Co Op Switch offer (seen 15th January 2024)
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Ponchos
Posts: 644 Forumite
I saw that the Co Op Bank switching/referral offer had disappeared from the main MSE article a few weeks go but I've just been on their site and it seems like it's back, £100 for switching plus £50 for using the attached saving account. Just had a brief look so far (I currently have another switch in motion) but here's what I saw...
More details on the website, I didn't include them all in case this had already been posted (Apologies if this has already been mentioned elsewhere!). And I imagine this will appear on the main MSE thread before too long.
More details on the website, I didn't include them all in case this had already been posted (Apologies if this has already been mentioned elsewhere!). And I imagine this will appear on the main MSE thread before too long.
21
Comments
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No refer a friend.0
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Excluded if you "have had, or be waiting to receive, any switch incentive from us since 1 November 2022".
T&C 1.5 "Has not previously benefitted as a new customer from this, or any previous Co-operative Bank current account switch offers since 01/11/2022. This includes if a Refer a Friend referral form has been submitted and is due to be paid after this offer was made available."
To my mind this seems to exclude people who had a referral bonus paid for opening and switching into a new account (i.e. they were being referred) but doesn't necessarily exclude those who got the £125 referral bonus paid to an existing accounts (because they referred other people), because they weren't new customers at the time and technically got a referral rather than switching incentive (although we know how Co-op like to interpret their own T&Cs!!). Does that read the same way to other people?
Also note the generous 2 Direct Debit or standing order requirement.
Annoyingly I got paid £125 for switching/being referred on 9th December 2022, so think I am excluded from this one!1 -
Can confirm this has just appeared on the main MSE thread! :P0
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Hurrah, easy jump from Barclays then
DD already setup and a savings account is easy peasy1 -
dcs34 said:Excluded if you "have had, or be waiting to receive, any switch incentive from us since 1 November 2022".
T&C 1.5 "Has not previously benefitted as a new customer from this, or any previous Co-operative Bank current account switch offers since 01/11/2022. This includes if a Refer a Friend referral form has been submitted and is due to be paid after this offer was made available."
To my mind this seems to exclude people who had a referral bonus paid for opening and switching into a new account (i.e. they were being referred) but doesn't necessarily exclude those who got the £125 referral bonus paid to an existing accounts (because they referred other people), because they weren't new customers at the time and technically got a referral rather than switching incentive (although we know how Co-op like to interpret their own T&Cs!!). Does that read the same way to other people?2 -
I'm not too bothered about the £50 bonus, but for the £100 incentive, what is the quickest and easiest way of doing the 5 transactions?0
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I got my referral on 07/11/22 so just over annoyingly0
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worriednoob said:I'm not too bothered about the £50 bonus, but for the £100 incentive, what is the quickest and easiest way of doing the 5 transactions?2
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Never had a Co-Op account, so I have just applied.0
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just applied - can't wait to be rid of Barclays and I've already done TSB... earliest it can switch is 9th Feb which is a long way off though!0
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