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Could switching your bank account make you better off right now?

Competition has been ramping up between current account providers – so what are the benefits of switching? By Vicky Shaw.

Vicky Shaw
Friday 05 May 2023 10:12 BST
Could switching your bank account make you better off right now? (Alamy/PA)
Could switching your bank account make you better off right now? (Alamy/PA)

The number of current account customers ditching and switching their bank or building society has jumped recently.

Some 341,075 switches took place between January and March 2023 – marking a 73% increase when compared with the same period a year earlier, according to the Current Account Switch Service (Cass).

The surge could be a sign of people looking to make their money stretch further, perhaps encouraged by an array of offers from current account providers of cash to switch.

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