Thousands of people are expected to be impacted when Intelligent Finance closes all of its current accounts this year. Lloyds Banking Group, the parent company of Intelligent Finance, has confirmed that those customers affected will be given two months' notice before their account is closed.
The first group of current account holders should have already been notified, with their current accounts being closed on August 1. However, some account types will not be affected by the change - including those people with savings accounts or a mortgage with Intelligent Finance.
The Mirror reports that those people with a non-ISA savings account whose current account is closing, will see their money automatically transferred over. While those with just a current account, or an ISA account, will be sent funds in the form of a cheque in the post - though you can contact Intelligent Finance directly and ask for the money to be transferred to another pre-existing bank account.
