Vantage - 3 accounts. What excuse did you use?

Jonboy1889

I've set up one vantage account, and am waiting for my pin/chequebook. Plus am going to put in £7k this weekend.

I tried to set up accounts 2+3 today, but they said my account must be set up properly first, and used.

They also asked me why I needed 2-3 accounts- what excuses do you guys use you 3x vantage people?

LemonTree_3

Jonboy1889 wrote: »

They also asked me why I needed 2-3 accounts- what excuses do you guys use you 3x vantage people?

I didn't use any excuse. I just told the truth right away. That means I wanted the extra accounts just for the sake of the 4% interest. That was totally fine with them and I was also given extra advice to fund my accounts from outside (so internal transfer wouldn't count)!

Dagobert

LemonTree wrote: »

... internal transfer wouldn't count!

That is actually incorrect, see post #20 + #21 on LLoyds TSB Vantage loophole.

I can confirm this from experience. However, I do not think it's wise to do so and will fund my accounts externally from now on.

donglemouse

i know someone who did it within the last week and told them it was to help them manage different household budgets - so if you feel you need an excuse try that

D1zzy

LemonTree wrote: »

I didn't use any excuse. I just told the truth right away. That means I wanted the extra accounts just for the sake of the 4% interest. That was totally fine with them and I was also given extra advice to fund my accounts from outside (so internal transfer wouldn't count)!

Me too - and have always funded thm internally, cycling £1000 between them all, and have always receive round about £18 - £20 net interest per month on £7000 per account. Have never added any new money since they were set up.

Jonboy1889

Cheers. I'll just go for the honesty approach. Just need to wait for my Egg 6.3% to expire this weekend then I'll get cracking once the Lloyds has the first £7k!

MarkFromCornwall

Jonboy1889 wrote: »

I've set up one vantage account, and am waiting for my pin/chequebook. Plus am going to put in £7k this weekend.

...

what excuses do you guys use you 3x vantage people?

If you open a Classic account online, then upgrade online to Vantage, you don't get asked to give a reason, so there is no awkwardness.

Jonboy1889

MarkFromMullion wrote: »

If you open a Classic account online, then upgrade online to Vantage, you don't get asked to give a reason, so there is no awkwardness.

They won't let me open any current accounts online for some reason...