Is current account switching boom driven by cash carrots on offer from banks - or something else? episode artwork

EPISODE · Jan 31, 2025 · 49 MIN

Is current account switching boom driven by cash carrots on offer from banks - or something else?

from This is Money Podcast

More than a million people switched current account last year - the second time it has ticked over the 1m mark.So, who is winning the switching battle and is it all driven by people chasing a quick and easy buck from banks? Lee Boyce and Georgie Frost dive into the data and also look at why you might not be rich enough to bank with HSBC anymore... if you want its exclusive account.The Government rules out forcing businesses to accept cash - is that a smart move?Need help with your tax return? HMRC slammed for poor customer service record via the telephone, is all the criticism justified? And your next car insurance quote might just be significantly lower... as Lee sees a huge drop with an auto-renewal that had him smiling from ear-to-ear. Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

More than a million people switched current account last year - the second time it has ticked over the 1m mark.So, who is winning the switching battle and is it all driven by people chasing a quick and easy buck from banks? Lee Boyce and Georgie Frost dive into the data and also look at why you might not be rich enough to bank with HSBC anymore... if you want its exclusive account.The Government rules out forcing businesses to accept cash - is that a smart move?Need help with your tax return? HMRC slammed for poor customer service record via the telephone, is all the criticism justified? And your next car insurance quote might just be significantly lower... as Lee sees a huge drop with an auto-renewal that had him smiling from ear-to-ear. Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us [email protected] us  020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen CraneProducer: Georgie Frost Hosted on Acast. See acast.com/privacy for more information.

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Is current account switching boom driven by cash carrots on offer from banks - or something else?

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This episode was published on January 31, 2025.

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More than a million people switched current account last year - the second time it has ticked over the 1m mark.So, who is winning the switching battle and is it all driven by people chasing a quick and easy buck from banks? Lee Boyce and Georgie...

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