Account switch question

xtra_time

joe134 wrote: »

I have just switched to halifax, done 2 days ago,funds moved, and they have not closed my nationwide yet, . When I log into hailfax, I can view an old account I had 28 years ago, nil balance, and all my isas. I've just done it now to see if my transfer fee has gone in. how long before it hits a/c?
£200

I just moved to Halfax too this week completed on monday the £200 was in yesterday

jlfrs

When applying for the switching bonus (if that's the reason for switching), it is usually a condition that the existing account is closed as part of the process.


Your existing lender will write to inform they've taken instructions from your new Bank, to contact them if this is not the case, and that they are sorry to see you go.


Its only a personal opinion but in today's world of advanced hacking, etc, if an account I wanted closed is still open when it shouldn't be, I would phone the Bank and have them close it manually. I think it pays not to have loose ends but I am probably being overly-cautious.

joe134

xtra_time wrote: »

I just moved to Halfax too this week completed on monday the £200 was in yesterday

£200 just gone in today Was beginning to think I was the only one offered £200..:j May just switch it again in the near future, to ????

joe134

jlfrs wrote: »

When applying for the switching bonus (if that's the reason for switching), it is usually a condition that the existing account is closed as part of the process.


Your existing lender will write to inform they've taken instructions from your new Bank, to contact them if this is not the case, and that they are sorry to see you go.


Its only a personal opinion but in today's world of advanced hacking, etc, if an account I wanted closed is still open when it shouldn't be, I would phone the Bank and have them close it manually. I think it pays not to have loose ends but I am probably being overly-cautious.

I've just asked Capital One to close 4 Credit Cards, aint done it yet, but, if Hacked, will probably spend less than OH.;) The N/wide have soon closed my A/c.after switch

joe134

joe134 wrote: »

I've just asked Capital One to close 4 Credit Cards, aint done it yet, but, if Hacked, will probably spend less than OH.;) The N/wide have soon closed my A/c.after switch

just had the capone letters, now closed and dd's stopped.

PrinceYumil

Thought I would post this here to avoid creating a new thread and sorry if it has been asked before.

How often can I switch bank accounts? As in could I just go through all the switching bonus banks or would they see my credit file and fail me after the second or so?

eskbanker

PrinceYumil wrote: »

Thought I would post this here to avoid creating a new thread and sorry if it has been asked before.

How often can I switch bank accounts? As in could I just go through all the switching bonus banks or would they see my credit file and fail me after the second or so?

There are no inherent limits or hard and fast rules on this, but as you say the more credit applications you make in a short period of time then the more likely it is that a prospective lender is influenced by them. Obviously a lot depends on the state of your credit records in the first place, and it's also worth bearing in mind that banks can and do refuse applications for reasons other than credit status....