Central Bank urged to improve systems as current account switching hits five-year-low
The Central Bank has been urged to improve and simplify its switching code of practice on the back of new figures showing the number of people changing their current account to another bank hit a five-year low last year.
The Central Bank said 1,542 current account holders switched banks in the second half of 2018, the lowest level since the second half of 2013. The overall number of current accounts held by personal consumers also decreased; by 1.5% to around 5.35 million.
