Cost of living: Cash bonuses behind record number of bank switches

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Up to £200 was offered by some banks to switching customers – prompting the most moves since 2013. …

David Piper, head of payments operations at Pay.UK, the owner and operator of Cass, said: “It is encouraging to see the highest level of switches ever this quarter, demonstrating the continued relevance of the service to consumers and businesses across the UK.”

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