Banks are under pressure from the Office of Fair Trading (OFT) to clarify current account charges and make it easier to switch accounts.
The OFT investigation into the current account market will also address concerns about the lack of effective competition to the "big four" UK banks.
But Thursday's announcement that the Co-operative Bank will be able to buy the 632 branches being sold by Lloyds Banking Group will bring a serious new competitor to the Scottish market.
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