Co-Op bank - £200 if you switch to them

gerardflanagan

Ok, I guess I'll have to ring them and ask them to repost it but I'm worried about the 14 days .

Jennifer_Jane

Dr_Cuckoo3 wrote: »

my direct debits have been switched , but not the standing orders or bill payments

I phoned CO-OP Bank and got through to the "is it on the trolley ?" woman from Victoria Wood

Did any other long standing COOP Bank customers take up the offer ?

I wonder how many of the Bank's new customers were influenced by their "ethical policy" ? :rotfl:

Yes, I have. Just waiting for two DDs from Santander to be switched. All seems to be in hand - have had a text and a letter from Co-op. My DDs go out mid-month.

Fingerbobs

Thinking about using my Nationwide Flexaccount (which I don't normally use but have had for several years) as the source account for the switch for this, but I need to set up two "Standing Orders" so these can be switched.

The Nationwide on-line banking system doesn't mention "Standing Orders" - they seem to call them "Regular arrangements"

Can anyone confirm that what Nationwide terms a "Regular Arrangement" is exactly the same as a "Standing Order"?

Thanks.

noh

Fingerbobs wrote: »

Thinking about using my Nationwide Flexaccount (which I don't normally use but have had for several years) as the source account for the switch for this, but I need to set up two "Standing Orders" so these can be switched.

The Nationwide on-line banking system doesn't mention "Standing Orders" - they seem to call them "Regular arrangements"

Can anyone confirm that what Nationwide terms a "Regular Arrangement" is exactly the same as a "Standing Order"?

Thanks.

Yes they are standing orders.
I have switched before using my Nationwide account and the regular arrangements were transferred to the new account as standing orders.

pqrdef

Misposted, forget it

claire07

Is anyone else paying in the £800 in October? I've switched 2 standing orders and a surplus Vantage account and was intending to pay in the £800 from savings each month. I was going to leave it till next month but would hate to breach any of the conditions.

jakesuk

YorkshireBoy wrote: »

The Co-operative Bank?

Seriously, why not ring them? If you get the answer you want to hear, take a name and dept/ext. number, and sit back and relax for 4 months.

Fair point!

Gromitt

claire07 wrote: »

Is anyone else paying in the £800 in October? I've switched 2 standing orders and a surplus Vantage account and was intending to pay in the £800 from savings each month. I was going to leave it till next month but would hate to breach any of the conditions.

I've set up an SO to pay £800/month into the account on the 28th, so yes, I'll be paying into the account this month. On the first, the full amount will be moved into my Nationwide savings account, leaving £1 in the co-op account that was my test payment last week.

Gromitt

gerardflanagan wrote: »

Ok, I guess I'll have to ring them and ask them to repost it but I'm worried about the 14 days .

If you ring them up and give them all the details you signed up with, they should be able to identify your account. They may or may not give you your account number, but you should be able to at least setup your switch.

tagq2

Dr_Cuckoo3 wrote: »

I wonder how many of the Bank's new customers were influenced by their "ethical policy" ?

As high street banks go, while they're nowhere near as "ethical" as some people seem to define (some of their funds were invested in tobacco last time I checked), they're not a contradictory choice if you don't want your money invested directly in arms. Of course, if you're saving with the Co-op then you're probably already doing it wrong . But ethical choices in practice are always about taking the least-bad option, so it's easy to be cynical and point out the flaws in any practical outcome.

Their ownership policy, on the other hand, may be ethically appealing. It's certainly been responsible and successful in the long term, and while HSBC have shown that you don't have to go all worker-control-of-the-means-of-production[tm] to not collapse in complete disarray, this is one of the better years to study what sorts of structure and priorities gives an institution a long, steady life.