Current account switching - who's participating? - Banking - Guides - Moneyfacts

Guides

Current account switching - who's participating?

Current account switching - who's participating?

Category: Banking

Updated: 15/03/2016
First Published: 17/09/2013

Switching bank accounts is now easier and faster than ever before thanks to a new service launched on 16 September 2013.

The Current Account Switch Service means participating banks and building societies will complete the process of switching a customer's old bank account over to the new account in seven working days or less – previously it could take as long as 30 working days!

Customers will also be refunded for any interest or charges on their old or new bank account if anything goes wrong during the switching process, and will be able to choose a convenient switch date with their new banking provider.

The service is free to use.

Who is participating?

So far, 38 banks and building societies have signed up to the service, covering almost the entire current account marketplace.

Participating providers will display a special trustmark on their marketing brochures, websites and in branches indicating that they offer the service.

Below is a list of the banks and building societies who've signed up.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

A Back to Top
Adam & Company
Allied Irish Bank (GB)
Arbuthnot Latham & Co Limited

B Back to Top
Bank of Ireland UK PLC
Bank of Scotland
Barclays

C Back to Top
C. Hoare & Co.
Clydesdale Bank
Coutts
Cumberland Building Society

D Back to Top
Danske Bank A/s London Branch
Danske Bank (Northern Bank Limited)
Duncan Lawrie Bank

F Back to Top
first direct
First Trust Bank

H Back to Top
Halifax
Hampden & Co
Handelsbanken
HSBC

I Back to Top
Investec Bank
Isle of Man Bank

L Back to Top
Lloyds

M Back to Top
M&S Bank
Metro Bank

N Back to Top
Nationwide Building Society
NatWest

P Back to Top
Post Office

R Back to Top
Royal Bank of Scotland
Reliance Bank

S Back to Top
Santander
smile

T Back to Top
The Co-operative Bank
Tesco Bank
TSB

U Back to Top
Ulster Bank

V Back to Top
Virgin Money

W Back to Top
Weatherby's Private Bank

Y Back to Top
Yorkshire Bank

Source: Bacs

What next?

Compare all bank accounts with the 'Switch Service Guarantee' and have your new bank account within 7 days

How to switch current accounts

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

Related Articles

Bank accounts – key factors to consider

Bank accounts generally are designed to do the same job, but depending on how you'll run your account, you will be looking for different things in terms of what your account offers.

What is a Direct Debit?

How exactly does a direct debit work? A great way of paying regular bills, there’s also certain pitfalls to be aware of before setting up direct debits…

What is a standing order?

A standing order is a way of setting up a regular, fixed payment from your bank account. Read our practical guide to setting up a payment to be taken at a predetermined frequency and for a set amount.
 
 
Close