Some surprising numbers so far…
Overall net gains for Monzo but Starling, Lloyds, Natwest and Clydesdale really knocked it out the park.
A sad time for TSB, Halifax and Santander
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Pretty sure Lloyds where offering £150 for switching but Virgin/Clydesdale where not so I assume theirs was down to marketing the rebrand
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Intrigued at the thin and arbitrary dividing line there between Clydesdale Bank “knocking it out of the park” and Monzo scraping by
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I didn’t say or suggest anything of the kind. This isn’t a Monzo vs Starling (or any other bank) discussion
Lloyds and Starling did however knock it out the park in Q1
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I am very loyal to Lloyds so I do get it. They have great customer service, their app has notifications and budgeting, and they have full card controls. If they would just get round to offering free foreign transactions and a better Euro account I would likely drop my Starling account completely
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I wonder what is causing the exodus from Santander?
I get people leaving TSB, but I also wonder what’s taking them all so long and who are the 3774 people signing up 
They changed the 123 account again
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You will never have enough time to do this. There is literally nothing on earth that should ever be given less priority than this job. Even rolling a random piece of blu-tack you found in a drawer round in between your palms to create the perfect ball of warm blu-tack is far more important than doing this. Even ordering 20kgs of M&Ms and sorting them into piles of both colour and size is higher up the pecking order than doing that. Even staring out of your window for 5 hours and contemplating why we are here and what life is all about is a far greater priority than doing that.
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Starling gained far more and lost a lot less. Quite a substantial difference on those smaller numbers.
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I didn’t mention Starling though. Congrats to them for that
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Probably Ant and/or Dec.
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Was thinking myself! Would definitely be interesting to see.
Edit: and then I read the above post and now feel just as attacked 
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Wait what post?!
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Oh wow it was @ysconhb. I have no idea what happened there 
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Very surprised at the Monzo vs Starling gains and losses. Even more surprised at the amount of switching losses at Monzo given it’s size compared to the big players. Looking at Lloyd’s for example who have by far many millions more customers at that brand and Monzo is only a bit under half of their switching loss volume.
Weren’t Lloyds one of the first to start throwing money to switchers again, and the Virgin/Clydesdale helped by the 12 bottles of wine they were giving away pre Christmas?
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Yes. Expect HSBC to rank highly in the next period for the same reasons.
Shame the banks don’t have to provide evidence the account is actually used for salary and debit card transactions after the switch. At the moment, the basic numbers are a very crude method of rating success.
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I feel a little bit sorry for the 62 who joined Tesco Bank - just before Tesco announced they’re not going to accept any new accounts anymore so it’s looking like they wont be getting much long term support from Tesco. It’s a shame the Supermarkets never managed to get their bank service off the ground - they could have bought some interesting innovation to the sector. Things like having Branches attached to their larger supermarkets, with opening hours more in line with supermarket times (7 days of week opening - like Metro are doing now). Or doing some of your banking at the till (like paying in cash or cheques or withdrawing from your account).
Did Starling make a requirement of the Business Loan thing that you had to have your Starling Business Account as your main Business Account, or just have an account. Just trying to work out if the big gain is from people who ‘chose’ Starling specifically, or who signed up just to apply for the loan. I would’ve thought, unless they specifically said you had to have the Starling account as your main Business Account, people just getting the loan would’ve set it up as a second account and kept their main one so everyone switching with CASS have been people who have chosen Starling for other reasons as well? Although I’ve no idea how complicated running a Business Account is and if you’re allowed to have 2 different ones or not?
It’s also interesting comparing individual Banks with the ‘Banking Group’ they’re in (mainly Lloyds Banking Group and RBS Group). The 30k gain for Lloyds more than covers the 12k loss from Halifax in that group to give them a total of 18,952 (Lloyds + BoS - Halifax) and RBS Group total is 10,333 (RBS + Natwest + Ulster).
I’ve only seen ad campaigns recently for Lloyds, Halifax (I think - although it maybe Nationwide?), Santander, Natwest and Starling. Someone at Santander must be worried…
Also, good to see Triodos are still growing - despite very little publicity and only people specifically looking for a ‘gold standard’ ethical and environmental banking would go looking for them.
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I did expect that Monzo doing better, but…
“Organic” marketing also very important, but this time it’s going against Monzo 
A short reflection from Fb as question was:
Heya I’ve got a buissness bank with monzo, after seeing everyone’s posts about there bank getting shut down, I’ve went back to my old starling bank account. Just wondering if anyone else’s monzo bank is okay?
Has anyone had problems with starling?
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Sorry, I really can’t see the relevance of the FB screengrab. Seems very off topic for this thread
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