I don’t have a bank account, because I don’t know my mother’s maiden name. Paula Poundstone October current account switches (supported by the full switch guarantee) reach 65,810 – 4th highest month for 2020. Source: Pay.UK Latest quarterly Northey Point tracker: CASS Tracker.
Like the rain that falls from the sky the COVID pandemic has not impacted everyone equally. This statement is especially true when it comes to the impact COVID has had on the needs of financially vulnerable customers. Last week Pay.UK, the operator of the UK’s Current Account Switching Service, held a webinar that centred on whether the pandemic has changed the […]
Not one of the big five banks has troubled the top of the Which? Money 2020 table for current account satisfaction, which sees digital-only challenger Starling Bank take the crown. Source: Which? Money Read more: https://www.which.co.uk/news/2020/12/starling-and-monzo-eclipse-high-street-giants-in-which-current-account-survey/ In the Which? survey you’ll find: the 24 best / worst current account providers (based on the survey results) that 4/6 of the highest […]
Like the rain that falls from the sky the COVID pandemic has not impacted everyone equally. This statement is especially true when it comes to the impact COVID has had on the needs of financially vulnerable customers. Last week Pay.UK, the operator of the UK’s Current Account Switching Service, held a webinar that centred on whether the pandemic has changed […]
Three times as many SMEs have been satisfied than dissatisfied with the COVID-19 support available from their bank or building society. Today (24 November 2020) Pay.UK published research on the impact of COVID-19 on SME business banking – the research was conducted by YouGov research and was commissioned by the Current Account Switch Service. Four in ten SMEs satisfied Overall, […]
Pay.UK have published the number of Current Account Switches that took place in October. The number of switches has recovered from the Lockdown 1.0 levels but remain significantly less than February or March this year. More: Northey Point’s Current Account Switching tracker.
Current account switches steadily rose in Q3 as bank incentive offers returned A couple of days ago (29 October 2020) Pay.UK published the Q3 2020 Current Account Switching Service (CASS) dashboard – click below to check out Northey Points ‘winners and losers’ blog. Monthly Account Switching Stats Pay.UK report that total 136,575 switches took place in the third quarter of […]
The Q3 2020 Current Account Switching Service (CASS) dashboard has been published today (29 October 2020). In this latest dashboard we find out how many of us transferred our bank account in Q3 2020 and who the switching winners and losers were during the COVID lockdown in Q2 2020. The number of switches during 2020: Source: Pay.UK A total of […]
The latest Current Account Switch marketing campaign focusses on the message “if money is on your mind, having the right bank account is important”. The ‘Switch Guarantee Guy’ returns to explain the key benefits of the Current Account Switch Service for both individuals and businesses. Read, subscribe and share This blog is from the latest edition of my newsletter “Payments, […]
The Payments System Regulator (PSR) has announced that they are satisfied that the Current Account Switch Service (CASS), operated by Pay.UK, continues to meet the criteria for designation as an alternative switching scheme. This follows a review of information and evidence submitted by Pay.UK, the operator of CASS, for the purpose of an annual assessment. The Treasury appointed the PSR […]