SWITCH SERVICE

The seven-day current account switch service is celebrating its fifth birthday.

More than five million people, small businesses, and charities have moved providers since the scheme launched in September 2013. The Current Account Switch Guarantee means that your new bank takes care of closing your old account, moving your balance and switching your payments. So you don’t need to worry.

Previously, account holders faced the laborious task of having to switch multiple payments and direct debits.