There are around 70 million active current accounts in the UK, yet only 3.5 million have been moved using the seven day switching service.
The launch of the current account switching service (CASS) in September 2013 was supposed to encourage people to change account where they could get a better deal, but these figures suggest the majority of account holders have stayed put.
Source Moneywise http://ift.tt/2j7v97g
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