MSE News: Total number of bank switches dropped in 2016 - earn £100+ by switching

Not especially a surprise as the range of banks offering switching bonuses is pretty low and the number of people who haven't had them before and therefore qualify is probably low as well.

Also, ironically, I'd wager quite a few people have switched thinking (as Mr Lewis so delightfully puts it) that their "bank's a b*stard" and then discovered that in reality they're all much of a muchness.

PeacefulWaters wrote: »

Santander's fee increase to a fiver probably delivered that reduction single handedly.

Yup. They're even further off my "potentials" list with that one.

And frankly, Co-op and Halifax combined pay me £7+ a month without having to pay a fee; being a renter whose household bills are relatively minimal I struggle to see how the 123 account helps me in any way.


Already been with FD, already been with Co-op, had the incentive off Halifax, M&S don't want me, TSB won't pay incentives for joint accounts (and I don't want to do all the admin around making my joint account sole) therefore no bonuses for me and no point switching.