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Digital Banks Outperform High-Street Lenders in CMA Satisfaction Survey

The CMA published the annual review to make bank service data publicly visible for customer comparison

Overview

  • Monzo ranked first for personal current accounts in Britain and Northern Ireland following the CMA’s annual survey
  • Chase and Starling Bank tied for second place among personal account providers in the digital challenger–led rankings
  • Monzo also led the business account table, with newcomer Mettle by NatWest in second and Starling Bank in third
  • Traditional lenders trailed behind, with Royal Bank of Scotland placed lowest among the 17 personal current account providers
  • Conducted by Ipsos and BVA-BDRC under the Retail Banking Order, the survey requires banks to publish results publicly to aid customer comparison and drive service improvements