Let’s be honest. Even if switching bank accounts were as easy as changing phone provider, most of us would not budge.
Among some MPs and pundits, the creation of a current account-switching habit is regarded as a sure-fire way to clean up the debased banking culture. To that end, the often painfully slow switching process is being given a fuel injection this autumn. From September, banks have agreed to a guarantee that your account is moved within a maximum of seven days. At the moment it can take up to 30 days.
The Treasury is also considering a review of