LONDON, UNITED KINGDOM — (Marketwire) — 04/24/12 — Over 40% of people have never changed their , while 39% haven-t changed for over five years(1). Some people feel is a hassle – but it doesn-t need to be. Not every current account is the same, meaning there can be real benefits in choosing one better suited to a consumer-s needs.
This is why Nationwide has filmed a short video with money expert, Michelle Slade, to explain why people should consider switching their current account and to assure consumers that the switching process can be simple. The video can be found at and journalists are welcome to embed the video onto their websites.
Phil Smith, Nationwide-s head of strategy, planning and portfolio, said: “At Nationwide, the account transfer process is really simple; you just fill in one form and we do the rest. We contact your bank, we get a list of standing orders and direct debits and transfer them for you. You just transfer your salary as and when you-re ready. With the Nationwide Account Transfer Promise, we-ll contact your Direct Debit providers within 10 days and, if we don-t, we-ll give you GBP 100.”
Nationwide-s four-point Account Transfer Promise:
In addition, if the customer switches in-branch, Nationwide will aim to match the overdraft amount offered by the switcher-s previous provider(2).
About Nationwide Building Society:
– Nationwide Building Society is the world-s largest building society, the UK-s second largest provider and third largest lender. It is also a major provider of , , and .
– With around 16 million members, Nationwide has a relationship with almost a quarter of the UK population. In the first half of 2010/2011 alone we helped 10,000 people buy their first home
– Since the credit crunch began in 2007, Nationwide has remained profitable against a very difficult economic environment. In the year 2010/11 Nationwide made a strong underlying profit of GBP 276 million – up 30% from the previous year
Notes to editors:
(1) Survey by Opinion Matters on 21/06/2011 – 28/06/2011.
(2) Conditions:
Contacts:
Media information:
Nationwide
Anthony Hua
01793 657770
Nationwide
Michelle Slade
01793 657500