Current account hopping to take advantage of the joining rewards

turkish416

bsms1147 wrote: »

Please show your working.


~

Getting the £100 from FD isn't as easy as it appears though, so I might not count on it.

Ahh, Why so?

pmduk

Archi_Bald wrote: »

no they aren't.

I think you'll find that that's exactly what your quoted post was saying.

YorkshireBoy

turkish416 wrote: »

Mea culpa = First Direct is leave before 12 months...

To be precise, it's between months 7 to 12...subject to other conditions being met.


Be a shame to mess up, so better to re-familiarise yourself with the T&Cs?

Archi_Bald

pmduk wrote: »

I think you'll find that that's exactly what your quoted post was saying.

On pure grammatical construction of the quoted sentence, I would suggest it was a question, even though there was no question mark.

CherlokHomes wrote: »

That will be a hop more then hopping because are first direct not the only bank with the £100 incentive.

However, if you insist it wasn't a question but rather a statement to say First Direct are not the only bank with the £100 incentive: I would then claim to be allowed to post my agreement by saying "no they aren't", without being called to task about agreeing with a previous poster.

Tubbss

Starts on Monday - Co-Op bank, Switch to them and they will pay £100 and make a £25 charity donation

turkish416

So back to my original query, are there any issues that anyone can think of that prevent this?

YorkshireBoy

turkish416 wrote: »

So back to my original query, are there any issues that anyone can think of that prevent this?

You really ought to keep your longest held current account, since "time with bank" is a key stability criterion in credit scoring (for mortgages, credit cards, loans, etc).


I have 18 (or is it 19?...I forget!) current accounts, and sheer number hasn't affected my ability to gain credit.

iAMaLONDONER

YorkshireBoy wrote: »

You really ought to keep your longest held current account, since "time with bank" is a key stability criterion in credit scoring (for mortgages, credit cards, loans, etc).


I have 18 (or is it 19?...I forget!) current accounts, and sheer number hasn't affected my ability to gain credit.

Surely that's too many debit cards and bank statements/cheque boks to mind lool!

innovate

You just have to be mildly organised.

platterfish

Tubbss wrote: »

Starts on Monday - Co-Op bank, Switch to them and they will pay £100 and make a £25 charity donation

It is new and existing customers too, they mentioned this to me in branch the other day and it includes smile.

Switch 2 DD's/SO's via full switch and close the old account, and pay in 800 a month.

Existing customers qualify if they don't already pay in 800+ a month.