Gone are the days where changing your bank account as harder than neuro-surgery. There is a system in place which you’ve probably never heard of – called the CASS system. (The Current Account Switcher Service in its entirety) It is guaranteed service that 99/9% of banks and building societies in the UK are signed up to and using. for a full list of participating businesses, click here
It is GUARANTEED click here for the full guarantee here’s the main key points:
There are so many reasons to switch, some banks give you a cash incentive, some will give you cashback (for just paying your bills!), some will give you Free things like cinema tickets, gourmet society cards, magazine subscriptions, better interest, some will give you insurances that you may need/want. Sometimes, it’s not money related at all, it could be because they have a branch near to your home, it could be that you don’t go into town and you prefer and online experience, it could be because their service is just better, it could be they have a more intuitive app, whatever your reason to want to switch, DO IT!
Back in the day, when someone came into the bank and said ‘I want to switch my bank account’ it was nerve racking for both the customer and for the advisor!
It was testing times! When I heard of this new system come in – I was convinced it wouldn’t work – but it does! There is now – NO REASON to not switch your account. Sign up to the new bank/building society and give them your old sort code and account numbers, sign a bit of paper and you’re off! The form that you sign, you should read, but essentially, you are giving permission for the new place to act for you and close down your old account and transfer any balance over to your new account. The switch will take 7 Working days. The responsibility of the switch is on the NEW bank/building society. No Grey areas, simple, straight forward.
There are loads of deals available, I won’t publish them on here as they change on a weekly basis, feel free to watch out, every Monday for my ‘Money Monday’ break down, every Monday Morning, by visiting my Facebook Page or Instagram
If you’d like some help in deciding where to bank next, have had a bad experience of switching in the past, perhaps you just need someone to talk switching your account through with, please don’t hesitate to contact me.
If you have any questions relating to money or starting or running your own business, feel free to send me a message by simply clicking on ‘Get in touch’ alongside.