5% Savings Loophole

bobobski

Don't forget the cashback on household bills too. In theory, could wipe out the fee.

tmsbry

Quick question,

This morning I opened a second basic account with HSBC. I also have an Advance current account.

Can I use the switching service to take advantage of the Halifax £100 switch offer & still keep my HSBC Advance account?

HappyMJ

tmsbry wrote: »

Quick question,

This morning I opened a second basic account with HSBC. I also have an Advance current account.

Can I use the switching service to take advantage of the Halifax £100 switch offer & still keep my HSBC Advance account?

If you switch the basic account yes you can keep the Advance account.

djpailo

Someone posted a schematic of how all their accounts were linked together. Does anyone know where I can find that post again? The user also explained the best day to set up SO's and to o it every four weeks etc, but I can't find the post...

tmsbry

HappyMJ wrote: »

If you switch the basic account yes you can keep the Advance account.

Brilliant, good stuff, even though I opened the account today, will it still be ok to switch tomorrow?

I can't see anything in the T & C's

HappyMJ

tmsbry wrote: »

Brilliant, good stuff, even though I opened the account today, will it still be ok to switch tomorrow?

I can't see anything in the T & C's

That's what I do. It's easier though if you wait for the debit card to come through the post as they might require the 16 digit number.

martinpa1

Do any of the banks have restrictions on moving money by SO to another account at the same bank? For example, could I have a SO to move £1000 from Bank of Scotland account 1 to BOS account 2 to satisfy the monthly pay-in requirement?

colsten

You need to check the T&Cs. Some banks allow it, some don't.

Eco_Miser

djpailo wrote: »

Someone posted a schematic of how all their accounts were linked together. Does anyone know where I can find that post again? The user also explained the best day to set up SO's and to o it every four weeks etc, but I can't find the post...

Sorry, I don't have the posts either, but I know the day was Wednesday, as that avoids all Bank and public holidays except Christmas Day, Boxing Day and New Year's Day. They each fall on a Wednesday four times in 28 years (but not every 7 years), and most of those probably miss the SO day.

junebaby

I have been looking to open the Halifax Reward Account for some time to take up the offer of £5 per month but not got round to it. I now see they have a £100 offer for switching accounts but I do not have an account to switch.

HSBC also have an incentive at the moment of £120 for switching. My question is can I open both accounts and then switch them. Also can I switch them before I set up the funding and DDs necessary to fulfil the terms and conditions?