The UK's bank switching war is heating up. 🏦

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If you're looking for a reason to ditch
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your bank, the latest numbers are in and
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there is one clear winner. Nationwide
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has retained its crown in the UK's bank
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switching war. In just three months,
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they secured a net gain of over 41,000
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customers, largely thanks to that
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tempting £175 switching bonus. On the
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flip side though, Santander is feeling
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the burn. Despite offering their own
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sweetener, they actually lost nearly
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20,000 customers net. So, why the mass
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exodus? Well, it could be because of the
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tech. Santander was hit with an outage
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last March, leaving customers unable for
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their morning coffee. Or is it around
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branches? Santander said that it would
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close another 44 sites after laying out
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plans to shut in 95 last year. Well,
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what would make you drop your current
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bank? Is it branches, bad tech, or could
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you just be enticed by a couple of
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hundred pounds straight into your
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pocket? Let us know in the comments.

The UK's bank switching war is heating up. 🏦

City AM

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The UK's bank switching war is heating up. 🏦

City AM