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Autumn Budget reaction: Rishi Sunak has pulled a confidence trick says Union
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Autumn Budget reaction: Rishi Sunak has pulled a confidence trick says Union
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Autumn Budget reaction: Rishi Sunak has pulled a confidence trick says Union
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Autumn Budget reaction: Rishi Sunak has pulled a confidence trick says Union
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Current account switching bounced back in the last three months of 2020 as customers took advantage of three-figure switching bonuses from Britain s biggest banks.
Some 189,000 accounts were switched through the official seven-day service between October and December, with November seeing the highest number of switchers at 80,000 since March 2020.
Meanwhile, figures for individual banks - which lag behind and show July to September data - reveals that stablemates Halifax and Lloyds benefited from the relaunching of current account switching bonuses, with both banks gaining thousands of customers.
The only other banks to show a net volume of current account switchers are Starling, Monzo, Triodos and Bank of Scotland.