Santander 123 Current account - No students allowed?

Gromitt

innovate wrote: »

I reckon you won't become a millionaire, and keep being one, by keeping the odd £500K lying about on a current account.

If I win the lottery (current top prize is £6,000,000), then sure I might make some investments, buy some more property, nice car, etc, but I think I'd have more than 500K in cash for quite a while.

jay213

If I open up the 123 account and use the switcher service will they just transfer everything over or do I get to choose what they switch over?

Will my Current account with Halifax be closed? hopefully not. I always thought that you had to get your salary paid into a current account. I get my student loan paid into by Halifax Current account so I guess I couldn't get that paid into the 123 account as that may alert them that I am a student.

Maybe I could even do that pinging thing between the accounts to get the £5 pm interest from Halifax. first thing first I better set up a Halifax Reward current account I guess.

eskbanker

jay213 wrote: »

If I open up the 123 account and use the switcher service will they just transfer everything over or do I get to choose what they switch over?

The switcher service is all or nothing, i.e. you can't selectively choose which DDs to move. You can just do them yourself manually if you wish.

jay213 wrote: »

Will my Current account with Halifax be closed?

No!