The Current Account Switch Service launched in 2013 and since then has helped five million people and small businesses switch their current account provider. Commenting on the news, Tashema Jackson, money expert at uSwitch.com, says:
“Gone are the days where people stick with the bank where they opened their first account as a child. In five years, five million people have taken advantage of the benefits of switching their bank or building society current account. Yet far too many of us have unnecessarily stayed put for years.
“There has never been a better time to switch, as banks and building societies compete for your attention with gifts, incentives, and a range of rates and fees. Some, like HSBC and Nationwide, are throwing free cash at new customers, whereas you can get your hands on some Bose headphones or a FitBit from First Direct.
“More high street branches are closing as apps and online services improve, reflecting the change in consumer needs, while direct debits and standing orders are now automatically transferred over when you switch accounts – meaning the hassle of changing bank or building society has been completely removed.
“Whatever your priority, you owe it to yourself and your wallet to have a look at switching.”
Launched in September 2000, uSwitch is an online and telephone price comparison and switching service, helping consumers get a better deal on gas, electricity, broadband, TV services, mobiles and personal finance products including mortgages, credit cards, car and home insurance. Last year we saved UK consumers over £278 million on their energy bills alone.
Customers can sign up to an account that automatically monitors the energy market and notifies them when they can move to a cheaper tariff, while broadband customers can conduct a speed test to find out how fast their broadband is and identify the best deal for their postcode.
The multi award-winning 'Switching Made Simple' app allows customers to compare energy, broadband, credit card, mobile and SIM-only deals – and uSwitch also has a UK contact centre manned by energy and broadband experts. Customers can post their latest energy bills to FREEPOST USWITCH to receive a free call back and be guided through the comparison process, or they can email firstname.lastname@example.org with their postcode and usage details.
uSwitch is owned by ZPG, which operates some of the UK’s most trusted digital brands that help empower smarter property and household decisions including Zoopla, Money, PrimeLocation and SmartNewHomes.
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