Worst Bank accounts to open..so I can close them and switch!

blueowl99

Odd request, I know, but what bank accounts would you recommend to open for the sole purpose of switching them in a month or so to a new account that gives a hefty cashback reward? I don't want to open an account with Coop for example as I can switch to that account and get a decent amount. So what accounts rarely offer an incentive to switch?

Thanks

xylophone

Barclays?

Natwest?

realaledrinker

Well as there are only 4 banks offering a switch bonus at the moment, you have plenty of choice.

Afraid you are being the curve somewhat

YorkshireBoy

realaledrinker wrote: »

Well as there are only 4 banks offering a switch bonus at the moment...

I believe there are 5 banks plus a building society.

[Deleted User]

As far as I know, RBS/Nat West Group have never offered a switching incentive, and are unlikely to do so in the near future given their history/current ownership. Also, Barclays seems to think that cash incentives are beneath their rather posh image, so I suspect that they won't ever do them.

kingrulzuk

I will say RBS, Barclays, Natwest.

Perelandra

... and I suspect I know the answer to this, but-

Are there any banks which offer a joining bonus, rather than a switching bonus? So ones where you can get some incentive just for signing up without switching an existing account?

colsten

None.

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System

They are probably working on the basis that most (adult) customers worth acquiring will have a current account to switch.

They usually give the freebies to under 18s or students.

Perelandra wrote: »

... and I suspect I know the answer to this, but-

Are there any banks which offer a joining bonus, rather than a switching bonus? So ones where you can get some incentive just for signing up without switching an existing account?

Anthorn

For opening and closing in a month: Lloyds Bank. Get them before they get you

bigadaj

The imutual sign up bonus for Santander still seems to be available.