Co-operative Bank £100 incentive!

tara747

Just opened a current a/c with the Co-op bank for the £100 incentive, all v. easy! All you have to do is lodge at least £800 pm and you get the £100, no questions asked! She did mention that I would need to use it as my main a/c (I can make it look that way anyway) and have a 'normal' level of about 20 transactions a month... seems straightforward enough.

Anyone else take up this offer? It looks like easy money to me.

:T

Milarky

Refer to thread on Savings and Investing board:

http://forums.moneysavingexpert.com/showthread.html?t=1039073

She did mention that I would need to use it as my main a/c (I can make it look that way anyway) and have a 'normal' level of about 20 transactions a month... seems straightforward enough

That is 'over and above' what the offer stipulates: It says 'switch' but it only requires £800+ per month funding for 3 months for an 'in-branch' opened account

See 'Leaflet (back)' link here

Open a Current Account Plus in branch before 21st September 2008 and deposit a minimum of £800 per month and your Savings Plus Account will be credited with £100 on or before 22 December 2008.

That's all it asks for.. really

LongTermLurker

and have a 'normal' level of about 20 transactions a month

I doubt I have 20 transactions every month in my active current account, and it IS active.

As Milarky says, it's been on the savings board (probably the wrong place, but...) for quite a few weeks now - come over and join in the fun.

tara747

OK, will do! Why on the savings board though?



Anyway, it seems like one of the more straightforward offers around. I called up their CS number earlier and they said that I onoy have tio deposit £800 a month, there are no other conditions and there's no minimum number of transactions!

Here's to another easy £100.

:T

webmasterpolo

Hi everyone,

I posted this summary on the savings thread on this one, but I've copied here for you too.

I know people who work in the Coop Bank and I have signed up for one of these accounts and have the welcome pack here, so I can clear up a few questions I've seen while flicking through this thread.

a) You can do the whole application over the phone with your local branch, NOT THE CENTRAL CALL CENTRE. My local branch phone number is 0191 3873128, they are extremely friendly and helpful. I did my application over the phone, ask for the CURRENT ACCOUNT PLUS WITH THE £100 BONUS.

b) Credit searches can be quite strict with the Coop as they have a strong ethical tone they are very selective at who they will offer OD to and this account has one as standard. You may be accepted for other accounts but they will not give £100.

c) You don't have to transfer your banking to them, although that's what they would of course like you to do. You only need to transfer the money in each month or do a SO.

d) Yes for some processing they do add 00 to your account numbers, don't worry it's normal.

e) There is no reference needed. All branches should now have received and be displaying posters to advertise the £100 cash incentive. Ask for the CURRENT ACCOUNT PLUS WITH THE £100 BONUS.

f) The current account doesn't pay interest, but the linked savings account does, at 0.5% below BOEBR (guaranteed for life which is a first in UK banking I'm told). You do however earn membership points for being in credit see point h) below.

g) You must be a NEW current account customer to qualify, if you have an ISA or savings then you CAN still get the £100, if you have any of their current accounts you can't get the £100, but you can get the account itself. If you already have current accounts with them, tell your friends who don't and go halves on the £100 .

h) If you don't already have a co-operative membership card, sign up for one too as you get a profit share from the points you build up on the card. They just paid out £38m to their customers for this half years profit share. You get points for having money in the account, so this is instead of interest.

i) The £800 can be withdrawn from the account as soon as it's cleared. It doesn't have to remain there for any length of time to qualify.

j) My sort code is 089300, I have no idea about these faster payments, but as it only takes 2 or 3 months to get the £100 I don't mind.

-Web

bilbo_2

is this offer still on ??

DeepSporran

bilbo wrote: »

is this offer still on ??

No. Account had to be opened by September 21st.