CYBG and GoCompare have partnered to offer an energy compare and switch service for CYBG’s “B” mobile banking app.
The new service, B Smart, enables CYBG mobile banking app users to find better value energy deals by searching the market for alternative suppliers.
The service is said to be simple to use with pre-populated switching forms using information already held within the app.
CYBG said three-quarters of its B customers with energy Direct Debits are currently with one of the “big six” energy suppliers.
It claims these are often not the cheapest option, offering a significant opportunity for customers to save money by switching.
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Pete Dockar, of CYBG, said: “Our customers know we are not a typical bank – we want to help our customers make the most of their money so they can spend it on the things that matter most to them.
“B Smart is further proof of our relentless ambition to put our customers first in all we do and not be constrained by traditional banking products and services.”
Hannah Iles, director of platform services at GoCo Group, said: “We’re all about saving people everywhere time and money, and this includes reaching people with our services at times and in places that are convenient to them.
"By partnering with CYBG we can bring our energy comparison and switching capabilities right into their banking app, so that finding and switching to great energy deals is easier than ever.
“CYBG have been the perfect partner for this as they share our belief that tech and product development can and should be used to make money management as simple as possible, helping people to take control of their finances with minimal hassle.”
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Sam Bedford, head of CYBG’s Accelerator, said: “Having been early adopters of Open Banking, our new partnership with GoCompare has launched the first energy comparison and switching service for bank customers in the UK.
"With just a few clicks, customers have the potential to save hundreds of pounds on average.”
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