The ICB wants a free current account redirection service to be formed by September 2013, with an improved system to catchall credits and debits going to a customer's old, closed account, including automated payments on debit cards and direct debits.
The Vickers report wants a free current account redirection service to be formed by September 2013, with an improved system to catchall credits and debits going to a customer's old, closed account, including automated payments on debit cards and direct debits.