Yorkshire & Clydesdale Banks offering £150 for switching

7sefton

Hi

When I first heard about this offer (and this thread only ran to 2 pages!) I was under the impression it was not available to people who already help an existing CB account which was used as a 'main account' (i.e. funded each month).

However it seems like this isn't the case anyone, and that I can just keep opening and switching accounts to get unlimited £150's.... is this true?

Sorry to be lazy, but I can't face reading back over hundreds of posts to understand the true situation.

Thanks!

nearlyretired2004

Tried a different tack and used a different Clydesdale number rather than the main contact centre and they DID put me through to the Bank advisers queue - call answered after 35 mins.

However - got referred.

My two Clydesdale accounts have been the ONLY referrals I've had in 40-odd years of banking and umpteen current account applications and a perfect credit history

(you may remember excuse for the first referral was that they couldnt verify my phone number ...!!)

Only difference this time was that this adviser was unwilling to include investment income (.....the last one did) so my income amounts will look different on each application.

I know that call backs to open new accounts arent happening - but are people getting their referral call backs OK.?

YorkshireBoy

7sefton wrote: »

Hi

When I first heard about this offer (and this thread only ran to 2 pages!) I was under the impression it was not available to people who already help an existing CB account which was used as a 'main account' (i.e. funded each month).

However it seems like this isn't the case anyone, and that I can just keep opening and switching accounts to get unlimited £150's.... is this true?

Sorry to be lazy, but I can't face reading back over hundreds of posts to understand the true situation.

Thanks!

Your question is answered in the incentive T&Cs. Condition 3b from memory.

vouch0r

nearlyretired2004 wrote: »

Tried a different tack and used a different Clydesdale number rather than the main contact centre and they DID put me through to the Bank advisers queue - call answered after 35 mins.

However - got referred.

My two Clydesdale accounts have been the ONLY referrals I've had in 40-odd years of banking and umpteen current account applications and a perfect credit history

(you may remember excuse for the first referral was that they couldnt verify my phone number ...!!)

Only difference this time was that this adviser was unwilling to include investment income (.....the last one did) so my income amounts will look different on each application.

I know that call backs to open new accounts arent happening - but are people getting their referral call backs OK.?

I'm waiting for the callback from Monday.. Need to call the but its such a bore/)long winded call

nearlyretired2004

...... but dont get me started on Advisers frorm the same bank saying different things!!!

....I DID actually get my call back for account opening and explained that I had actually got through and opened the account already - but maybe she could check and see whether there had been any result on the referral?

Oh no sir, it takes THREE WORKING DAYS to get the referral result ..... the adviser I had opened the account with earlier said, (and I quote ....) 'I PROMISE you will get a call back within 48 hours......'

Princess_x

I got my referral callback for an application made last Friday. I did call on Tuesday though to see if they had an update then and the lady took down my number and said someone would definitely call me back by the end of the day or on Wednesday. True to their word, they did and all was ok.

Tadpole78

I got through just before lunch and managed to complete that stage, so sounds like I was lucky. I ended up with a Direct account, however, I now see online that it says "minimum monthly credit £1000" required, I don't know how I didn't see this earlier. Does it mean that I'll have to put £1000 in each month, I was hoping to just deposit the one £1000 after switching. Or is it a case that the monthly requirement is only if you're wanting to earn the 2% interest? Thanks. Also, she didn't mention the £125, but did talk about switching, so I'm assuming the incentive is a given!

MARTYM8`

Tadpole78 wrote: »

I got through just before lunch and managed to complete that stage, so sounds like I was lucky. I ended up with a Direct account, however, I now see online that it says "minimum monthly credit £1000" required, I don't know how I didn't see this earlier. Does it mean that I'll have to put £1000 in each month, I was hoping to just deposit the one £1000 after switching. Or is it a case that the monthly requirement is only if you're wanting to earn the 2% interest? Thanks. Also, she didn't mention the £125, but did talk about switching, so I'm assuming the incentive is a given!

You just need to pay in £1,000 a month to get the 2% interest on the direct account - and you will have to do that anyway in month 1 to get the incentive.

If you don't pay in £1k - you won't get any interest that month The worst that could happen is that they might downgrade you after a few months to a plus account - but you may not be too bothered by then!

So don't worry - the £1k a month is just to trigger the 2% interest for that month.

PS You must request a switch - I noticed in my last call they didn't actually offer that upfront if you wanted to open an account whereas before previously they raised it with me. I had to ask on the last occasion. If you didn't discuss that in the call you will need to contact them again to give details of your switch account and request the paperwork. They do however send out two sets of switch forms in each pack - one to return and one to keep for your records - so you could just fill the spare out from a previous application if this isn't your first YB/CB switch. Posters on here have emailed pdfs of the form to other forum members - which is also an option if you need the 3 switch forms.

Yes there are 3 different forms plus a customer mandate to sign for the new account!:

Current account switch service form
Current account switch agreement
Current account Switch service – account closure instruction

Tadpole78

Thanks Marty! They did talk about the switch, just not the incentive, and I didn't want to bring it up, lol.

This is my first 'switch' so all very new, but think I might open a plus account too, might try that tomorrow.

MARTYM8`

Tadpole78 wrote: »

Thanks Marty! They did talk about the switch, just not the incentive, and I didn't want to bring it up, lol.

This is my first 'switch' so all very new, but think I might open a plus account too, might try that tomorrow.

No problems.

You say you discussed the switch - but did you request one and give your switch account details. No need to discuss the £150 incentive – but you do need to clearly ask for the switch and quote your switching account sort code/account number or they may not send you the paperwork.

Not sure if they are getting canny – as previously for me they prompted the switch. In my last call I had to ask for a switch explicitly as they didn’t raise it!