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Current account switches ramp up with one bank ‘head and shoulders’ above rest
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The Independent
Read our Privacy noticeThe number of current account switches has topped a million for the third year in a row after a surge in people hunting down new deals towards the end of 2025.
The final three months of 2025 was the busiest quarter, with 350,114 current account switches, according to data from the Current Account Switch Service (Cass).
The service allows people to switch their current account automatically by having payments moved over to a new provider.
Some people move their money outside of Cass and so the figures provided do not include those switches.
Nationwide gained the highest number of customers switching to its current accounts between July and September, with Cass’s data reported three months in arrears.