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Evening Standard
Evening Standard
Vicky Shaw

Current account switches ‘jumped by 43% annually in first quarter of 2026’

Cass the Current Account Switch Service Interest Rates Lloyds Nationwide Building Society UK
Between October and December 2025, Nationwide Building Society secured the highest net switching gains among people using the Current Account Switch Service to move their accounts, according to data released voluntarily by providers (Mike Egerton/PA Archive) - (PA Archive)

Current account switching levels jumped by 43% annually in the first quarter of 2026, according to a service set up to take the hassle out of moving banks.

Some 319,529 current account switches were recorded over the three-month period, marking a 43% increase compared with 222,805 switches recorded in the first quarter of 2025.

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