Time to break up with your current bank? Falling in love with a new bank? Let CASS help you
Issue 366 | 3 August 2022
Trouble and strife
In a week that we have seen trouble in the IT room for a UK building society and strife in the boardroom for a global bank it’s useful that the UK’s Current Account Switching Service (CASS) offers a simple, effortless and trustworthy way to switch our bank account to a new provider.
With CASS, no longer do we have to risk disrupting our finances when moving from an ‘old’ bank to a ‘new’ bank.
Falling in love with a new bank?
Time to break up with your current bank?
The let the Current Account Switching Service mediate a transfer to a new banking provider in just seven days - guaranteed1.
Each quarter Pay.UK, the operators of the UK’s CASS scheme, publish service performance data for the last quarter and participant data for a quarter in arrears.
Winners and losers
We’ll be back with a service performance update but this newsletter focusses on which UK banks (and building society) are winning and losing in the race to bank the UK’s population.
Q1 2022: Participant performance
For competitive reasons Pay.UK publish participant CASS data a quarter in arrears so the latest data provides an insight to switches completed in Q1 2022:
Of the 47 brand participants 8 brands recorded a net gain of accounts.2
Winners and losers by brand
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