The Current Account Switch Service was launched in 2013 to simplify the switching process and has switched over 3 million accounts since then.
More than 40 banks and building societies are now part of the service and over 99% of UK current accounts are covered.
Anyone with a UK current account, including joint account holders, can switch using the service.
More than 99% of all small businesses, charities and trusts can use the service. To be eligible you must have fewer than 50 employees and an annual turnover not exceeding £6.5 million.
Simply open a new current account, decide when you want to switch and then your new bank or building society will take care of the rest. This includes moving all your incoming and outgoing payments, moving your outstanding balance and closing your old account.
The process is the same everywhere, so you’ll know what to expect when you switch, no matter which bank or building society you choose.
Anyone with a UK current account can use our service, including joint account holders, small businesses and charities.
Over 40 UK banks and building societies are signed up to the service, meaning that you can be confident that the process will be the same wherever you switch.
It doesn’t cost a penny to use the service. Over 40 UK bank and building societies are signed up and they will offer the service as standard when switching current accounts.
Thanks to the Guarantee, in the unlikely event that something goes wrong, you can be confident that any interest or charges you incur as a result of any problem with your switch will be refunded.
I was really pleased with my switch, the whole process was very straightforward, and on the switch day everything was set-up on my new account, including all my online banking arrangements, so I could hit the ground running.
The switch itself was very simple and effective. I gave my new bank the details of my old bank account and they took care of everything. All my direct debits along with my standing order and balances were transferred within seven working days.
I visited our local branch and they did everything for us. All our money was transferred and was hassle free. We were given £100 for switching and never looked back. Great service all round!
Would highly recommend the Current Account Switch Service. Simple, straightforward and reliable. Once I had given my old bank details, my new account was set up on the date agreed and all my Direct Debits transferred over. No need to waste time calling each supplier individually or arranging closure of your old account.
I had delayed switching for a long time, thinking it would be too much hassle; but the end of a particular deal with my old bank prompted me to make the effort. It was a very good decision. Not only was the switching process quick and hassle-free, I was able to secure a much better deal with my new bank.
I found the Current Account Switch Service simple to use from start to finish. I chose a date for the switch to be completed by and I was kept informed all the time of what was happening by post and text message. They transferred across all my Direct Debits and payments and actually closed down my old current account. I recommend using the Current Account Switch Service every time.
I used the Current Account Switch Service and found it completely hassle free, my payments and Direct Debits were switched over and not one hitch was noted. I highly recommend this service.
The Current Account Switch Service is run by Bacs, the not-for-profit organisation behind Direct Debit in the UK. Over 40 UK banks and building societies participate in the service and have signed up to the Current Account Switch Guarantee. Read the Current Account Switch Guarantee.