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Yorkshire & Clydesdale Banks offering £150 for switching

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Comments

  • MARTYM8`
    MARTYM8` Posts: 1,212 Forumite
    Eighth Anniversary 1,000 Posts
    Johnny_Doe wrote: »
    I was told you can only have 1 switch per type of account ie "current account plus" so I think there are 3 "free current accounts" per Yorkshire and Clyesdale so 6 max? But on the same phone call the guys said someone did 23 accounts.. (now that is being greedy)

    Were they Australian?

    The National Australia bank will be mighty impressed by all their extra customers as they try to sell off YB and CB. The 'fastest growing banks in Britain in terms of current accounts opened with the happiest new customers' - I can see the marketing brochure now.:D

    Nothing else really can explain the logic of any of this. Contrast this with one of the other switching incentive banks who to switch just one account required a poster on here to come into a branch following an online application and bring photo ID, proof of address, 3 months statements from their switch account and 3 months payslips!
  • shicky
    shicky Posts: 93 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    sorry potentially stupid question here but for those doing multiple accounts, are they still switching multiple accounts? i.e. are you ringing up and switching two different accounts in one call? Or are you switching one account but effectively opening an extra one as well and getting an additional incentive?
  • shicky wrote: »
    sorry potentially stupid question here but for those doing multiple accounts, are they still switching multiple accounts? i.e. are you ringing up and switching two different accounts in one call? Or are you switching one account but effectively opening an extra one as well and getting an additional incentive?

    You can't switch over the phone. But you can open two accounts in one phone call.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
  • shicky
    shicky Posts: 93 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    You can't switch over the phone. But you can open two accounts in one phone call.

    thanks for the reply! So you open multiple accounts at one time, then use these for switching between YB/CB and/or others?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    shicky wrote: »
    thanks for the reply! So you open multiple accounts at one time, then use these for switching between YB/CB and/or others?
    You open an account at YB or CB.
    You then switch an account you have elsewhere to YB or CB.
    You then receive £150.
    You then repeat the above (or do them all simultaneously as many here have).
  • shicky wrote: »
    thanks for the reply! So you open multiple accounts at one time, then use these for switching between YB/CB and/or others?

    You can't switch from CB to YB and vice versa. You have to switch from a different bank, such as Natwest, Halifax etc.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
  • shicky
    shicky Posts: 93 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    You can't switch from CB to YB and vice versa. You have to switch from a different bank, such as Natwest, Halifax etc.

    Thanks for the replies, I figured this was the case, I was just surprised when talking about 23 accounts and how exactly this would be possible! I'll stick with one of each so I don't get too greedy!
  • Has anyone else been asked for three months bank statements from their existing bank? I made an appointment in branch, and they asked me to take that along. Minded to "forget".
  • Has anyone else been asked for three months bank statements from their existing bank? I made an appointment in branch, and they asked me to take that along. Minded to "forget".

    Ive read about them asking for that before.

    MARTYM8` wrote: »
    one poster on here said his wife was asked to provide statements for her switch account, explain where the funds were coming from and show in effect it was being used regularly. Over the phone I had none of that!
  • So ive just gotten back from holiday to discover the big envelope that arrived this week contains no switching forms. It's Clydesdale if anyone has blank copies? The envelope was as bulky as the ones Oh got because they actually sent the t&cs with my one :(
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