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    • MyOnlyPost
    • By MyOnlyPost 5th Mar 17, 7:53 PM
    • 1,514 Posts
    • 1,023 Thanks
    MyOnlyPost
    It really is simple, before your switch goes through open a new (2nd) Halifax account. Then after the switch you still have a reward account. Add 2x DD and continue as before to get rewards on both Halifax and Co-Op accounts
    It may sometimes seem like I can't spell, I can, I just can't type
    • Westie983
    • By Westie983 5th Mar 17, 8:09 PM
    • 3,842 Posts
    • 13,999 Thanks
    Westie983
    I am planning to switch to Halifax to get the £75 and then switch to Co-oP to get their £110. I can't find anything in the Halifax Ts&Cs that says I have to keep the account for a certain length of time to avoid a clawback of the £75. Have I missed something or am I looking for a black cat in a dark room? Thanks.
    Originally posted by spexs
    There is no time you have to remain with Halifax, the only downfall could be, being accepted for an new account at Coop after recently opening the Halifax account, as all applications are subject to credit scoring and history therein...

    Westie983
    Save 12k in 2017 #16 Total £22,555/£12,000 = 187.95%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £0.00/£800 = 51.25% ( x 11)
    Xmas 2017 £1 a Day #6 Total £400/£365 = 109.58%
    Virtual Sealed Pot #1 Total £1,600/£1,800 = 88.88%
    £2 Savers Club 2017 #3 Total (£1,450)+£50/£2,000 = 75.00%

    Total £26,465/£16,965 = 155.99%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • Westie983
    • By Westie983 5th Mar 17, 8:16 PM
    • 3,842 Posts
    • 13,999 Thanks
    Westie983
    You've lost me on this. So, for the sake of clarity, let's take this step by step:

    1. I have a Halifax Reward account that I've just switched into and now I'm enjoying the £3 per month Reward and I got £75 for switch to Halifax.
    2. I decide to switch from the Halifax Reward account to the Co-op, so that I can get the Co-op's £110 switching bonus.
    3. I duly switch from Halifax Reward to Co-op. The Halifax account closes at the point of switching.
    4. The Halifax account being closed means that I no longer get the £3 monthly Reward, but I retain the £75 switching bonus that I got for joining Halifax.

    Is any of that incorrect?
    Originally posted by Steve_xx
    Thats all correct,

    I think what others are suggesting is, to keep your halifax reward account that you have just opened and got the incentive for, (£75) you can either switch other account to COOP and claim their incentive and reward payments, or if you dont have another account to switch, then open a current account with Halifax or any other bank (but probably easier to open one where you already have some history with accounts but not bad history)

    Then you switch that account instead, that way you still keep the Halifax Reward account and £3 each month you pay £750 and pay out 2 DD, and say in credit and the £75 already claimed. You will then still get £110 and £4 a month from COOP for paying in £800, signing in using app or internet banking staying in credit and paying out 4 DD.

    Hope this helps

    Westie983
    Save 12k in 2017 #16 Total £22,555/£12,000 = 187.95%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £0.00/£800 = 51.25% ( x 11)
    Xmas 2017 £1 a Day #6 Total £400/£365 = 109.58%
    Virtual Sealed Pot #1 Total £1,600/£1,800 = 88.88%
    £2 Savers Club 2017 #3 Total (£1,450)+£50/£2,000 = 75.00%

    Total £26,465/£16,965 = 155.99%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • spexs
    • By spexs 6th Mar 17, 11:05 AM
    • 340 Posts
    • 42 Thanks
    spexs
    Don't apologise it's funny😂
    • schiff
    • By schiff 6th Mar 17, 12:45 PM
    • 17,709 Posts
    • 9,037 Thanks
    schiff
    reiterate vb: To say repeatedly.
    Originally posted by polymaff
    From one grammar Nazi to another I don't agree with your correction. It's odd that there is no verb to iterate, so that when you interate more than once you reiterate.

    My esteemed Collins English Dictionary for Advanced Learners (a terrific buy at £4.99 from a remainders shop) defines reiterate as 'something you say again, usually to emphasise it'.

    So I think Steve was right. He could have used repeat and we wouldn't have had this conversation.
    • polymaff
    • By polymaff 6th Mar 17, 1:03 PM
    • 1,771 Posts
    • 760 Thanks
    polymaff
    From one grammar Nazi to another I don't agree with your correction. It's odd that there is no verb to iterate, so that when you interate more than once you reiterate.

    My esteemed Collins English Dictionary for Advanced Learners (a terrific buy at £4.99 from a remainders shop) defines reiterate as 'something you say again, usually to emphasise it'.

    So I think Steve was right. He could have used repeat and we wouldn't have had this conversation.
    Originally posted by schiff
    Strangely enough, I was quoting the CED.

    You seem to be missing my point though. As far as I can see, SteveXX had neither reiterated nor repeated "you cannot switch from the "Reward" account and retain the £3 reward!" - that was the first time he'd made that blindingly obvious point.

    This has been one of the barmiest threads I've ever read on MSE.
    • schiff
    • By schiff 6th Mar 17, 2:24 PM
    • 17,709 Posts
    • 9,037 Thanks
    schiff
    Strangely enough, I was quoting the CED.

    You seem to be missing my point though. As far as I can see, SteveXX had neither reiterated nor repeated "you cannot switch from the "Reward" account and retain the £3 reward!" - that was the first time he'd made that blindingly obvious point.

    This has been one of the barmiest threads I've ever read on MSE.
    Originally posted by polymaff
    He hadn't but someone else had. He was reiterating what someone else said.

    Hunting the better places for your hard-earned can never be barmy; boring, repetitive yes but never barmy
    • polymaff
    • By polymaff 6th Mar 17, 2:33 PM
    • 1,771 Posts
    • 760 Thanks
    polymaff
    He hadn't but someone else had. He was reiterating what someone else said.

    Hunting the better places for your hard-earned can never be barmy; boring, repetitive yes but never barmy
    Originally posted by schiff
    We'll have to agree to differ on both points. Any resemblance between this last "can I close an account and still get its benefits" sub-thread and meaningful input passes me by
    • badger09
    • By badger09 6th Mar 17, 2:36 PM
    • 5,376 Posts
    • 4,606 Thanks
    badger09

    This has been one of the barmiest threads I've ever read on MSE.
    Originally posted by polymaff
    Clearly, you don't spend as much time on here as I do
    • Baalmaiden
    • By Baalmaiden 29th Mar 17, 9:23 AM
    • 80 Posts
    • 20 Thanks
    Baalmaiden
    current account switching service
    A very basic question about switching current accounts - your direct debits are automatically switched to your new account, but what about payments in? I have my FIT payment for my solar panels paid into my current account, will this be arranged for my new account?
    • schiff
    • By schiff 29th Mar 17, 9:33 AM
    • 17,709 Posts
    • 9,037 Thanks
    schiff
    A very basic question about switching current accounts - your direct debits are automatically switched to your new account, but what about payments in? I have my FIT payment for my solar panels paid into my current account, will this be arranged for my new account?
    Originally posted by Baalmaiden
    It worked for me with an investment dividend received at the new switched account (M&S).
    • polymaff
    • By polymaff 29th Mar 17, 9:41 AM
    • 1,771 Posts
    • 760 Thanks
    polymaff
    A very basic question about switching current accounts - your direct debits are automatically switched to your new account, but what about payments in? I have my FIT payment for my solar panels paid into my current account, will this be arranged for my new account?
    Originally posted by Baalmaiden
    Q: What happens to payments that people send to my old account?

    A: The Current Account Switch Service will redirect payments to your new account. Each time an electronic payment is redirected an automatic message is sent back to the originator advising them of the new account details so they can update their records. Some organisations may contact you directly to confirm your details have changed.

    https://www.currentaccountswitch.co.uk/helpandsupport/Pages/help.aspx
    • positiveR
    • By positiveR 18th May 17, 12:21 AM
    • 57 Posts
    • 17 Thanks
    positiveR
    Just opened the TSB via the newsletter link; online accepted and set-up in minutes. Switch (from co-op, only been there a month!) is due next Friday. How long before the bonus is paid?
    • MSE Rosie
    • By MSE Rosie 19th May 17, 2:22 PM
    • 63 Posts
    • 29 Thanks
    MSE Rosie
    Hi positiveR, the bonus is paid within 28 working days of the switch completing as long as you meet all the terms. For more see Best Bank Accounts. Thanks, MSE Rosie.
    • adindas
    • By adindas 2nd Jun 17, 2:55 PM
    • 3,311 Posts
    • 1,640 Thanks
    adindas
    Lloyds Vantage acoount AC ?
    I understand that the Vantage of Lloyds AC has been removed.

    I wonder, is there still any requirement to fund it each month to get interest ??

    Thanks
    • eskbanker
    • By eskbanker 2nd Jun 17, 3:05 PM
    • 5,786 Posts
    • 5,670 Thanks
    eskbanker
    No interest has been paid on (what used to be) Lloyds Vantage accounts for over a year!

    http://www.lloydsbank.com/current-accounts/vantage.asp
    Vantage
    Vantage is no longer available with new current accounts or as an upgrade option for existing customers. In February 2016 we wrote to existing Vantage customers to advise that we were removing Vantage from our product range. From 3rd May 2016 no credit interest is paid on Vantage accounts and Vantage terms and conditions no longer apply. Vantage was removed from account names shortly after this.
    • polymaff
    • By polymaff 2nd Jun 17, 5:17 PM
    • 1,771 Posts
    • 760 Thanks
    polymaff
    I wonder, is there still any requirement to fund it each month to get interest ??
    Originally posted by adindas
    What interest? Lloyds Classic with Vantage accounts are just plain current accounts now. Their only current or future benefit is as a seeding account for a switch.

    At least, that is what we have used them for.
    • lampard
    • By lampard 13th Jun 17, 9:00 AM
    • 167 Posts
    • 8 Thanks
    lampard
    Could someone clarify if the HSBC Advance will work if you already have a First Direct account?

    I won't be switching from First Direct, I have another account I will be using to switch to HSBC I just don't want to begin the process if they will not payout as First Direct is something to do with HSBC.
    • topgun06
    • By topgun06 13th Jun 17, 9:17 AM
    • 2 Posts
    • 3 Thanks
    topgun06
    Could someone clarify if the HSBC Advance will work if you already have a First Direct account?

    I won't be switching from First Direct, I have another account I will be using to switch to HSBC I just don't want to begin the process if they will not payout as First Direct is something to do with HSBC.
    Originally posted by lampard

    From the T&Cs:

    You may hold a first direct and/or M&S Bank current account and still qualify.
    • lampard
    • By lampard 13th Jun 17, 9:25 AM
    • 167 Posts
    • 8 Thanks
    lampard
    From the T&Cs:
    Originally posted by topgun06
    Excellent thanks so much
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