K
I've read recently in the papers that a code of conduct on switching banks should be ready soon. It's probably worth waiting until it comes into force (early next year?) because it should take a lot of hassle out of the move.
"Under the code, if consumers decide to switch their current, deposit or savings accounts, their new bank will be obliged to have the new account up an running within 10 working days of the date on which they approve the application.
Currently, consumers must handle the time-consuming process of switching all standing orders and direct debits from their old to their new accounts.
But under the code, consumers sign a transfer for authorising the old bank to give the new bank a list of direct debits and standing orders, which the new bank then sets up. This process must be completed within seven working days"
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