Is switching a bank account as easy as it sounds?

Published: 4/16/2012

According to a recent study on current account holders in the UK, it has been revealed that people who have switched to a new bank account have had problems.

It was found that a large majority of bank account holders had difficulties when switching and that the bank also did not offer any help with the issue.

This recent study backs up the main reason why many people do not switch current accounts for many years or perhaps years, as the process is seen to be too difficult or more trouble than its worth.

The problem lies for consumers that by not switching bank accounts, consumers are then missing out on cheaper banking with another bank.

See our current accounts comparison table for the latest offers. Plus, reading our guides and tips pages can offer consumers more detailed information and money saving hints.