The most popular banks to switch to, and what to know before moving

[DiogoCardoso]

More people are switching bank accounts than at any time in the past few years. Which? reports that the Current Account Switch Service handled 411,384 switches between July and September, up 55 percent and the highest quarter since late 2023

The year to date total is 1,019,912. Between April and June, the biggest net gains went to Nationwide, Barclays, NatWest and Monzo, while Halifax, TSB and Santander saw the biggest net losses

The top reasons for switching were the app or online banking at 43 percent, customer service at 34 percent and savings interest at 31 percent. Some 74 percent of switchers prefer their new account

Current switching incentives include £300 from Barclays, £240 from Santander, £220 from HSBC and £175 from Nationwide. More than 6,719 branches have closed in a decade

Good apps clearly matter to customers now, which explains why Monzo is among the winners. Switching bonuses are tempting, but finding a bank that suits your daily habits matters more in the long run. With so many branches closing, online banking quality has become essential

Have you switched banks recently? And what matters most to you in a bank?

The most popular bank to switch to - and what to know before moving - Which?www.which.co.uk

[Toby50]

Switching bonuses add up if you move regularly. Some people do it every year. Just meet the conditions carefully

[Rachel_29]

Nationwide gaining customers is no surprise. Their service is consistently good. Being a building society helps their reputation

Members feel valued. Profits go back to customers