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MSE News: 'I made £800 switching bank again and again.'

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Comments

  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    Taken from the article.

    Dec 2015. Switched from the Co-op to Yorkshire Bank – received £150.
    Dec 2015. Tried to switch from Yorkshire Bank to HSBC but gave up.
    Feb 2016. Switched from Yorkshire Bank to TSB – received £100.


    Not entirely convinced that was even possible (also not quite sad enough to check though)


  • phillw
    phillw Posts: 5,666 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ceredigion wrote: »
    Dec 2015. Switched from the Co-op to Yorkshire Bank – received £150.
    Dec 2015. Tried to switch from Yorkshire Bank to HSBC but gave up.
    Feb 2016. Switched from Yorkshire Bank to TSB – received £100.


    Not entirely convinced that was even possible (also not quite sad enough to check though)

    Yeah, I'm not convinced you could switch to YB in December and receive the cash quickly enough to start another switch in the same month.
  • phillw
    phillw Posts: 5,666 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 13 March 2016 at 10:05PM
    alternate wrote: »
    I am eyeing up that Halifax offer that is ending/changing soon but the only donor account I have is a metro cash acc (useless, doesn't even allow direct debits) that has only been open a week.

    You need to apply by March 22 but the account switch won't need to be complete then, so I wouldn't worry that the account hasn't been open long enough. I consider it bad form to request a cheque book or card reader if you're opening an account purely to switch it.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    phillw wrote: »
    I consider it bad form to request a cheque book...if you're opening an account purely to switch it.
    Sometimes you don't have a choice, eg with TSB Classic, as one is sent automatically!
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    YorkshireBoy wrote: »
    Sometimes you don't have a choice, eg with TSB Classic, as one is sent automatically!

    I never got one!
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    bigadaj wrote: »
    I never got one!
    I'm talking about their Classic account, not the Classic Plus account.
  • phillw
    phillw Posts: 5,666 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    YorkshireBoy wrote: »
    Sometimes you don't have a choice, eg with TSB Classic, as one is sent automatically!

    Yeah and Barclays online banking is practically impossible to use without a card reader, so you may have to get one.
  • la-moll
    la-moll Posts: 5 Forumite
    does anyone know if the bonus for switching gets taxed as interest?
  • castle96
    castle96 Posts: 2,998 Forumite
    Part of the Furniture 1,000 Posts
    No it does not
This discussion has been closed.
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