A bank has warned customers that they need to be aware of a major incoming change which is expected to impact thousands of people.
Intelligent Finance is set to close all its current accounts this year, starting from August 1. Those who have a savings account or mortgage with Intelligence Finance will not be affected by these changes, while if you have a non-ISA savings account with Intelligent Finance and your current account is closing, any money you have will be automatically moved over.
If you only have a current account, or an ISA account, you will be sent your funds in the form of a cheque in the post, or you can contact Intelligent Finance and ask for your money to be transferred to another account. The bank has already begun notifying its customers of the closures, and parent company Lloyds Banking Group confirmed that all customers affected will be given two months' notice before their current account is shut down, The Mirror reports.
