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Evening Standard

Vicky Shaw

Fifth of parents ‘say having children prompted them to consider bank switch’

the Current Account Switch Service

Two-fifths of parents said they have cut back on non-essential spending since having a child, the Current Account Switch Service said (Dominic Lipinski/PA) - (PA Archive)

One in five (21%) parents with young children say having a baby made them rethink their banking provider, rising to a quarter (26%) of parents earning more than £75,000, a survey indicates.

The survey of parents with children aged three years old and under also found that nine in 10 (91%) reassessed their finances ahead of starting a family.

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