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Set up bank account to switch?

Hi

I was just wondering if anyone knew how long you have to have a current account before you can use the switching service to switch to an account that has an incentive for joining?

I am hoping to set up a new one and then switch it to get one of the bonuses, but not sure how long I'd have to wait in between.

Thanks

PPx

Comments

  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    See this: http://forums.moneysavingexpert.com/showpost.php?p=67522015&postcount=2

    Hint: in the switching terms, does it say you have to have held your current account for a minimum amount of time? No? Then why do you ask?
  • Thank you very much.
    I did read through the terms and conditions but it all seemed a bit too good to be true.
  • I opened up a second account with Halifax, commenced the switch the same day. Neither Halifax or the other bank had a problem with it (not that I told them I was planning to switch it when I opened it 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.
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