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More Britons switching banks after launch of new rules

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Published Wed, Jul 22, 2015 · 09:50 PM

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London

NEW rules making it easier for Britons to switch banks resulted in a 4 per cent increase in customers moving accounts in the year to the end of June, the body overseeing the system said on Wednesday.

Data from Bacs showed that there were 1.1 million switches compared with 1.06 million over the same period one year before.

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