Yorkshire & Clydesdale Banks offering £150 for switching

veryintrigued

Jennifer_Jane wrote: »

I didn't print out the T&Cs and copied this from post 5 of this thread. Apparently, T&Cs changed in the meantime. Apologies if I've confused things, but I still think that £1,000 needs to be deposited, which wasn't mentioned in the post above mine.

You've certainly confused me.

I thought it was £1000 deposited (in total i.e. could be made up of any amounts) and this could include any balance transferred from the switched account.

Job for me to check tonight.

CAPTAINBLONDECHICK

veryintrigued wrote: »

You've certainly confused me.

I thought it was £1000 deposited (in total i.e. could be made up of any amounts) and this could include any balance transferred from the switched account.

Job for me to check tonight.

This was one of the things I specifically asked about when opening my first CB account. I was told that it does not need to be in one lump sum - just a total of £1000 and can be made up of multiple smaller amounts.

Westie983

I have had the incentive paid and the T&Cs changed and I confirmed with the agent when I chased up my switching form, the credit of £1000 can be part of the switching balance from the old account, but you need to make sure that 1k is deposited within 30 days of the switch, so if you don't have 1k in the account you are switching then you can switch the balance, then when you see the credit in the account make up the balance to over 1k to satfisty the 1k credit within 20 days,

I was scared that this would be more complicated so I put money in my switch account to increase balance to 1000.01 so when its was switched over its was over the 1K amount, I then waited for the incentive to be paid into the account which was just over two months, from switch date.

Switch date was 18th January and my incentive was paid 27th February

veryintrigued

Thanks to the last two posters - I thought that was the case (and will be checking anyway later).

Jennifer_Jane may wish considering deleting their posts with the (mis)information

Jennifer_Jane

veryintrigued wrote: »

Thanks to the last two posters - I thought that was the case (and will be checking anyway later).

Jennifer_Jane may wish considering deleting their posts with the (mis)information

Yes, happy to do so, and apologies once more. xx

Gers

Just want to say that I hate, hate, hate the internet banking system which Clydesdale use. It's so complicated to login and then even more difficult to actually find the correct place to transfer money out.

I have umpteen current accounts and have spent about 40 minutes doing the £1000 / £750 / £500 merry-go-round all without a problem, yet every month I have difficulty with Clydesdale. Been locked out twice tonight, phoned in twice (very nice CS people) and eventually had to re-register.

Now I know that others will think the opposite of me but this is my experience. So much so that I've decided to use this account to switch to M&S.

Perhaps should be on the vent board!

planteria

i am with you entirely Gers.. it's dire. along with their customer service.

MARTYM8`

I quite like the Yorkshire bank and its internet banking - both quirky but maybe that's me. And they also provide tea in a mug when you meet their banking advisors - not like the paper cups from a vending machine most banks use.

Am of course curious to see what the new incentive terms will be if its relaunched next Monday? – but its clear they are angling for more customers across the board.

In addition to the current account incentive they now have a market leading ISA just launched (2.1% two year fixed rate – albeit you can get 2% on 40 day notice for sums over £24k) and have the longest interest free credit card for purchases on the market at over 20 months.

I wonder how NAB’s plans are going to sell off YB/CB?:D

mozzy10

phil7445 wrote: »

Just wondering won't having lots of doner accounts and doing a lot of switches affect credit rating?

If you care about your "credit rating" then don't switch.
If, like me, you couldn't care less then Whoop!!! gimmie free money!!

MARTYM8`

mozzy10 wrote: »

If you care about your "credit rating" then don't switch.
If, like me, you couldn't care less then Whoop!!! gimmie free money!!

Clearly if you are about to apply for a £500k mortgage in the next couple of months I would be wary about opening lots of accounts – but for most people that isn’t the case.

In reality under MMR they are far more interested in your track record of paying debts/credit card bills and your general credit worthiness and ability to repay when awarding you a mortgage rather than some imaginary credit score. And if you have a current account with your (future) mortgage provider they may even look on you more fondly. Its credit and debt they will be concerned about – not current accounts with positive balances on them.