Independent service quality survey results
Business current accounts
Published February 2022
As part of a regulatory requirement, an independent survey was conducted to ask approximately 1,200 customers of each of the 14 largest business current account providers if they would recommend their provider to other small and medium-sized enterprises (SMEs*). The results represent the view of customers who took part in the survey.
Overall service quality
We asked customers how likely they would be to recommend their business current account provider to other SMEs.
Online and mobile banking services
We asked customers how likely they would be to recommend their provider’s online and mobile banking services to other SMEs.
SME overdraft and loan services
We asked customers how likely they would be to recommend their provider’s SME overdraft and loan services to other SMEs.
We asked customers how likely they would be to recommend their provider’s relationship/account management to other SMEs.
These results are from an independent survey carried out between January 2021 and December 2021 by BVA BDRC as part of a regulatory requirement.
Allied Irish Bank (GB) has published this information at the request of the Competition and Markets Authority so you can compare the quality of service from business current account providers. In providing this information, we are not giving you any advice or making any recommendation to you and we can only give you information about our own products and services.
SME customers with business current accounts were asked how likely they would be to recommend their provider, their provider’s online and mobile banking services, services in branches and business centres, SME overdraft and loan services and relationship/account management services to other SMEs.
The results show the proportion of customers of each provider, among those who took part in the survey, who said they were ‘extremely likely’ or ‘very likely’ to recommend each service.
Participating providers: Allied Irish Bank (GB), Bank of Scotland, Barclays, Clydesdale Bank**, Handelsbanken, HSBC UK, Lloyds Bank, Metro Bank, NatWest, Royal Bank of Scotland, Santander, Starling Bank, The Co-operative Bank, TSB, Virgin Money, Yorkshire Bank**.
Approximately 1,200 customers a year are surveyed across Great Britain for each provider; results are only published where at least 100 customers have provided an eligible score for that service in the survey period.
17,280 people were surveyed in total.
Results are updated every six months, in August and February.
*SMEs include businesses, clubs, charities and societies with an annual turnover/income of up to £25m (exclusive of VAT and other turnover-related taxes).
**Interviews with customers of Clydesdale Bank and Yorkshire Bank are reported as Virgin Money.
To find out more visit www.bva-bdrc.com/products/business-banking-service-quality
Information about current account services
The requirement to publish the Financial Conduct Authority Service Quality Information for business current accounts can be found here.
Supporting the needs of all our customers
Information on the key ways we support the needs of all personal current account customers can be found here.