What is the Current Account Switching Service?

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.

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.

Acorn Account

Adam & Company

Allied Irish Bank (GB)

Arbuthnot Latham & Co Limited

Bank of Ireland UK PLC

Bank of Scotland

Barclays

Barclays Private

C. Hoare & Co.

CardOne Banking

Clydesdale Bank Plc

Co-operative Bank

Coutts

Coventry Building Society

Cumberland Building Society

Danske Bank (Northern Bank Limited)

first direct

Habib bank Zurich plc

Halifax

Hampden & Co

Handelsbanken

HSBC

Investec Bank plc

Isle of Man Bank

Lloyds

M&S Bank

Metro Bank

Monzo

Nationwide Building Society

NatWest

Post Office (via Bank of Ireland)

Reliance Bank

Royal Bank of Scotland

Santander

smile

Starling Bank

Tesco Bank

thinkmoney

Triodos Bank

TSB

Ulster Bank

Unity Trust Bank

Virgin Money

Weatherbys Private Bank

Yorkshire Bank

Source: Current Account Switch Guarantee