Alliance & Leicester Switching Made Simple guide launched
www.moneynews.co.uk > Banking > Alliance & Leicester Switching Made Simple guide launched
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Money News |
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Alliance & Leicester Switching Made Simple guide launched
Thu 30th Mar 2006
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According to research carried out by the company, 39 per cent of SMEs are reluctant to change their account for fear of disrupting their banking arrangements.
Some 70 per cent of SMEs said they would switch their bank account if they could benefit from lower account charges and 65 per cent said they would be tempted to change if they thought they were receiving a poor service from their current bank.
"Switching needn't be a headache, banks are making it even easier – and quicker – for businesses to move accounts," said Steve Jennings, director of business banking at Alliance & Leicester Commercial Bank.
"I encourage all business owners to review their banking arrangements to ensure they are getting value for money and good service."
The Alliance & Leicester Switching Made Simple guide informs SMEs of a number of points to consider, such as checking the terms and conditions of the account to which you are switching and completing a mandate that will allow your new bank to deal with your old bank on your behalf.
Alliance & Leicester estimated that small businesses are losing out on a collective £136 million per year by not shopping around for the best accounts.
Related News : Banking |
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Related News : Alliance & Leicester |
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