So which bank freebie next?

phil7445

I've just got my £150 through from Yorkshire bank and just read in the MSE email about the HSBC big freebie which needs to be done by 31st August but I am wondering if there is time to squeeze in one more bank freebie first?

I've already got Halifax and Had First Direct before so I was thinking either M&S for the £100 gift card or TSB or Co-Op for the £100 each. Do any of them pay quickly from experience?

Although in about 6 months I might remortgage and Co-Op seem to do good cheap rates so maybe I shouldn't switch then close that. Or maybe doing all these will mess up my credit rating and a good mortgage? Hmmm....

YorkshireBoy

Payment times are shown in the respective switching incentive T&Cs (a month seems to be around the norm), but I'd suggest you might be cutting it fine to squeeze another in before the end of August. Not too bad if you're not planning on doing the Loyalty ISA, but £240 is a lot to risk if you are.


I appreciate it's not for everyone, but when I've hit these offers previously I've done them in parallel rather than in series. A bit more 'busy' but you get your cash sooner!

phil7445

Thanks for your reply Yorkshireboy. I am not sure I want to open a bunch of basic bank accounts to do the switching. I am keeping my main bank as Halifax for the £5 interest and my Santander 123 as my savings account.

So that just leaves my Yorkshire bank account to switch. Ok I will read up on the details... I think I will risk the HSBC and squeeze one in and if it doesn't work I'll open a basic bank account. Yeah!! I want the ISA too for my £240.

Drcashback

Topcashback are currently offering £52.50 for Co-Op Bank's Current Account. The Co-Op then pay £100 plus £25 to charity. They say this will be paid within 45 days of switching. HSBC sounds great but reads like the payout for the ISA will after a year.

phil7445

Thanks for the info. I already decided on TSB through the MSE link. My switch date is 20/7/15 so I am hoping they will pay me before the HSBC deal expires.