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<p><strong>The Current Account Switching Service launched in September of last year,
and has had a very positive impact. Early signs are positive, with switching numbers
in Q4 of 2013 up by 17 per cent compared to Q4 of the previous year. </strong></p><p>
</p><p><strong>The Financial Conduct Authority will carry out a review in September
of this year into the effectiveness of the Current Account Switching Service. This
will include an assessment of the effect the introduction of seven day account switching
has had on the number of people changing bank account provider. </strong></p><p> </p>
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