We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Switching from RBS

Hi ,
I am thinking of switching my current account with RBS (mainly to gain from the switch offers out there offering cash).
I have been with RBS for 40 years.
Do you think it would be worth calling them to see if they would match the amount i could get for switching from other banks?

Anyone tried this?
Thanks in advance.

Comments

  • sofiar
    sofiar Posts: 114 Forumite
    I would, it's now competition to see what they can offer a loyal longstanding customer, good luck
    -X-Missima-X-
  • Jennifer_Jane
    Jennifer_Jane Posts: 3,237 Forumite
    1,000 Posts Combo Breaker
    Actually, whilst it can't hurt to ask them about a switch match (let us know if that does work!), my preference would be to keep the 40 year old account, open a couple more RBS accounts online and add a couple of direct debits for switching to where you want to go to.


    I was very impressed with RBS and how easy and efficient everything was.


    I (and others) don't like Yorkshire's website and having to use the token and so on, and will be switching from them as soon as a couple more incentives have happened. Many complaints about Clydesdale and Yorkshire Banks on various websites.


    There have also been complaints about M&S and the Co-op, so if you have an account you are happy with, I'd stay with them


    I'll be switching (one of) my Yorkshire accounts to my existing main Halifax account for the monthly £5 reward (I'm ineligible for the switching incentive).
  • eskbanker
    eskbanker Posts: 38,104 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    snapyou wrote: »
    Hi ,
    I am thinking of switching my current account with RBS (mainly to gain from the switch offers out there offering cash).
    I have been with RBS for 40 years.
    Do you think it would be worth calling them to see if they would match the amount i could get for switching from other banks?

    Anyone tried this?
    Thanks in advance.
    Happy to be proved wrong but I can't see how this would work - if, for the sake of argument, they agreed to credit you with, say, £100, what would stop you asking again next week/month/year and how could they force you to stay if you decided to switch anyway after such a credit?
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    I'm afraid I have to agree with eskbanker that it's unlikely to work. As well as those reasons, the chances of you getting to speak to someone who would have the authority to make such a payment are remote.
  • Paul_1977
    Paul_1977 Posts: 992 Forumite
    I would keep the 40 year old account regardless.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.