Alliance & leicester 16 - 21 account £30 cash back

at1cadmen

Havent seen anything posted about this one but if you open an account for your kids you can earn £30 for you and £30 for each of them.
Do this 4 times a year and open and close your own accounts as well and you could earn over £700 per year. this is in addition to the usual savings you can make with your interest free overdraft and high savings interest rates.

zebidee1

http://www.alliance-leicester.co.uk/currentaccounts/index.asp?page=recommend-friendpremier21b&ct=rafhomep21p21

Just checked the A&L site and it's now £15 each for the Premier 21 account (16-21 current account).

michaels

Can you get quidco for this account as well?

mleonard79

at1cadmen wrote: »

Havent seen anything posted about this one but if you open an account for your kids you can earn £30 for you and £30 for each of them.
Do this 4 times a year and open and close your own accounts as well and you could earn over £700 per year. this is in addition to the usual savings you can make with your interest free overdraft and high savings interest rates.

Hi at1cadmen,

I'm afraid you've misinterpreted this incentive offer. Anyone over 21 who has a Premier or Premier Direct Account can recommend a friend or family member for the Premier 21 Account but only the person being recommended gets £30 - the adult gets nothing. You can see the details HERE.

I'm not sure where you're getting the £700 figure from but I'm afraid you could not open and close these accounts four times in the one year in order to get the incentives because you cannot have held a Premier 21 Account in the 3 months preceding a new application. I would not recommend doing something like this for someone who is just starting out with their credit history either.

zebidee1 wrote:

http://www.alliance-leicester.co.uk/...=rafhomep21p21

Just checked the A&L site and it's now £15 each for the Premier 21 account (16-21 current account).

Hi Zebidee - The £15 each only applies to Premier 21 Account holders referring each other - it doesn't apply to someone with the adult Premier/Premier Direct Accounts. It can be quite confusing!

Regards

Michelle

mleonard79

michaels wrote: »

Can you get quidco for this account as well?

Hi Michaels,

No I'm afraid quidco is only available for the adult versions.

Regards

Michelle

at1cadmen

3. Premier Current Account or Premier Direct Current Account customer recommending Premier 21 - £30 for Premier 21 customer.
Offer only available to existing Alliance & Leicester current account customers who recommend new Premier 21 customers. The person being recommended must not have held a Premier 21 in the 3 months preceding the application to open a new account. The existing customer and the customer being recommended must open their accounts on different days. New customers must be aged 16-21 and must open a Premier 21 by visiting a branch, by visiting
alliance-leicester.co.uk or by calling 0800 015 8405. Applications from any other source are not eligible for this offer. Minimum monthly funding of £250 required, and this must be received within 8 weeks of the new account being opened. Funding must be received from a non Alliance & Leicester account. Internet access required for Premier 21. £30 will be paid into the recommended customers Premier 21 account provided the voucher is received within 8 weeks of the new account being opened and eligibility criteria are met. The payment will be made within 8 weeks of us receiving the voucher. We will only pay the £30 if the new customer opens their account after 30 April 2007. Offer not available to staff of Alliance & Leicester plc or its subsidiaries. Offer subject to availability. Account opening subject to status. Account Terms & Conditions will be provided at application stage. Telephone calls are being recorded for security, quality control and training purposes. Alliance & Leicester plc. Leicester LE19 0AL.

mleonard79

at1cadmen wrote: »

3. Premier Current Account or Premier Direct Current Account customer recommending Premier 21 - £30 for Premier 21 customer.

£30 will be paid into the recommended customers Premier 21 account provided the voucher is received within 8 weeks of the new account being opened and eligibility criteria are met.

Hi At1cadmen,

I'm not sure what you're trying to prove as the extract from the t&c's that you have posted above wholly concurs with what I posted earlier on this thread - that it is the Premier 21 Account holder ONLY that gets paid £30. The person referring them gets nothing unless they are also 16-21 and have a Premier 21 Account in which case both parties get £15 each.

It is a decent referral scheme as most people would be recommending their children and would therefore be quite happy for them to get the full £30 anyway but your idea of opening and closing the accounts in order to cash in on the incentives several times in the same year is just not worth doing for £30 a time. More importantly, though, it's simply a very bad idea for a young person starting out to be closing and reapplying for so many accounts when they should instead be building up their credit standing by developing a stable relationship with a bank.

Regards

Michelle