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A fifth of current account switchers choose Halifax

11th September 2014 Print

One year on from the launch of the Current Account Switching Service (CASS), official figures released confirm that over one million people have switched their current account using the new system, with around a fifth of these choosing to bank with Halifax.

As one of the UK's leading current account providers, Halifax has embraced the seven day initiative, and has continued to offer one of the most rewarding current accounts in the market. Customers switching to the Halifax Reward Current Account can earn over £250 in rewards during the first year after they have switched to this account, including:

a £100 switching bonus, when customers use the CASS

12 x £5 monthly reward payments when customers pay in £750; pay out two direct debits, and stay in credit each month.

around £100 in cashback extras over a year

Anthony Warrington, Director of Halifax Current Accounts, says: “In the last 12 months the CASS has given people greater confidence in their ability to quickly and easily switch their current account, and in this period Halifax has demonstrated it’s the bank that's most rewarding for customers. It is great to see that so many clearly agree by voting with their feet.

“Our focus over the next year will be to continue to challenge the current account market by providing great value products together with a consistently high level of service.”