Most individuals postpone switching banks as a result of they suppose IT can be an excessive amount of problem and IT’s simpler to stay on the identical account regardless of receiving no rewards.
Nicely, what if we advised you there’s a solution to change with little to no problem?
For those who’re unsure in the event you ought to change banks then check out the professionals and cons.
CASS
Current Account Switching Service affords you a solution to transfer your cash, change accounts with out doing a whole lot of work your self.
CASS will be sure to match your overdraft restrict, your direct debt, standing orders and processed funds will all be taken under consideration and linked.
You possibly can change with…
There are over 50 UK banks who’re signed as much as CASS which means it is possible for you to to change simply. These embrace,
- Santander
- Halifax
- NatWest
- Lloyds Financial institution
- First Direct, and plenty of extra
You possibly can’t change with…
- A joint account with out the permission of each events
- Saving accounts
- ISAs
- Non-sterling cost accounts.
Eligibility
You usually should have a set quantity of direct debits arrange as nicely a minimal deposit to put into the account.
A full Swap
That is if you find yourself transferring every thing into a brand new account and shutting down your outdated one.
A Partial Swap
If you wish to preserve each accounts with a view to obtain rewards from each and to maintain your cash separate this can be a partial change. This might be a good suggestion in case you are attempting to funds and need to have cash in numerous pots or in case your financial institution affords good rewards.
If you wish to change accounts, discover one of the best one for you and speak to your financial institution about CASS for a straightforward transition.
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