Opening several new current accounts.

There are one or two banks offering inducements to open new current accounts.
A&L, LloydsTsb., Citibank, First Direct & Smile.

OK attempt three!!! I seem to keep losing my message when trying to insert addresses!!!! In the main you should use direct home pages available from your search engine.

1/However to find which institutions are offering incentives use MSE site 'Best current a/c.' OR try 'Rpoints' & 'linemy pockets' or whatever BUT DO BE CAREFUL TO NOT CONTACT THRO' THEM BECAUSE THEY PINCH MOST OF THE INTRO INCENTIVE!!!!!
Moneysupermarket .com is another good source of info.

2/ Alliance & Leicester is the first stop.
Brilliant A/c offering £50 to an introducer AND the new acc holder.This really is my main current acc now.

If you need an initial intro please PM me & we can cut a deal so to speak !!!!
Then you are on your own introducing family & friends.

3/LloydsTSB. They will pay £50 to a new account OR suprisingly £40 to an intoducer & £40 to the new acc. This is again one where if you need an intro., as Martin explains elsewhere, we get together so you get a much better deal & then on your merryway to make your small fortune BY INTODUCING !!!!!
4/ Citibank.NOT NOT their DIRECT current a/c BUT Sterling current a/c Pays you £75 as I understand it if you declare earnings of £20k to £30k then various commitments to pay in a regular sum apply before bonus is paid, but on application they only ask for commitment to £1500 permonth or an initial £2k before bonus paid.(Same £2k moving onlne)

5/ First Direct:- Same scenario with £50 bonus with again a regular commitment etc. etc. They encourage introductions by offering Amazon vouchers ( £35 each I think) I can't help here as I have just applied myself!!!!
(Editing after bottle or so " What do I mean by that!!!!!) I have just applied for a new account myself is what I meant.

6/ (Gawd whens 'E gonna shutup & goto bed!!!!!)
Smile offer 12 bottles of wine on neww acc opening BUT not till Jan 06 & with a charge of £4.95 for delivery (cheeky beggars)

O.K. I'm sorryto have gone on but if this lot helps good.

TonyB

Zebra wrote:

Tony, Have you had to close an account when opening a new one?

Both LloydsTSB and First Direct talk about transferring accounts to them, not just opening them.

I would be interested in opening new accounts, but not if it meant closing my existing account.

Zebra,
They all talk about transfers etc but you don't have to do it. You don't have to close any accounts either. My main a/c is as always with Barclays who I've been with for some 40+ years and I have first name terms with local branch staff who will do things for me over the phone, so no way will it be closed.
If anyone ever asks the question then a slight porky 'one step at a time please , don't rush me!!!!' seems to work.

I now have my Barclays a/c, a Loyds & A&L currently in force With Citibank & First direct racing against each other to be first to complete!

All I do is fund each account with the required minimum each month using the same money, moving it from account to account to account on the net.

So, keep your old account as I have, fund A&L to £2500 @ 5% interest with other benefits like trav ins etc PLUS very important, you can introduce friends & family for £50 each etc etc ( I'm introducing 4 new people a week which equates to £200, Better than working!!!)

I'm not sure to be honest that if you try for 4 new accounts at the same time it might back fire, but what have you to lose especially if you possibly won't need to apply for any other credit in the near future.

Hope this helps.
(You can probably guess that I am a retired Independant Financial Adviser!!!)

Regards Tony