Thousands of people need to move their money now before their current accounts close

Intelligent Finance is to close all its current accounts this year in a move expected to impact thousands of people.

Parent company Lloyds Banking Group has confirmed all affected customers will be given two months’ notice before their current account is shut down.

Customers are already being notified about the huge change and the first lot of current accounts will be closed on August 1.

If you have a savings account or mortgage with Intelligence Finance, you won’t be affected by these changes.

If you have a non-ISA savings account with Intelligent Finance and your current account is closing, any money you have will be automatically moved over.