Monday, 27 July 2015

BACS admits disappointment as UK current account switching stalls

From Banking Technology –

“More than a million people switched their current account to a rival bank in the year leading up to July 2015, according to new figures published by UK payments system BACS. The numbers represent only a minimal increase on the year before – undermining hopes that making switching easier would lead to dramatic improvements in the competitiveness of UK retail banks.”

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