Further evidence today that very few people are switching current account. Charlie Weston, in the Indo, has reported on the new CBI switching figures here and here.
About 0.2 percent of people switched in the last 6 months. This stat covers people who used the CBI switching process rather than doing a self switch so it is not fully accurate. Also, the stat does not cover those who opened a brand new account without closing an old account. However, it paints a picture of very few people willing to switch bank account.
It is a shame that more people are not going to the minor hassle of switching bank account.
About 0.2 percent of people switched in the last 6 months. This stat covers people who used the CBI switching process rather than doing a self switch so it is not fully accurate. Also, the stat does not cover those who opened a brand new account without closing an old account. However, it paints a picture of very few people willing to switch bank account.
It is a shame that more people are not going to the minor hassle of switching bank account.