Here are 10 facts and figures to mark the 10th birthday of the Current Account Switch Service (Cass):

1. The service has counted a total of

9,646,999


current account switches since launch

on September 16 2013, up until September 5 this year.

2. The

first quarter of the year

tends to be the most popular time to switch.

3.

Tuesday

is the most popular day for switching.

4.

March

tends to be the most popular month for current account customers to switch to a new provider.

5. The biggest day for switching current accounts under the service so far was on

November 8 2022

, when

13,566 switches

were counted.

6. The biggest month for switching was in

November 2022

, when there were

157,376 switches

.

7. After the service launched on September 16 2013,

293,502 switches

were recorded in the remainder of that year, under Cass.

8.

More than a million current account switches

were counted by Cass in the years

2014, 2015, 2016

and

2019

.

9.

Digital banking

is a strong pull for current account switchers, with this being the

top reason for switching in 2023

, research by Cass indicates. Interest earned and customer service also tend to be popular reasons for people moving accounts.

10. With interest rates on the increase, pushing up returns on deposits, 2023 appears to be a bumper year for switches. Some

928,358 switches were recorded from the start of 2023 to September 5

this year. This compares with

986,956 switches across the whole of 2022

.