The Office of Fair Trading blasted banks for making current accounts too complicated and said the lack of transparency deters consumers from switching to a better deal. This is backed up by separate research from Alliance & Leicester which found that nearly 60% of us have never switched current account provider. Have you ever changed your current account?
Have you ever switched current account provider? Vote now...
Yes – and it was much more straightforward than I was expecting (34.3%)
Yes – but it was a complete nightmare and a hassle I won’t be repeating. (17.3%)
No – I’ve always had my current account with the same bank. (48.4%)
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