telecommunication Union (ITU) World Telecommunication/ICT Indicators Database;Weighted average;Please cite the International Telecommunication Union for third-party use of these data.