If you’re thinking about switching bank accounts, read all about the icount current account with prepaid card and how easy it is to switch your current account.
It’s recommended that you regularly review the benefits of your bank account compared to offerings from other providers, to make sure you’re getting the best support for your finances. It’s best practice to switch your bank account as and when you see fit and you shouldn’t be concerned about loyalty when it comes to making the most of your money.
These days, however, there are plenty of other options to consider when looking for the best home for your finances, many of which aren’t offered by the typical high street bank. These options include current accounts with prepaid cards, which is an especially useful tool for helping you to take care of your money.
Switching bank accounts to an icount current account with prepaid Mastercard® couldn’t be easier. In fact, it takes just 3 minutes to apply for one of our prepaid cards. If you’ve never chosen to switch bank accounts before, our guide will tell you everything you need to know to safely move your money to a better place.
How easy is it to switch my bank account?
Switching bank accounts is very simple and easy to do, especially with the latest Current Account Switch Guarantee in place. This service was launched in 2013 and is completely free to use. It covers 99% of current accounts in the UK and the vast majority of switches take just 7 days to complete. Once your application for a new current account has been accepted, you’ll be asked to fill in a couple of forms, provide some proof of identity and after some checks and processing, your money will be sent to your new current account in just a matter of days.
Your new provider is responsible for making sure your money is transferred from your old current account safely, as well as for moving any incoming or outgoing payments you have. They will need to do this before they can close your previous account and once completed, they’ll send you a confirmation that the switch has been completed.
If you do run into any problems when switching from one current account to another, the first port of call should be to your new provider, who should respond to your complaints or queries within eight weeks. If you continue to face problems, it’s best to seek the help of the Financial Ombudsman Service.
Top Tip: Some current account providers will offer a switching bonus, such as £100 for switching to their current account. As tempting as these bonuses are, it’s more important to make sure you are opting for a current account with the best interest rates, overdraft, or additional benefits that are right for you.
What does your bank account say about switching accounts?
To fully understand what your own current account switch will consist of and how long it will take, it’s worth looking at your future current account provider’s website, or speaking to them directly. They’ll be able to provide more information on how they handle switches, which could differ from one provider to another.
Why should you switch to an icount prepaid Mastercard® and current account?
Here at icount, we aim to provide a current account that makes money management stress-free and simple, whilst offering many of the same features of a high street bank account at the same time. By applying for a current account with us, you’ll receive a number of extra benefits, including:
- Our complimentary Creditbuilder™ feature, that could help you to improve your credit score through using your icount prepaid Mastercard®
- A reliable Direct Debit service that includes insufficient fund alerts and a one-off loan for when you’re short on funds
- Purchase protection on purchases made with your icount prepaid Mastercard®
- Additional currency cards with fantastic exchange rates and no ATM fees
- The i-draft facility – our very own version of an overdraft for when you need it
The icount current account is the perfect choice for anyone and everyone, however it comes especially in handy for students, those who are looking to manage their money more efficiently, or anyone hoping to rebuild a damaged credit score.
Anyone can make the most of the standard current account offerings from icount, but many others will also benefit even more from the additional features we offer, as well.
Who can apply for an icount prepaid Mastercard®?
If you’re thinking about switching to an icount current account with prepaid Mastercard®, you must be:
- 18 years old or over
- A UK resident
- Able to provide a valid form of identification
We aim to provide as many people as possible with access to a current account of their own. So whether you’ve been refused a current account elsewhere or are looking for a new account with a wealth of benefits, apply for an icount current account today!
Should you switch or link to the icount current account?
The icount current account and prepaid Mastercard® service can be used as your main current account, or as an additional current account that is linked to from your existing account. Whether you choose to have all your incoming and outgoings paid into it, or a set spending amount sent to it for budgeting purposes, is entirely up you.
If you choose to sign up to an icount current account as your main financial facility, you’ll be able to switch to it from your existing current account in no time at all. It takes just 3 minutes to fill out our application form and you’re guaranteed to be accepted, so you can feel free to move your money into your icount current account and close down your old account, as soon as you’re ready to.
Alternatively, if you would rather use your icount current account to stick to a budget and manage your money more efficiently, you can quickly set up a direct debit or standing order from your main current account. This will make sure that your monthly or weekly budget is sent to your icount account, ready to spend using your prepaid Mastercard®.
Either way, the time it takes to switch or link to an icount current account is minimal, and you can begin making the most of your new account from the moment your application is processed. Your account number and sort code will be provided as soon as you’re accepted, so you can begin switching your money over to your new current account straight away.
If you’re looking to switch your current account to another provider, make sure you take a look at what a current account with icount could bring to you and your finances. Applying and switching to our current account couldn’t be simpler, and you’ll be making the most of your brand new prepaid card in no time at all.