Move your Money campaign says new figures show mass exodus from UK’s five biggest banks as clients vote with feet
Move your Money protestors campaigning against the big banks in 2012. Photograph: David Cheskin/PA
An estimated 2.4 million customers quit the UK’s five biggest banks
in 2012 as people “voted with their feet” in response to a string of
scandals, according to latest figures.The Move Your Money UK campaign and website, which issued the figures, said they showed a “mass movement” away from the big banking groups: Lloyds, Royal Bank of Scotland/NatWest, Barclays, HSBC and Santander.
Laura Willoughby, Move Your Money chief executive, said: “The constant slew of scandals last year has opened the floodgates, and people are beginning to realise they don’t have to put up with the arrogance of the big banks.”