In addition to our important role operating the UK’s national retail payment systems, we also manage a number of vital switching services on behalf of the industry.
These various services are all aimed at making life easier for consumers, businesses and charities, and include the UK’s flagship Current Account Switch Service, which has heralded a step-change in the ease with which a current account can now be switched.
In fact, since its launch in 2013, over seven million accounts have been switched in the UK using the service, which is now offered by around 50 banks and building societies.
However, the switching services we manage extend beyond just this and include the Payment Transfer Service, the Bulk Payment Redirection Service, and the Cash ISA Transfer Service.
You can find out more about all of these in this section, including links to eligibility criteria for organisations interested in participating in any of these services.