Redessociales

While many people are with their bank because they’re used to them or because it seems like an unwanted hassle to change accounts, there can be benefits to shopping around. And just because you keep your main account in one bank, there’s no need to keep all your accounts or credit cards with one firm.

If you have a poor credit rating or a large overdraft, you may find it harder to change banks, but some banks will ‘buy’ your overdraft from you, or offer to convert it into a loan. For a small fee you can request details of your credit rating from Equifax or Experian – the two leading credit reference agencies.

Convenience