Current Accounts - Ireland - August 2019
Covered in this report
This report examines the current account market in Northern Ireland (NI) and Republic of Ireland (RoI). It analyses the main drivers at play within the market. It also draws on exclusive consumer data to assess levels of ownership of current accounts among Irish consumers, preferred providers of main and non-main current accounts, levels of switching activity among consumers and consumers’ preferences when it comes to channels for selected banking activities.
"For the first time since Mintel began examining Irish consumers' preferred channels for various banking activities and transactions, the digital channels - online banking and mobile banking - trump branches for every activity. The coming years will likely see branches further edged out of transactions and everyday banking activities, as they increasingly become viewed as centres for selling and advice. Indeed, the online banking channel is beginning to assume the role that the branch network once fulfilled."
– Brian O’Connor, Senior Consumer Analyst
This Report looks at the following areas:
- Cautious optimism around Irish economic outlook
- Continued job growth and low unemployment in both economies
- Current account fees and charges increasing across the board in RoI
- Switching more common among NI than RoI consumers
What you get
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* This is a sample representation of the report layout and does not reflect the research included in this report.
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