# Brits given urgent ‘back up bank’ warning

- URL: https://talkfuse.com/story/brits-given-urgent-back-up-bank-warning/
- Published: 2026-11-12T18:19:00+00:00
- Updated: 2026-11-12T20:26:45+00:00
- Original publisher: Daily Express (publisher lean: Right)
- Original article: https://www.express.co.uk/news/uk/2265788/brits-given-urgent-back-bank
- Topics: World

## Key points

- FCA chief advises considering a second bank account.
- Outages and cyberattacks can interrupt access to money.
- 58% of 25 to 34-year-olds have at least two accounts.

## Summary

FCA chief Nikhil Rathi has urged people to consider keeping accounts with more than one bank so they can still access their money if a provider suffers a cyberattack or IT failure. His comments follow a Google Cloud outage that disrupted payments, transfers and cash withdrawals at Revolut, highlighting how problems at a single provider can affect customers.

Rathi also called on the public to protect passwords and access to personal data. Research by Kroo Bank found that 47% of adults aged 25 to 64 have one current account, while 49% have multiple accounts. Multiple accounts were more common among 25 to 34-year-olds, at 58%, than among people aged 55 to 64, at 37%.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.