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switching banks

Is there any drawback to switching banks? Such as getting mortgages or loans?

I have been with Barclays for 28 years and have a lot of savings with them, and my business account is with them too, but they have charged me £22 for going overdrawn for just 24 hours last week and I really want to leave them, the attitude of customer relations when I queried this was appalling.

But, I don't want to cut my nose off despite my face if there is some benefit to being a long-term account holder.

Comments

  • onlypaddy
    onlypaddy Posts: 991 Forumite
    Debt-free and Proud!
    long term account holding looks good on credit reports....

    and all banks have similar charge for breaching agreed overdraft limits, some even worse than what you've been charged
    Debts at LBM (May '08) £5760 - Lloyds CC £4260, Lloyds OD £1500;
    Debts as of May 28th 2011:
    Santander CC: £0.00
    Lloyds OD : £0.00
    DFW Nerd #1247 - Proudly dealt with my Debts :D Olympic 2012 Challenge #12
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