Switching is very easy, in my last twitter poll on it, 76 percent of you said switching was hassle-free and easy.
This includes Clare who tweeted “@MartinSLewis I switched bank accounts a week ago! I got my £125 today, was a quick and easy process.” and Jen tweeted “@MartinSLewis Just switched bank accounts for first time don’t know why I was so scared thanks Martin Lewis”.
For the past six years we’ve had the switching guarantee in place which has made things far easier.In seven working days your new bank moves all your money across, and any payments in and out (including direct debits and standing orders) moves from your old bank to the new one. Your old account then closes.
You also get added protection where payments made to your old bank are auto-forwarded for at least three years.