This is an interesting read:
Also, these headlines:
And ranking of banksâ fame:
Super interesting find! Iâd be very interested to see a split of the Age/Income data, and perhaps an overlay of median salary by City/Town too, rather than National.
Most interesting that Monzo have fewer âLower Incomeâ customers than the other two, and the national, but also a higher representation of younger users too. (Especially given Monzoâs view to make money work for everyone, yet they arenât attracting lower income customers).
Less famous than the GC.
If I had to guess at one major reason for this it would be their approach to cash.
And because they donât have a lot to spend, they donât feel the need to have a âspendingâ card.
Both of these and their approach to cheques.
Lower income customers may also be more nervous about not being able to manage their account at the Post Office (like with most high street banks).