Current account switch

neil324

Are there any current account switch bonus still around. I have 3 TSB Enhance accounts about to be redundant. I already have 1 Halifax reward account.

Fruit_and_Nut_Case

neil324 wrote: »

Are there any current account switch bonus still around. I have 3 TSB Enhance accounts about to be redundant. I already have 1 Halifax reward account.

Co-Op
M&S
First Direct

...should do for a start.

YorkshireBoy

Nationwide, via their refer-a-friend promotion (£100 to share).

Or, if you don't have any friends with a Nationwide account (but you'll find you do on the referrers board!), Nationwide via Quidco for £80.

neil324

Already have a Nationwide account.

Will look in to the others. I thought Co-op had stoppped theirs.

YorkshireBoy

neil324 wrote: »

Already have a Nationwide account.

Doesn't matter. You can still get the refer-a-friend payment.

neil324

Quiet enjoying this, makes the TSB cut in interest rates ok.:D

Co-op looks good, will set up 2 Tesco DD's on one account ready.

MS looks good with no strings, but it's vouchers, still better than nothing. Could spend it on posh food.

Hmm, Nationwide maybe. First direct needs a regular monthly amount paid in I think.

YorkshireBoy

neil324 wrote: »

Co-op looks good, will set up 2 Tesco DD's on one account ready.

Why mess around with DDs when a couple of SOs will suffice (and be much quicker to set up)?

First direct needs a regular monthly amount paid in I think.

Only until you get your £100. Then you can stop...providing you have another account set up acting to waive the banking fee within 6 months.

neil324

YorkshireBoy wrote: »

Why mess around with DDs when a couple of SOs will suffice (and be much quicker to set up)?Only until you get your £100. Then you can stop...providing you have another account set up acting to waive the banking fee within 6 months.

Right SO's where you push the money. Might go with the Nationwide although in their terms they say someone with a Nationwide account can get the bonus if they are moving their main account where their salary is paid. This would not be the case with me but they don't check that I assume only the SO's.

First Direct seems ok, but you need the account open for 12 months with the first 6 being the easy part.

YorkshireBoy

neil324 wrote: »

Might go with the Nationwide although in their terms they say someone with a Nationwide account can get the bonus if they are moving their main account where their salary is paid. This would not be the case with me but they don't check that I assume only the SO's.

They give some 'examples' of what they mean by main account. But I can assure you they pay the £50 even if you don't pay your salary in . The only requirement is to switch everything, including 2 DDs (not SOs as you mention above).

First Direct seems ok, but you need the account open for 12 months with the first 6 being the easy part.

Not sure what you mean here. £100 is very easy to get. If you're already looking to the £100 leaving present, then yes you need to wait until month 7.

neil324

YorkshireBoy wrote: »

They give some 'examples' of what they mean by main account. But I can assure you they pay the £50 even if you don't pay your salary in . The only requirement is to switch everything, including 2 DDs (not SOs as you mention above).Not sure what you mean here. £100 is very easy to get. If you're already looking to the £100 leaving present, then yes you need to wait until month 7.

Right I was assuming again. Coop allow SO's, Nationwide need DD's. MS don't need either but give vouchers.

So you can close the First Direct once the £100 is received. For some reason I thought the account needed to be open for 12 months.

YorkshireBoy

neil324 wrote: »

Coop allow SO's, Nationwide need DD's. MS don't need either but give vouchers.

Good summary.

So you can close the First Direct once the £100 is received. For some reason I thought the account needed to be open for 12 months.

You could keep it open if the 6% regular saver appeals. However, that'd mean running 3 accounts there* just for the regular saver (1st, eSavings, & regular saver), and you may wish to have something simpler!



* Unless you cycled £1K per month through the 1st account or left cash in there making 0%.