M&S current account - switch incentive now increased - £125 gift card

lee111s

laughingboy wrote: »

What do you mean by 'donor' accounts?

Do you just have a few current accounts and choose one to 'do the switch' even though it's not your main one?

Thanks

Exactly! :-)

laughingboy

Great! I have an 'old' TSB account I was using for the interest, think it just nominated itself

Is there a thread on here that discusses this sort of stuff?

Fruit_and_Nut_Case

laughingboy wrote: »

Great! I have an 'old' TSB account I was using for the interest, think it just nominated itself

Is there a thread on here that discusses this sort of stuff?

Is that a "TSB Classic Plus"? It would seem to be a shame to close it and lose the 5% interest rate (on up to £2000)

There are people here with numbers of current accounts running into double figures. Doesn't often seem to cause any problems. Certainly less hassle than getting a new credit card.

laughingboy

No it's a Classic Enhance, I had all these accounts (about 9 - probably not very many for around these parts!) for a house deposit - which I don't have now so I have a fair few unused accounts.

So I could 'transfer' one of my old accounts to M&S for the vouchers, despite it not being my main account? If so I can't believe I've missed this before!

irm

laughingboy wrote: »

which I don't have now so I have a fair few unused accounts.

Then get switching, as there's not just M&S's offer. You can get £100 cash (rather than vouchers) for switching to First Direct, Halifax or Co-op for instance. First Direct will give you another £100 if you switch away again after 6 months. Some of these do have direct debit requirements though.

YorkshireBoy

irm wrote: »

Then get switching, as there's not just M&S's offer. You can get £100 cash (rather than vouchers) for switching to First Direct, Halifax or Co-op for instance. First Direct will give you another £100 if you switch away again after 6 months. Some of these do have direct debit requirements though.

None of those you mention have any requirement for DDs to be switched for their £100 switching incentives.

karlie88

YorkshireBoy wrote: »

None of those you mention have any requirement for DDs to be switched for their £100 switching incentives.

Co-Op Bank does.

Archi_Bald

karlie88 wrote: »

Co-Op Bank does.

They don't, actually.

You'll need to switch at least 2 Direct Debits or standing orders

https://www.co-operativebank.co.uk/currentaccounts/125switch?cid=125switchingpage&int_cmp=CA_switching_s-125switch_125switch_findoutmore

karlie88

Archi_Bald wrote: »

They don't, actually.



https://www.co-operativebank.co.uk/currentaccounts/125switch?cid=125switchingpage&int_cmp=CA_switching_s-125switch_125switch_findoutmore

Thank you.

Too many current accounts on offer for me to remember T&Cs.

SerialRenter

Thanks for this, it seems my procrastinating has paid off!

Edit: No it hasn't. I phoned to switch this morning, It's only £125 if you apply for the account after the promotion started, not when you start the switching process.

Strange phone call, gave my name and the american operator said "thats a lovely name, you sound like a handsome fellow". I didn't quite know what to make of that!