Bagpuss

In the window of Bagpuss & Co.

Saggy old fat cloth cat

Sorry - totally disagree with you here. Its dead easy to set up an account these days so anyone can do that first then move all thier payments over. However I agree that the moving over part would then be difficult but from one point of view that is quite a good thing - how woudl you like it if someone moved your account to another bank for you? One area where it was made much easier to move companies was gas and electricity and we have heard lots of horror stories about people having thier accounts moved because thier daughter answered the door etc. I don't think anyone would like moving banking accounts to be that easy. Also the huge amount of red tape banking regulations that the banking industry is wrapped in in the UK make moving moving accounts a regulatory minefield.