One Provider For Ease Of Use
According to a survey that the Abbey National has just completed around a fifth of people in the United Kingdom use one financial organisation for the accounts.
Close to another fifth of people are thinking that it could be a good idea too, highlighting the current situation where consumers are looking to simplify their lives. The Abbey National understands some of what the public are saying, recognising that in society today, with computers, chip and PIN and so on there is lots going on.
The average person uses three different companies for their banking needs and this can lead to difficulties as each one will normally have a different password and PIN number. Although moving to one provider can make some things simpler the Abbey National are advising people not to use the same passwords and PIN numbers for all their accounts to avoid a potential loss of security.