I think what MGT was meaning...
was that if you were to move *all* of your banking to another bank it's a right royal pain in the arse. All your standing orders, all your direct debits etc. have to be moved over. Forget one? It may bounce, and it *may* harm your credit rating if it does.
Of course you can open an account with another bank whenever you like (depending on credit rating) but if you want to move your business to that bank (e.g. all the products you use) it's a bureaucratic nightmare.
Edit: damn, beaten to the reply
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wideeye slightly pickled, Fri 6 Jul 2012, 15:20,
Reply)
Forget one? that's your own damn fault!
as for the rest, see above.
Plus, opening an account does not depend on credit rating. All banks must offer a basic account regardless of your credit rating. It is law.
(, Fri 6 Jul 2012, 15:27, Reply)
I think you're straying from the point here,
nobody is saying moving your business elsewhere is impossible. But it is enough of a hassle not to be worth doing unless there was some compelling reason to do so.
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Moon Girl Technologies horrendous beanbag, Fri 6 Jul 2012, 15:34,
Reply)
It has been made incredibly easy
What would be your proposed 'no-hassle' solution then?
(, Fri 6 Jul 2012, 15:39, Reply)
I'm not proposing one,
it's impossible. I can't think of any possible system where you could open an account with Barclays (with no ID), make a deposit in Lloyds, and a withdrawal from Santander. That would be a nonense.
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Moon Girl Technologies horrendous beanbag, Fri 6 Jul 2012, 15:42,
Reply)
I don't worry so much about ME
forgetting one. I have wanted to change banks for ages because mine is incompetent, but I just KNOW they would mess it up and I'm not financially secure enough to juggle for a month or so while it is sorted out.
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TheSundaeLunch I'm a fucking shrub, alright?, Fri 6 Jul 2012, 15:40,
Reply)