Newry banking customers ‘could be missing out on savings’ | Latest Newry News, Newry Sport and Newry Business for Newry City

Newry banking customers ‘could be missing out on savings’

ATMThe Consumer Council is launching a new current account comparison table to help consumers compare products currently available from banking providers in Northern Ireland.

Speaking about this new resource, John French, Chief Executive of the Consumer Council said, “43% of consumers have told us they either don’t know or wouldn’t feel confident about comparing different current accounts.



“This is preventing consumers from shopping around and according to the Competition and Markets Authority, potentially saving on average £66 per year. Our new comparison table helps consumers to do just that.

Article continues below:

25th March 2017

“We would encourage everybody to compare the range of bank accounts available to them to ensure they are getting the best overall deal and the service to meet their individual needs. The banking comparison table also provides information about how you can access your bank.”


“Consumers shouldn’t be put off switching for fear of things going wrong. The Current Account Switching Service makes switching accounts between banks and building societies simple, reliable and stress-free.

John added, “The switch will be completed in seven working days and your new bank or building society will take care of moving all your incoming and outgoing payments. If anything does go wrong, the Current Account Switch Guarantee entitles you to compensation.”


To access the current account comparison table visit:

Article continues below:

25th March 2017 Box Advert

For further information on switching bank account contact the Consumer Council on 0800 121 6022 or email, Twitter (@ConsumerCouncil) or Facebook (Consumer Council Northern Ireland).

Short URL:

Posted by on Apr 24 2017. Filed under Community. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Find us on Facebook

Log in | Designed by Gabfire themes