First, you’ll need to make sure your bank is signed up for the service. Most UK banks are, but you can check the full list of over 50 participating UK banks and building societies here.You’ll also need to make sure your details are the same on both the old and new accounts....
This handy toolallows you to select the banks and building societies that you currently hold money with (or plan to hold money with) to see your level of protection under the FSCS if any of them were to go bust. For more information on the FSCS read our article, 'What is the Financia...
Bank switch offers are where banks offer an incentive, usually cash, for switching over to them with the Current Account Switching Service.
Nationwide launches account switching adsThe article reports on Nationwide's launch of an advertising campaign that highlights its mutual status to encourage customers to switch to its current account services from banks.Baker, ...
Chris Rhodes, Nationwide’s executive director, said,“These results show that Nationwide continues to be the main alternative to the big banks.” He added,“As awareness of the new service grows we expect more people will take the plunge and switch their banking relationship to Nationwide and...
How it compares to other switching incentives Offering interest is different from the switching incentives we see from other banks. Most banks go with hard cash, usually between £150 and £200. You cansee the latest ones here, Latest bank switch offers (A-Z) ...
No wonder the 'new' banks - former building societies like Alliance & Leicester which are keen to widen their business - and internet ventures promise to keep customers much happier. Best buys, says Which?, are Smile, Nationwide Flex Account, Halifax (providing the account receives a pay chequ...
We surveyed Brits and discovered that less than half (46%) have ever switched their current account, while less than a quarter of Brits (24%) have switched banks to take advantage of a switching offer. How different are UK account providers’ terms and conditions?
There was a large increase in the number of Brits switching their current account provider in Q2 2021, but only seven banks made net gains in the quarter. Starling Bank, Triodos, Virgin Money, Monzo, Bank of Scotland, Nationwide and Lloyds all reported more people opening current accounts tha...
However for the most part these direct debits have to come out every month to qualify – ruling out annual or quarterly payments. You might also find when switching that the new bank wants the active direct debit to have already been paid from the old account. If you don’t have these ...