How long before I switch current accounts?

sopranolmu

Hi. I recently switched my basic Halifax current account (used to be my student one, but changed when I graduated the first time) to my M+S one, to take advantage of the £100 gift card.

I usually keep track of my sister's savings too, as she's genuinely useless (honestly, she had 15 thou sat in a 0.9% account once! ) and she's interested in this gift card with Marks and Sparks - she spends a lot in there. We've already opened her their current acc. and regular saver, so that's not a problem. But, she doesn't have just a basic account we could switch to them - they're all tied up in maximising interest: TSB, Nationwide, Tesco etc.

If I opened her a bog standard basic current acc. with Halifax (she has ISAs with them already), how long before I could switch it to M+S? Is there a rule on how long you have to wait after opening before switching, or?

TIA

NoMore

No rules, as soon as its open you can switch. I recently switched a account 1 week after opening it.

badger09

If the account you've opened for the switch comes with a debit card, I would wait until you had that before switching.

mozzy10

Not sure if this applies to Halifax, but I had an RBS switch fail because I hadn't activated the debit card.
Pop a couple of quid into the account so you have something to switch plus it shows you the switch has happened when the money is in the new account.

alexcazacu01

if you switch and benefit of £££ for this, how long you have to keep that acoount before switching again?