two accounts or one?!

wombatio

I have a current account with halifax that im happy with, but i keep being tempted by adverts for other banks saying come to us and get £100! i know that these accounts state you must pay in your salary to qualify, so what i want to know is, is there any reason why i cant keep my original bank account and open another, and just pay in the required amount every month, rather than transfer all my banking cvompletely, and so get the 100 quid? thanks in advance

LittleVoice

You can keep your original account.

You may (depending on the terms of the new account) have to arrange to pay in your salary to the new one. But, if it is simply a minimum of, say, £1K/month, you need only make arrangements to pay in that amount (in one instalment or in more but smaller amounts).

That's what I did when opening a Halifax account (I know you are already with them) - let them transfer SOs and DDs from one account and pay in at least £1K/month. My earned income goes to another account.