This statistic illustrates the share of respondent that use a business or current account for their small and medium enterprises (SMEs) in the United Kingdom in 2019. It can be seen that the majority of individuals surveyed (95 percent), stated that they used a current account in the name of the business for business purposes. Only two percent of respondents stated that they use a personal current account for business purposes.
Is the main bank or building society account you use for business purposes a business or current account?
* Respondent refused to answer the survey question. Survey was conducted among small and medium businesses with employees. Three categories were distinguished, based on employees numbers: micro businesses (1 to 9 employees), small businesses (10 to 49 employees) and medium businesses (50 to 250 employees).
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GOV.UK. (June 4, 2020). Is the main bank or building society account you use for business purposes a business or current account? [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/911905/bank-accounts-used-by-smes-united-kingdom/
GOV.UK. "Is the main bank or building society account you use for business purposes a business or current account?." Chart. June 4, 2020. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/911905/bank-accounts-used-by-smes-united-kingdom/
GOV.UK. (2020). Is the main bank or building society account you use for business purposes a business or current account?. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/911905/bank-accounts-used-by-smes-united-kingdom/
GOV.UK. "Is The Main Bank or Building Society Account You Use for Business Purposes a Business or Current Account?." Statista, Statista Inc., 4 Jun 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/911905/bank-accounts-used-by-smes-united-kingdom/
GOV.UK, Is the main bank or building society account you use for business purposes a business or current account? Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/911905/bank-accounts-used-by-smes-united-kingdom/ (last visited September 20, 2024)
Is the main bank or building society account you use for business purposes a business or current account? [Graph], GOV.UK, June 4, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/911905/bank-accounts-used-by-smes-united-kingdom/
