MP welcomes new Switching Service

October 21, 2013 3:09 PM

Tom Brake, MP for Carshalton and Wallington, has welcomed the recent launch of the new Current Account Switch Service in his constituency.

The service is free, simple and remarkably efficient. It enables consumers, small charities and small businesses to switch their bank accounts in an average of just 7 days, a marked improvement from the previous of average of between 18 and 35! The customer can even choose and agree the switch date with their new current account provider.

The service forms a core part of the Coalition government's plan to reform Britain's banking system. Enjoying national success, the service increases both transparency and choice. In fact, 17 banks and 33 current account brands are already offering the new service and Current Account Switch Guarantee.

Tom Brake commenting on the introduction of this unique service said, "I warmly welcome this launch in light of the benefits it will bring to residents in Carshalton and Wallington."

" This service helps all manner of people, from consumers to charities to small businesses and allows them to have the confidence to make the switch."

" Banks will have to work hard to attract customers and secure their trust. This service will dramatically modernise the way we, in Carshalton and Wallington, bank."

Adrian Kamellard, the Chief Executive of the Payments Council, has suggested that this new service will revolutionise current methods of banking. He has described this new process of switching as "simple, reliable and hassle-free."

Consumers will be confident in the knowledge of a guarantee in place, in case of problems resulting in financial loss during the switch. Furthermore for 13 months following the switch, customers will be assured that payments, accidently made to the old account, will be redirected to the new account.

For more information about this new, exciting, reliable and free service go to www.simplerworld.co.uk and www.paymentscouncil.org.uk/switch_service

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