We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

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

14849515354137

Comments

  • Gromitt
    Gromitt Posts: 5,063 Forumite
    I see my standing orders have been placed onto the co-op, but they are still present on my switching bank. I assume they have not been told to 'delete' them yet.

    The problem is that one of the SOs is due for payment tomorrow. I wonder who is going to be paying it, my switched bank or co-op, or both(!)
  • Gromitt wrote: »
    I see my standing orders have been placed onto the co-op, but they are still present on my switching bank. I assume they have not been told to 'delete' them yet.

    The problem is that one of the SOs is due for payment tomorrow. I wonder who is going to be paying it, my switched bank or co-op, or both(!)

    Given it's an SO, can't you delete it yourself from one of the accounts, or change the date forward, till you see who pays it and then delete it?
    Other than that, it's an interesting point about duplicates. If you can't do either then I'd get onto tele banking, or cover the cash in both accounts..
  • starM
    starM Posts: 1,464 Forumite
    04th - Received Pin
    05th - Text saying DD's have been recieved from bank

    going smoothly so far.

    So you received the txt today? I have completed wifes switching online on 28th, received txt on 02/11 confirming they have requested DDs, still waiting for further txts to arrice.

    MS
  • Hurri
    Hurri Posts: 128 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    ukdutypaid wrote: »
    Is your previous /donor account now devoid of any DDs and SOs you might have had? I'd be intrigued if anybody was seeing them duplicated/retained.

    In effect there should be nothing whatsoever remaining on the other (transferred from) account.

    My DD's are showing on my original bank and they also appeared on Co-Op today.
  • 10_66
    10_66 Posts: 3,500 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    ukdutypaid wrote: »
    Is your previous /donor account now devoid of any DDs and SOs you might have had? I'd be intrigued if anybody was seeing them duplicated/retained.

    In effect there should be nothing whatsoever remaining on the other (transferred from) account.
    Hurri wrote: »
    My DD's are showing on my original bank and they also appeared on Co-Op today.

    My standing orders are showing in both "old" account and the new co-op account as well. I've been given a completion of switching date of the 11 Nov, and have decided to leave it until that date before I cancel them on my old account (they're only a couple of small "dummy" standing orders I set up to use for "switching" offers like this) as I don't want to do anything that might jeopardise my £200 cashback.
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Apply online two weeks ago.
    Ask to visit one branch did it last week.
    Got official a/c opening letter yesterday with switching form.
    Fill in and sent it yesterday.
    Hope to get another GBP200 in about 3-4 months time
    10_66 wrote: »
    My standing orders are showing in both "old" account and the new co-op account as well. I've been given a completion of switching date of the 11 Nov, and have decided to leave it until that date before I cancel them on my old account (they're only a couple of small "dummy" standing orders I set up to use for "switching" offers like this) as I don't want to do anything that might jeopardise my £200 cashback.
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No worries it is quite common nowadays. It literally mean they did switching DDs to new a/c . The old one in old a/c will disappear once they manage to tkae DDs from new a/c once.

    They did it nowadays, If there was not enough cash in the new a/c they will take it from old a/c to avoid late payment penalty.
    Hurri wrote: »
    My DD's are showing on my original bank and they also appeared on Co-Op today.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    adindas wrote: »
    If there was not enough cash in the new a/c they will take it from old a/c to avoid late payment penalty.
    I don't think that's correct.

    How could they?...being as the DD process takes 3 (working) days.
  • kar999
    kar999 Posts: 708 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Standing orders in coop but now not in LLOYDS . Internet banking up and transfered £20 to it to test. Had letter to say I'm up and running. Will transfer £800 in next and then bring the vantage account back to life as I asked for it not to be closed and £5K is still in it. I'll manually move £1000 in and out of vantage rather than set up a new s.o to be safe.
    If the ball had gone in the net it would have been a goal.
    If my Auntie had been a man she'd have been my Uncle.
  • jellyhead
    jellyhead Posts: 21,555 Forumite
    10,000 Posts Combo Breaker
    does everyone get a £1,000 temporary overdraft during the switching process though? I can't remember if they said it was interest free. I'm going to leave money in both accounts just to be sure.
    52% tight
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.