In many cases, people are still together with the banks they joined as students or even children.
When you haven’t switched for a long time there’s a possibility you don’t have the best account to suit your needs.
The Existing Account Switch Service was placed in 2013 to enable individuals to move their bank or building society account to a different one one, at no cost, in a more simple way, taking just seven working days and helping organise redirections, payments out and in and so forth.
Previously twelve months (1 October 2014 to 30 September 2015) over changer de banque comment faire, whilst the total quantity of switches now stands at 2,252,129 considering that the seven-day switching initiative was launched in 2013.
776,301 switches have got place during 2015 with 231,063 switches completing in the last 90 days.
Some points to consider when switching banks
Each of the outgoing payments, standing orders and direct debits you have put in place should be updated for your new account within seven working days, plus a redirect should be put in place for approximately per year (just in order to cover you in case of annual payments you may have forgotten about).
Your budget you might be transferring to should handle this without you having to make it happen manually. Simpler World has some useful information concerning how to switch banks.
It’s also really likely that your particular new bank will work a credit check into you, through one of the main credit reference agencies including Experian.
Initially, taking out a whole new account might watch your score reduce a little, but managing it well might help build your credit track record. So it’s a smart idea to ensure that the 44dexepky on your credit track record is accurate, up-to-date, and reflects your present circumstances.
Should you find anything that isn’t right, you may either tell us or contact the appropriate lenders direct. Watch out too for unfamiliar or suspicious entries there that can indicate identity fraud, and financial associations that happen to be not any longer relevant, for example a backlink to an ex-partner.
It’s also worth taking the ability to take a look at outgoings prior to switch them over to your brand-new account, especially direct debits that you have forgotten you had that you no longer need or realise you might do without – maybe an unused gym membership, out-of-date warranties etc. So switching accounts could reap financial rewards on several fronts.