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Financial Services in the UK

  Financial Services in the UK

  • Sector average score 59 Financial Services in the UK
  • Knowledge & Expertise 62
  • Style of Communication 65
  • Speed of Resolving Problems 62
  • Valuing the Customer 63

Nationwide and First Direct remain top of the rankings for Financial Services, but special recognition this wave must go to Starling Bank, which has rocketed to fifth place after ending 2023 at 13th.

The brand’s meteoric rise is one of the stand-out performers across the whole Customer Effort Index, with a +7 increase in its score making all the difference.

Competitors should pay particular attention to how its agents share expertise and the style of communication they use as those are the pillars that have driven its score. 

 
Rank
Brand
Effort
Knowledge
&
Expertise
Style
of
Communication
Speed
of
Resolving
Problems
Valuing
the
Customer
NPS
1
69
Knowledge & Expertise 69
Style of Communication 74
Speed of Resolving Problems 66
Valuing the Customer 69
NPS -4
2
67
Knowledge & Expertise 69
Style of Communication 70
Speed of Resolving Problems 63
Valuing the Customer 69
NPS -39
3
63
Knowledge & Expertise 62
Style of Communication 67
Speed of Resolving Problems 61
Valuing the Customer 63
NPS -20
3
63
Knowledge & Expertise 63
Style of Communication 69
Speed of Resolving Problems 62
Valuing the Customer 63
NPS -17
5
62
Knowledge & Expertise 63
Style of Communication 64
Speed of Resolving Problems 61
Valuing the Customer 61
NPS -42
6
60
Knowledge & Expertise 61
Style of Communication 61
Speed of Resolving Problems 59
Valuing the Customer 60
NPS -33
7
59
Knowledge & Expertise 62
Style of Communication 60
Speed of Resolving Problems 57
Valuing the Customer 61
NPS -46
7
59
Knowledge & Expertise 58
Style of Communication 66
Speed of Resolving Problems 56
Valuing the Customer 60
NPS -19
7
59
Knowledge & Expertise 59
Style of Communication 64
Speed of Resolving Problems 55
Valuing the Customer 59
NPS -16
10
58
Knowledge & Expertise 57
Style of Communication 67
Speed of Resolving Problems 55
Valuing the Customer 61
NPS -30
10
58
Knowledge & Expertise 54
Style of Communication 63
Speed of Resolving Problems 57
Valuing the Customer 56
NPS -47
10
58
Knowledge & Expertise 58
Style of Communication 60
Speed of Resolving Problems 56
Valuing the Customer 58
NPS -45
13
57
Knowledge & Expertise 58
Style of Communication 64
Speed of Resolving Problems 53
Valuing the Customer 57
NPS -21
14
52
Knowledge & Expertise 54
Style of Communication 61
Speed of Resolving Problems 49
Valuing the Customer 53
NPS -37
15
51
Knowledge & Expertise 50
Style of Communication 56
Speed of Resolving Problems 48
Valuing the Customer 51
NPS -33
16
48
Knowledge & Expertise 47
Style of Communication 54
Speed of Resolving Problems 46
Valuing the Customer 48
NPS -50
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Last updated: Jul 2024 Next update: Oct 2024
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  First Direct

  Lloyds Bank (part of LBG)

  Starling Bank

  Bank of Scotland (part of LBG)

  Halifax (part of LBG)

  Sainsbury's Bank

  Royal Bank of Scotland (RBS)

  Virgin Money

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Last updated: Jul 2024 Next update: Oct 2024
  • Looking across all the pillars, Valuing the Customer is the area that Financial Service brands should focus on.
We say Consumers must be made to feel like they are being listened to and given the appropriate amount of time to deal with their query. Brands that can invest in the right technology to manage these processes will continue to climb up the charts.
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Customer Effort Scores for the quarter are presented in the rankings, ordered by highest Overall Effort Score first, to show which brand scored highest with its customers for that period. Individual brand ratings against the four pillars take us underneath that Overall Effort Score, with brand-specific explanatory analysis from the CEI Editorial team.

You can use the display above to toggle between score, ranking and individual pillars. Clicking 'Performance Tracker'  enables you to analyse the performance over time.

The Customer Effort Index is calculated using a self-referential scale that is recomputed every wave based on what the minimum and maximum values are. This enables us to see how each brand is performing compared to the others within the data set. See About for more on the methodology. 

ContactEngine sponsors the Customer Effort Index

ContactEngine believes that a great customer experience is an effortless one, where life is made as easy as possible for the customer. ContactEngine commissioned the Customer Effort Index to measure how real people perceive the effort it takes to be a customer of some of the leading brands in the world. By enabling a comparison of effort not only within an industry, but across industries, we can identify and learn from the brands who lead on making it easy for their customers to do business with them.