switching banks should be easy

Competition between local banks should be stimulated by making it easier for consumers to move their accounts elsewhere, Nedbank retail managing director Rob Shuter said yesterday.

Competition between local banks should be stimulated by making it easier for consumers to move their accounts elsewhere, Nedbank retail managing director Rob Shuter said yesterday.

"The introduction of a switching code would provide a set of standard processes and guidelines for banks to follow when a client wishes to switch banks." - Staff Reporter

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