Brand analysis
Sainsbury’s Bank has added +3 to its Overall Effort Score and ranks joint 12th in this wave of the Customer Effort Index, sharing the position with Revolut.
Diving into the pillars, the brand has had a great quarter across the board, increasing scores in all four. ‘Valuing the Customer’ was the standout performance, increasing wave on wave by +4. ‘Knowledge & Expertise’ and ‘Speed of Resolving Problems’ added +3 while ‘Style of Communication’ added +2.
Our advice to Sainsbury’s Bank is to focus on being able to communicate with customers in their chosen language other than English, as that question is dragging down its ‘Style of Communication’ result.
However, it’s unclear what might happen to the brand in the longterm as Natwest is expected to take on one million customer accounts when the sale of Sainsbury’s Bank goes through - expected to be in the first half of 2025, according to Which?.
The CEI will continue to monitor what effect this is having on customer service at Sainsbury’s Bank.