New joint account

OziPozy

Hi

My partner and I bank with separate banks and are looking to open a joint account to pay our household bills. Is there any accounts available that we could open jointly that would pay cashback/welcome bonus even without going through a full switch and paying salaries in?

Thanks.

Thrugelmir

Halifax pay £5 a month on their ultimate reward accounts. Only requirements are £750 paid in a month plus 2 direct debits.

YorkshireBoy

Thrugelmir wrote: »

Halifax pay £5 a month on their ultimate reward accounts.

...but they will charge you £15 a month for it, so be sure you will benefit from the insurance products.

OziPozy wrote:

Is there any accounts available that we could open jointly that would pay cashback/welcome bonus even without going through a full switch and paying salaries in?

You could look at Santander or NatWest for cashback on household bills paid by DD.
But you won't get a switching incentive without, er, switching!
No account requires salary(ies) to be mandated.

OziPozy

Thanks. I am already with HBOS (Bank of Scotland) and have a fee-free Reward Account. I presume they won't pay £5 per month simply for transferring money from one account to another?!

YorkshireBoy

OziPozy wrote: »

Thanks. I am already with HBOS (Bank of Scotland) and have a fee-free Reward Account. I presume they won't pay £5 per month simply for transferring money from one account to another?!

You presume incorrectly (so long as you pay out 2 DDs and stay in credit).

OziPozy

Thanks - sounds a winner. Think I may just recycle the cash through a few accounts spreading the direct debits!

teddysmum

No cashback on TSB (as this is for a switch), but besides the 5% interest on up to £2000, there is a 5% saving on £100 of contactless spends (now extended beyond December 2016 for new customers) each month, as well as less on credit card payments.