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How soon before switching?

aparky85
aparky85 Posts: 36 Forumite
in Budgeting & bank accounts
What's the etiquette on opening new accounts and switching to other banks? Is there a certain amount of time an account has to be active before it can be switched? Bank 1 will obviously know you've used them when you switch to bank 2, but are there any rules to govern this?

Comments

  • okydoky
    okydoky Posts: 267 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    It's really all about the t and c's - if there is no minimum specified then you are free to switch whenever you want, etiquette really does not come into it in my view!
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Seventh Anniversary 500 Posts Name Dropper
    What's the etiquette for a bank in charging a customer an unauthorised overdraft fee? How long is it good manners for the bank to allow the customer's account to be overdrawn before a fee is applied? A week? Two weeks? Until payday?
  • aparky85
    aparky85 Posts: 36 Forumite
    Deleted_User wrote: »
    What's the etiquette for a bank in charging a customer an unauthorised overdraft fee? How long is it good manners for the bank to allow the customer's account to be overdrawn before a fee is applied? A week? Two weeks? Until payday?

    Good point, well made :)
  • darkidoe
    darkidoe Posts: 1,129 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    No etiquette. It's the wild west out here.:cool:

    Save 12K in 2020 # 38 £0/£20,000
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