Leanne Macardle

Leanne Macardle

Editor
Published: 17/12/2018

At a glance

  • The Current Account Switch Service has made it quicker and easier to switch bank accounts.
  • The service is free, and switches should be completed within seven working days.
  • Direct debits should automatically transfer to your new account.
  • Your new provider should do all the legwork for you!

Switching bank accounts is now easier and faster than ever before thanks to the Current Account Switch Service, which was launched on 16 September 2013. The service allows participating banks and building societies to complete the process of switching a customer's old bank account over to a 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, so there’s no reason not to switch when you find a better deal elsewhere.

If you would like more info on switching current account head over to our How to switch current accounts guide.

Who is participating?

More than 40 banks and building societies have signed up to the service so far, covering almost the entire current account marketplace. 

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

Below is a list of the banks and building societies that have signed up.

A

Acorn Account

Adam & Company

Allied Irish Bank (GB)

Arbuthnot Latham & Co Limited

B

Bank of Ireland UK PLC

Bank of Scotland

Barclays

Barclays Private

C

C. Hoare & Co.

CardOne Banking

Clydesdale Bank Plc

Co-operative Bank

Coutts

Cumberland Building Society

D

Danske Bank (Northern Bank Limited)

F

first direct

First Trust Bank

H

Halifax

Hampden & Co

Handelsbanken

HSBC

I

Investec Bank plc

Isle of Man Bank

L

Lloyds

M

M&S Bank

Metro Bank

Monzo

N

Nationwide Building Society

NatWest

P

Post Office

R

Royal Bank of Scotland

Reliance Bank

S

Santander

smile

Starling Bank

T

Tesco Bank

thinkmoney

Triodos Bank

TSB

U

Ulster Bank

V

Virgin Money

W

Weatherbys Private Bank

Y

Yorkshire Bank

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.

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At a glance

  • The Current Account Switch Service has made it quicker and easier to switch bank accounts.
  • The service is free, and switches should be completed within seven working days.
  • Direct debits should automatically transfer to your new account.
  • Your new provider should do all the legwork for you!

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