Thousands urged to move money now before current accounts close

manchestereveningnews.co.uk:

People are being urged to move their money before their current accounts close. Intelligent Finance is to close all its current accounts later this year in a move expected to impact thousands of people.

Affected customers will be given two months’ notice before their current account is shut down, according to Intelligent Finance's parent company Lloyds Banking Group.

The first lot of current accounts are set to be closed on August 1, the Mirror reports. Anyone with a savings account or mortgage with Intelligence Finance will not be affected by the changes. READ MORE: Join the FREE Manchester Evening News WhatsApp community If you have a non-ISA savings account with Intelligent Finance and your current account is closing, any money you have will be automatically moved over.

If you only have a current account, or an ISA account, you’ll be sent your funds in the form of a cheque in the post - or you can ask for it to be transferred to another bank account.