See what we had to say to inews when it comes to switching bank account - Adrian Kidd, a chartered wealth manager at EQ Financial Planning, said the figures were encouraging but it was likely many customers could still benefit by moving to another bank.
He said: “People are likely to still be put off by the myth that it’s difficult and time-consuming and you’ll miss direct debits and get bounced Direct Debits, which costs money but this is fake news. The current account switching service is guaranteed to alleviate any worries you may have. This could save you annual fees and also there are some good cash incentives, as well as better rates of interest and cash back on bills. I’ve used it myself and it worked like a charm.”
Read the full article here