With the news that First Direct has started charging its current account holders £10 a month for those who don't deposit a minimum of £1,500 a month, it's felt by some people across the industry that more banks may introduce similar charges and penalise their loyal customers.
Whilst more people get divorced than switch bank accounts, switching bank accounts is actually a lot easier and there's no better way to get back at your bank by taking your custom elsewhere!
Switching bank accounts could actually save you money by finding an account more suitable for your needs. Most banks also offer a switching service to manage switching your account over and taking away the hassle.
Before you jump straight in and take the plunge, it's worth thinking about the following:
Moving your bank account could be financially and emotionally rewarding. Unfortunately some banks may be reluctant to let you go, but most subscribe to the British Bankers' Association Banking Code, so you'll have a decent case for a complaint if they make it difficult for you to switch.
And, don't forget to check out our Banking best buys
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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