10% of customers generate third of bank profits

10% of customers generate third of bank profits | moneyfacts.co.uk

We’ve talked about the benefits of switching bank accounts many times before. but now data from the FCA shows just how much banks depend on you staying put; 10% of a bank’s customers are generating a third to half of all current account profits.

Weve talked about the benefits of switching bank accounts many times before. but now data from the financial regulator shows just how much banks depend on you staying put. The FCAs latest update on its Strategic Review of Retail Banking Business Models reveals that 10% of a banks customers are generating from a third to half of all current account profits.

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