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HSBC and Lloyds among 33 lenders to sign up to account switching service

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Thirty three banks and building societies will partcipate in a new scheme to make switching current accounts quicker and easier.

When the Current Account Switch Service launches in September 2013, switching will be completed in seven working days. Currently it can take between 18 and 30 working days.

Customers will also be able to choose and agree the switch date with their new current account provider and all payments going out and those coming in will be moved from the old account to the new account.

The full list, which covers virtually 100% of the current account marketplace, is detailed below.

All of these current account providers will use the Current Account Switch Guarantee, detailing the benefits of the service, and will display the accompanying Trustmark. Both have been designed to give consumers trust and confidence when switching current accounts.

Adrian Kamellard, chief executive of the Payments Council said: “The new service, when launched in September, will deliver a significant step-change for current account switching in the UK, leading to more competition in the marketplace and greater choice for customers.”



Financial Institution Bank and Building Society Brand
AIB Group (UK) p.l.c. Allied Irish Bank (GB), First Trust Bank
Bank of Ireland Bank of Ireland UK PLC, Post Office
Barclays Barclays
C. Hoare & Co. C. Hoare & Co.
Clydesdale Bank PLC Clydesdale Bank, Yorkshire Bank
Cumberland Building Society Cumberland Building Society
Danske Bank Group Danske Bank (Northern Bank Limited)
  Danske Bank A/s London Branch
Handelsbanken Handelsbanken
HSBC HSBC Bank plc, first direct, M&S Bank
Lloyds Banking Group Bank of Scotland, Halifax, Lloyds TSB and the future TSB
Metro Bank Metro Bank
Nationwide Building Society Nationwide Building Society
RBS Group The Royal Bank of Scotland, NatWest,
  Ulster Bank, RBS International,
  Isle of Man Bank, Coutts, Adam & Company
Reliance Bank Reliance Bank
Santander UK plc Santander
The Co-operative Bank The Co-operative, smile
Virgin Money Virgin Money

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