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Abbey to launch rival to Woolwich Open-Plan


Abbey National is launching Flexible Finance, a banking service which allows customers to switch money between their accounts on-line.


The Abbey&#39s current account will continue to be used for normal bank account services, such as settling bills, paying standing orders and checking balances.


But from April, Flexible Finance will allow customers to access any or all of their accounts to transfer money.


Abbey retail e-commerce director Ambrose McGinn says : “Flexible Finance differs from products such as the VirginOne account or Woolwich&#39s Open Plan in that customers continue to have a variety of accounts.”


Flexible Finance will be launched on Abbey&#39s website and is entirely separate from its standalone internet bank.

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