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MSE News: Earn 5% interest and a free £100 on top

There's never been a better time to switch bank - the 10 need-to-knows ...
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'Earn 5% interest and a free £100 on top'

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  • Hello,

    I read this new £100 switch incentive on the weekly email by Martin Lewis.

    I have scrutinised the terms and conditions of the offer - eligibility part.

    It does not say that the offer is only eligible to new customers.

    However, I believe I have the maximum number of accounts that an individual can have (2 accounts before a certain date last year). So if i were to switch from another bank account to TSB using this offer, will it be successful ? ie i will have 3 accounts !

    Could MSE check this with TSB since this deal is exclusive for MSE & MoneySupermarket please ?

    Thank you.
  • castle96castle96 Forumite
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    http://www.tsb.co.uk/legal/special-offer-mse-msm-terms-and-conditions.pdf

    it does say max. of 1 single/joint, so I it would seem not.

    What does it mean by having to go 'through' MSE/MS ? I assume you have to go onto eg. MSE and click the link.

    I already have > the max. a/cs so I am stu**ed, but as for others - fill ya boots !
  • Ed-1Ed-1 Forumite
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    musneb wrote: »
    Hello,

    I read this new £100 switch incentive on the weekly email by Martin Lewis.

    I have scrutinised the terms and conditions of the offer - eligibility part.

    It does not say that the offer is only eligible to new customers.

    However, I believe I have the maximum number of accounts that an individual can have (2 accounts before a certain date last year). So if i were to switch from another bank account to TSB using this offer, will it be successful ? ie i will have 3 accounts !

    Could MSE check this with TSB since this deal is exclusive for MSE & MoneySupermarket please ?

    Thank you.

    If you try applying for another Classic Plus account through the link it will throw up an error message after it checks the application saying the account can't be opened (the reason is the you've reached the max number of accounts of that type).
  • Former_MSE_PalomaFormer_MSE_Paloma Former MSE
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    Hi there, our money team is looking into this so as soon as we have confirmation, I'll let you all know.

    Kind regards, MSE Paloma
  • mustardseed6mustardseed6 Forumite
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    It also says need two direct debits for the £100
  • bristolleedsfanbristolleedsfan Forumite
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    MSE_Paloma wrote: »
    Hi there, our money team is looking into this so as soon as we have confirmation, I'll let you all know.

    Kind regards, MSE Paloma

    Can you ask TSB please for a MSE special 100.00 switch offer for existing customers who are currently only using 1/2, TSB accounts for 5% rate whom would like to switch accounts and add 2 direct debits but wont do it without an incentive. :D
  • Former_MSE_PalomaFormer_MSE_Paloma Former MSE
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    Hi there,

    TSB has confirmed that a maximum of two accounts can be opened, so existing customers can apply if they have one account. However, customers would still need to fulfill the switching criteria.

    Many thanks, MSE Paloma
  • Ed-1Ed-1 Forumite
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    MSE_Paloma wrote: »
    Hi there,

    TSB has confirmed that a maximum of two accounts can be opened, so existing customers can apply if they have one account. However, customers would still need to fulfill the switching criteria.

    Many thanks, MSE Paloma

    However the second account must be joint (which doesn't fulfill the terms of this offer).
  • fuzzgun19fuzzgun19 Forumite
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    MSE_Paloma wrote: »
    Hi there,

    TSB has confirmed that a maximum of two accounts can be opened, so existing customers can apply if they have one account. However, customers would still need to fulfill the switching criteria.

    Many thanks, MSE Paloma
    Two accounts per customer = 2 incentives?
    I Hate Jobsworths!!!
  • Ed-1Ed-1 Forumite
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    fuzzgun19 wrote: »
    Two accounts per customer = 2 incentives?

    That post is wrong on 2 counts.

    It's one sole account and the terms of the offer say one incentive per customer.
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