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which bank accounts do you Not have to do switch

pennymakespounds
pennymakespounds Posts: 1,482 Forumite
1,000 Posts Combo Breaker
in Budgeting & bank accounts
Can't find on the pages regarding all the cashbacks on opening and switching accounts ........ but have heard Martin mention before ....

which are the bank accounts suggested which you can just open ... set up a couple of low price DD's .. and then use to do a £ valuable switch to a bank that pays incentives to "switch & close".

I currently only have one bank account . which i do not want to close .
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Comments

  • 18cc
    18cc Posts: 2,120 Forumite
    Any bank that are part of CASS but TSB is eady to.open online
  • datlex
    datlex Posts: 2,252 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If you want an account that gives rewards you could try Barclays blue rewards. Cost £3 a month benefit minimum £7 a month.
    Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.
  • colsten
    colsten Posts: 17,597 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    datlex wrote: »
    If you want an account that gives rewards you could try Barclays blue rewards. Cost £3 a month benefit minimum £7 a month.
    Barclays doesn't have a switch offer though, do they?
  • Kim_13
    Kim_13 Posts: 3,583 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    You may find the MSE guide to the best bank accounts of interest: https://www.moneysavingexpert.com/banking/compare-best-bank-accounts

    There is no limit to the number of current accounts you can hold (other than the limits specified by a provider, e.g. You can only have one sole and one joint Halifax Reward) so you can keep as many as you like open to earn interest or rewards and then open another for switching purposes.
  • No_6
    No_6 Posts: 835 Forumite
    Part of the Furniture Combo Breaker
    Still wonder how posts of 1k over 10 Years !
    get questions like THIS


    Are their BOT's,,,,,, on this site
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
    If you want to open an account to then switch away (but avoid any banks who are likely to have switching offers), then Barclays and Santander are reasonable bets. Neither of them have ever offered a switching bonus before. There is no guarantee that they never will, of course. Both are simple and quick to open online.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ValiantSon wrote: »
    If you want to open an account to then switch away (but avoid any banks who are likely to have switching offers), then Barclays and Santander are reasonable bets. Neither of them have ever offered a switching bonus before. There is no guarantee that they never will, of course. Both are simple and quick to open online.
    Santander have had switching incentives, although not directly but through affiliates such as TCB, Quidco, iMutual etc.

    Barclays have offered a £100 incentive, but several years prior to the CASS launch.
  • eskbanker
    eskbanker Posts: 37,845 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No_6 wrote: »
    Still wonder how posts of 1k over 10 Years !
    get questions like THIS


    Are their BOT's,,,,,, on this site
    I also wonder how other 10+ year posters are still apparently completely incapable of posting anything helpful or accurate, and merely spew semi-literate drivel that adds nothing to the threads they feel the need to pollute....
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Ninth Anniversary 1,000 Posts Name Dropper
    eskbanker wrote: »
    I also wonder how other 10+ year posters are still apparently completely incapable of posting anything helpful or accurate, and merely spew semi-literate drivel that adds nothing to the threads they feel the need to pollute....

    Don't be so hard on yourself.
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
    YorkshireBoy wrote: »
    Santander have had switching incentives, although not directly but through affiliates such as TCB, Quidco, iMutual etc.

    Barclays have offered a £100 incentive, but several years prior to the CASS launch.

    I was unaware of the cashback site incentives for Santander. Would they be treated in the same way as a switching bonus is (i.e. blocking you from gaining a future bonus)?

    I don't count incentives pre-CASS.

    As I said, nothing is guaranteed, but it is unlikely that either of these banks will offer a switching incentive.
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