Quarter of bank customers have problems with accounts

clock

A quarter of UK bank customers have experienced problems with their account in the past 12 months, according to a survey by consumer group Which?.

The survey found the most common problems were poor customer service, the bank trying to sell inappropriate products or difficulty in reaching an adviser, the Telegraph reports. A fifth of customers who complained to their bank said the problem was not resolved satisfactorily. Lloyds TSB had the highest proportion of customers experiencing problems in the past year, followed by the Co-operative Bank and Bank of Scotland. First Direct and Nationwide customers were the least likely to experience problems. Richard Lloyd, executive director at Which? said: "When things go wrong it i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Government to reconsider rejection of Waspi compensation

Government to reconsider rejection of Waspi compensation

Rethink does not guarantee that financial redress will be awarded

Jonathan Stapleton
clock 12 November 2025 • 3 min read
FCA seeks experienced professional opinion on its decision-making

FCA seeks experienced professional opinion on its decision-making

Regulator opens applications for positions on three statutory panels

Isabel Baxter
clock 10 November 2025 • 1 min read
FCA warns on 'poor' advice consolidation practices

FCA warns on 'poor' advice consolidation practices

Including on debt and incentives

Sahar Nazir
clock 31 October 2025 • 3 min read