The level of switching bank providers is still low, the executive director of consumer group Which? has said. Richard Lloyd said:
Despite an increase in public awareness and confidence, switching levels are still low, suggesting that the new seven-day service is not the game-changer that can significantly increase competition in banking.
We're pleased the Government has responded to our calls to make banks release better data about current account running costs. If done properly this should help people more easily compare banks and find the best account for them, which will inject much needed competition into the market.
More top news
Angela Merkel looks set to extend her 12 year stay as the German Chancellor, an election poll from the country's general election suggests.
Police have foiled seven terror attacks since the Westminster atrocity in March, London Mayor Sadiq Khan has revealed.
Cumbria Police have been forced to rescue a group of hikers from a mountain who were unable to walk after consuming cannabis.