Best Current Accounts Discussion Area

Xstyle

If you keep switching current accounts, doesn't it affect your credit rating?

When filling out any financial form, they ask if you have been with your bank for 3 years... so if you change all the time, surely that can't be good for your score?

...or do you keep one account stable (even if a very basic interest rate and thus you don't use it much or at all) and keep changing your main account? (is there any point in this?)

Xstyle

ALLIANCE & LEICESTER

Is it possible to get £50 cashback via Quidco, AND cash via a friend referal??

Also, Quidco links to A&L Premier Account, but the account I want is the Premier Direct Account (the 6.1% one) ... will the cashback still apply to this one??

AdamB

Not sure if this has been picked up on yet, but if you get the A&L Premier current account (1.50% interest), get a Premier Regular Saver account and that will give you 12% interest. Down side is you can't make any withdrawals from it. But 12% interest!!!!

Adamstillwell

Hi guys,


I just wondered how much people knew about this account? and how much interest would i get if roughly i paid 1,000 a month? is the interest paid monthly?yearly?

Thanks
Adam

AdamB

Details herehttp://www.moneysupermarket.com/savings/SavingsDetails.asp?SavingsID=23413&Amount=50&Results=8&Lender= or here for a 12.5% from Barclays http://www.moneysupermarket.com/savings/SavingsDetails.asp?SavingsID=23600&Amount=50&Results=8&Lender=

CopperPlate_2

Xstyle wrote:

ALLIANCE & LEICESTER

Is it possible to get £50 cashback via Quidco, AND cash via a friend referal??

Also, Quidco links to A&L Premier Account, but the account I want is the Premier Direct Account (the 6.1% one) ... will the cashback still apply to this one??

I got both so it must work. Unless they've rumbled it and now check where you've been 'referred' from to the A&L site.

masonic

CopperPlate wrote:

I got both so it must work. Unless they've rumbled it and now check where you've been 'referred' from to the A&L site.

They changed their T&Cs on the more recent vouchers. It would seem as soon as the quidco payment is paid out, they deduct the original referral money from both accounts.

robertoegg

I am currently with A&L and agree the Customer Service is not what I'd want. They also add any transactions/charges at the end of a day (just before midnight) so even if you are budgetting and watching stuff you might get caught out if you run a day late for something. You will get two different balances if you phone up and I have had it confirmed to me that they run two systems. I find this unacceptable and will be going back to First Direct who run a fantastic webiste and customer service.

Having said that, I am about to start a new thread asking about any referral schemes ( a la quidco) for opening a Nationwide account!

cheers
Rob

audioblackout

hey. just to let you know myself and my girlfriend both switched to a+l and made £50 each! £25 each for the recommend a friend and then £25 just because we booked ourselves in for a financial review!

god i love this site. reclaimed bank charges here we come!

:beer:

Jazzyjeff_2

Xstyle wrote:

If you keep switching current accounts, doesn't it affect your credit rating?

When filling out any financial form, they ask if you have been with your bank for 3 years... so if you change all the time, surely that can't be good for your score?

...or do you keep one account stable (even if a very basic interest rate and thus you don't use it much or at all) and keep changing your main account? (is there any point in this?)

This is what I do as like you say you do get asked how long you've been with your bank etc. I also keep a stable one because otherwise I'd have to keep changing all my bank a/c details with Quidco, ebay, and various other sources such as mystery shopping companies...something would bound to go wrong somewhere.