Jan 29 • 13M

Divorce, bank accounts and Balls

 
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Shining a spotlight on the UK’s payments landscape - exclusive payment insights, hot topic briefings and fundamentals unpacked. Get to grips with the UK’s retail payments landscape with Mike Chambers, Chairman, CEO, Advisor, Ambassador, NED, Awards Judge and #paymentsinfluencer Contact: collaboration@northeypoint.co.uk
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Back in July 2012 the then shadow chancellor Ed Balls said: “You’re more likely to be divorced than to change your bank account.”

Speaking to the BBC’s Andrew Marr, he said: “It’s very difficult to change bank accounts. People do it every 26 years. You’re more likely to be divorced than to change your bank account, and that’s partly because it’s difficult.”

In 2013 this all changed and, the now familiar, Current Account Switching Service was launched….

It was a privilege to be responsible for the ownership and operation of CASS for the first 4.5 years of its operation (about 50% of its current existence) - because finally the process of switching a current account between banks and building societies simple, reliable and stress-free.

In this podcast we explore the latest Current Account Switching Service data released by Pay.UK - covering the service itself and the winning / losing banks.

- Blog: Current Account Switching Accelerates

- Newsletter: Payments:Unpacked