Yorkshire & Clydesdale Banks offering £150 for switching

B_G_B

LuSiVe wrote: »

It .... is ..... so ..... slow ...... doing this on the phone.....

Takes me back to my application to YB back in January. 20 days from initial phone call to having a working account. This did not include arrival of security token, required for larger transfers. This was an application that went without a hitch, where all paperwork, additional phone call to register for internet banking etc was turned around on the day that I received it. Best prepare yourself for a long haul unless they’ve changed the process. The initial phone call was the quick part of the process.:)

Harveys_2

On the call to them now...they're saying I have to pay in 1000 each month?

Hazzanet

Harveys wrote: »

On the call to them now...they're saying I have to pay in 1000 each month?

That would be right to get interest on the Current Account Direct.

Harveys_2

Thanks Hazza. So if I don't put in 1000 pounds I don't get interest?

That's fine as I'm only doing it for the 150

bsms1147

Harveys wrote: »

Thanks Hazza. So if I don't put in 1000 pounds I don't get interest? *

That's fine as I'm only doing it for the 150

*Apart from the initial £1000 to satisfy the joining requirements, of course.

Harveys_2

Thanks bsms!

mr_jrt

YorkshireBoy wrote: »

I thought they'd written the offer T&Cs very well, but you may have found a loophole. You can't open Current Account Direct accounts with both though (see the existing general conditions)...it's max 2 accounts, one of which must be a joint.

My apologies if I missing something obvious here: are we saying you can open (and switch) two accounts, a single and a joint, and get the £150 for each. I'm reading the T&Cs and it simply states eligibility is if you don't have accounts before the 17th and complete a switch, thus the only limits that would apply would be that you can only open two accounts after the 17th - one single and one joint, and both would be eligible.

Is that correct?

gallygirl

Long chat with very nice lady. Felt guilty as she went through the options on the accounts, didn't have the heart to say 'I don't care love, just show me the money' . Wondering how long I can wait as closing a NW Flex Direct which expires Jan. Happy to forego £8 to get £150 :T.

PS - is the £150 taxable? I presume so.

Fruit_and_Nut_Case

gallygirl wrote: »

PS - is the £150 taxable? I presume so.

Shouldn't be. It's an "incentive", not interest.

derrick

gallygirl wrote: »

Long chat with very nice lady. Felt guilty as she went through the options on the accounts, didn't have the heart to say 'I don't care love, just show me the money' . Wondering how long I can wait as closing a NW Flex Direct which expires Jan. Happy to forego £8 to get £150

Are you closing the NW Flexdirect using CB/YB switching service? As I was told these are "not eligible" accounts, and you will only get the £150 if you use their switching service.

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