I have slimmed down the number of accounts I have but it led me to realise how hard it is to close accounts. For Monzo, all you need to do is press the option in the app, however, it doesn’t seem to be this easy for the other banks I have used.
Virgin Money requires you to phone, which can take a stupid amount of time, or go into a branch, which can be difficult for some people.
NatWest does have a form on their website, however, I can’t fill it out because it wants me to put in details of another NatWest account to transfer my closing balance to, despite having no money left into the account.
Why is it that the current account switch service appears to be the easiest way to close many bank accounts?
Also, in connection to this, is it possible to use the CASS to switch two different bank accounts to Monzo (switch my Virgin Money account to my Monzo account, and then switch my NatWest account to the same Monzo Account)?