Surge in current accounts switch

Current account providers are seeing a surge in consumers looking to switch deals after the launch of a new guarantee to take the hassle out of changing banks just over a week ago.

Comparison website MoneySupermarket has reported a 45% increase in the number of visitors to its site looking to snap up a new current account following the changes, which mean that people can now ditch their old provider and switch to a new one in just seven working days.
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