Well, they have had that in the UK for sometime now. The system there was already far more efficient than the US one when this was introduced - which is not sur

Well, they have had that in the UK for sometime now. The system there was already far more efficient than the US one when this was introduced - which is not surprising, it´s mainly a technology issue. The only thing it really changed was that deposit accounts received a slightly higher interest rate up to a certain limit, provided that you pay your salary into them. So based on that, Account portability is not whatever it is that is stopping the US banks providing a service to the entire population.