And a last warning: If you have an old account, double check whether your provider levies annual fees that can eat into your savings potential or switch to a no-fee account at one of the providers mentioned above.
Which? and uSwitch receive a fee from some providers when customers switch, although Which says any commission is ploughed back into its charitable arm.
Still, two-thirds of respondents in a survey conducted by the market research firm Mintel Group Ltd. said they would stop using their debit card or switch to another issuer if their bank charged a fee.
Time Magazine polled Bank of America customers on how they will respond to the new fee and a whopping 75% of nearly 1, 000 respondents said they plan to switch banks.