MSE News: Current account switch decline – which banks were the winners and losers?

bigadaj

EachPenny wrote: »

Completely agree.

The number of accounts 'gained' in the switching tables would be the 'vanity' part of a modified version of the the well known vanity/sanity business saying. It is easy to gain new customers (/increase turnover) if you are willing to give enough cash away to achieve it.

Nationwide has the luxury of no shareholders to scream and shout at them for giving their profit away so easily.

Well when 90% of profits made by Barclays up to the gfc went to employees and 10% to shareholders, then bunging a few grand to gain market share looks like a cheap option.

No need to do dodgy deals with questionable middle eastern states to stop being nationalised either!