Yorkshire Bank £150 incentive

w00519772

I opened a new Yorkshire Bank account in November 2015 (26/11/2015). The switch completed a couple of weeks ago.

I remember speaking to customer services who informed me that you must credit your account within 31 days of switching.

I cannot find anything in writing that states the £1000 must be credited within 31 days of switching rather than 31 days of opening the account. I did credit the account with £1000 on 27/12/15, however this is outside the 31 days (by one day).

The previous years' offer (2014) (http://www.ybonline.co.uk/media/news-releases/2014/current-account-switching-offer) explicitly states that it is 31 days after switching. 2015's offer is more vague: http://www.ybonline.co.uk/media/news-releases/2015/clydesdale-and-yorkshire-banks-150-current-account-switching-offer-to-end-in-two-weeks.

How does the 31 day rule work? Is it 31 days after opening the account or 31 days after completing the switch?

MARTYM8`

I thought it was post the switch on all the versions - not before it - the idea being you were operating it as a current account (in theory) so would be paying £1k in to support the transactions you would expect to see.

http://www.ybonline.co.uk/media/news-releases/2014/current-account-switching-offer

So it had to be post the switch date - 31 days I believe - not post opening but before the switch. The 31 days equating to a maximum calendar month length - during which you would have expected to fund the account.

Sadly if you paid in on day 32 you did not meet the terms of the £150 payment - they might be flexible if you were clearly using it for transactions/day to day banking so you could always ask nicely. If you were clearly just using it to get the £150 they will probably say no.

w00519772

MARTYM8` wrote: »

I thought it was post the switch - not before it - the idea being you were operating it as a current account (in theory) so would be paying £1k in to support the transactions you would expect to see.

So it had to be post the switch date - 30 days I believe - not post opening but before the switch.

It is definitely 31 days. Not clear to me whether post switch.

jimjames

Pay in £1000 again to make sure?

w00519772

jimjames wrote: »

Pay in £1000 again to make sure?

I pad the first 1000 into the account 32 days after the account was opened. 31 days since the account opened has already expired.

MARTYM8`

w00519772 wrote: »

It is definitely 31 days. Not clear to me whether post switch.

Its post the switch.

So all you need to do now is pay £1,000 within the next week or two - within 31 days of the switch date - and you will meet the terms and get your £150!

w00519772

MARTYM8` wrote: »

Its post the switch.

So all you need to do now is pay £1,000 within the next week or two - within 31 days of the switch date - and you will meet the terms and get your £150!

Could you post a link that confirms this?

jimjames

w00519772 wrote: »

Could you post a link that confirms this?

The link already posted above?

The incentive isn't paid for 60 days so personally I'd make sure I credit £1000 every month until that is received to make sure