Indeed, satisfaction with their provider was the main reason given by SMEs for not considering switching bank accounts. Three - quarters of SMEs have never compared the cost of their business banking with other providers , according to a report from the Competition and Markets Authority ( CMA ) . The report also found that over a third of those compared with their bank had not considered finding an alternative . The CMA has called for the creation of a new comparison site for business loans to make it easier for SMEs to compare charges , which could create an opportunity for companies such as Amazon and MoneySupermaket who already lead the field in development of comparison sites for consumer financial services .
Three - quarters of SMEs have never compared the cost of their business banking with other providers , according to a report from the Competition and Markets Authority ( CMA ) . The report also found that over a third of those compared with their bank had not considered finding an alternative . The CMA has called for the creation of a new comparison site for business loans to make it easier for SMEs to compare charges , which could create an opportunity for companies such as Amazon and MoneySupermaket who already lead the field in development of comparison sites for consumer financial services .