Tesco bank account - switch bonus?

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tara747
tara747 Posts: 10,238 Forumite
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in Budgeting & bank accounts
I'm thinking of opening a Tesco current a/c to earn 3% on £3,000. Have they ever offered a switch bonus? I do like to earn a switch bonus so I'm trying to decide if it's worth waiting for the next one :rotfl:
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  • badger09
    badger09 Posts: 11,206 Forumite
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    I don't think they've ever offered one, so don't hold your breath;).
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    They have never offered a switch bonus. They pay 3% on £3000 and had a rush of applicants for their current account earlier in 2017, so much so that they had to close it to new applicants for a while and then introduced stricter terms for new accounts (minimum monthly deposit plus 2 DDs per month). Unlikely that they will ever offer a switching bonus while their current account offering remains so far ahead of the field.
  • msallen
    msallen Posts: 1,494 Forumite
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    They did offer a few thousand Tesco Clubcard points once briefly but as stated above I wouldn't hold your breath for that coming back.
  • TheShape
    TheShape Posts: 1,779 Forumite
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    I received 2500 points* about a year ago for switching an account to Tesco. This was offered after the Tesco account had been open for a few weeks.

    *Fairly sure that was the amount.
  • radoslaff
    radoslaff Posts: 168 Forumite
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    Actually the requirement is for 3 DDs per month.
    The journey of a thousand miles begins with one step.
  • soulsaver
    soulsaver Posts: 5,969 Forumite
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    radoslaff wrote: »
    Actually the requirement is for 3 DDs per month.
    Correct... and not from a Tesco savings account...
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  • badger09
    badger09 Posts: 11,206 Forumite
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    msallen wrote: »
    They did offer a few thousand Tesco Clubcard points once briefly but as stated above I wouldn't hold your breath for that coming back.

    Indeed they did, but sadly, not to everyone:(
  • Katiehound
    Katiehound Posts: 7,556 Forumite
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    I think I had a whole 1k of Tesco points for completing a questionnaire (from Tesco bank) sometime- maybe last year.
    Have never seen a switch deal.....
    Being polite and pleasant doesn't cost anything! --
    Many thanks
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  • Kim_13
    Kim_13 Posts: 2,432 Forumite
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    As another poster said, Tesco's only switching incentive has been some Clubcard points. It was an individual offer, not one that was open to everyone.

    I was offered one towards the back end of 2015 after opening an Internet Saver. At 1.2% for a year it may be worth opening one and seeing if anything comes your way.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    soulsaver wrote: »
    Correct... and not from a Tesco savings account...

    Surely that would be a Standing Order, not a DD?
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