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Closing account after 2 months

jtsid
jtsid Posts: 2 Newbie
in Budgeting & bank accounts
Hello

I switched my account to first direct from TSB because they were offering £125 switching bonus. However I have now been offered a job aboard and wondering can I close the account after opening it only 2 months ago? Will i have to give the switching bonus back?

Thanks

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Yes and No.
    Do you have other UK accounts?
  • Fruit_and_Nut_Case
    Fruit_and_Nut_Case Posts: 4,617 Forumite
    Mortgage-free Glee!
    jtsid wrote: »
    Hello

    I switched my account to first direct from TSB because they were offering £125 switching bonus. However I have now been offered a job aboard and wondering can I close the account after opening it only 2 months ago? Will i have to give the switching bonus back?

    Thanks
    Aboard what? :)

    Seriously, why close it? Use it as a donor account when you next switch for an incentive.
    Are you for real? - Glass Half Empty??
    :coffee:
  • castle96
    castle96 Posts: 3,052 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Leave £1 in it in case you need it as a donor account.
    If you do decide ot close it completely, you do not have to return the dosh
  • alanq
    alanq Posts: 4,216 Forumite
    1,000 Posts Combo Breaker
    edited 5 August 2014 at 4:09PM
    castle96 wrote: »
    Leave £1 in it in case you need it as a donor account.

    Unless one meets conditions for exemption, such as by having £1 in an Everyday eSaver Account, there is a monthly fee of £10 to pay for having the account.
  • Lith
    Lith Posts: 897 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Why the hell close it? you will regret that,

    i've been living abroad for 3 years still got all my UK accounts all working.


    (come back to UK this year though)

    Seriously don't close it.
    • HSBC (Main A/C)
    • Halifax Back up A/C
    • Lloyds (Spending) A/C
    • RBS Back up A/C
    • Barclays Old A/C
    • Nationwide Old A/C
  • System
    System Posts: 178,428 Community Admin
    10,000 Posts Photogenic Name Dropper
    Switch it to M&S Bank.

    You'll get practically the same account (as it is also run by HSBC ) plus £100 worth of M&S gift vouchers.

    Their overseas ATM charges are lower too at 2.75% of the amount withdrawn with no minimum.

    jtsid wrote: »
    Hello

    I switched my account to first direct from TSB because they were offering £125 switching bonus. However I have now been offered a job aboard and wondering can I close the account after opening it only 2 months ago? Will i have to give the switching bonus back?

    Thanks
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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