Current account switch - min pay in work around

oloroso101

Hi,

This has probably been addressed before regarding the minimum pay in to receive the switching bonuses of £100-£150.

If I need to pay in a minimum of £1000 a month to get the current account switch bonus, can I just transfer it in from another one of my accounts and then transfer back out again?

I have two current accounts, so can I keep my main account and switch the second account over for this purpose?

Thanks all

TheShape

Yes and Yes.

You can do manual transfers of the money or set up standing orders.

Check wether the account you switch has to have Direct Debits attached.

badger09

oloroso101 wrote: »

Hi,

This has probably been addressed before regarding the minimum pay in to receive the switching bonuses of £100-£150.

If I need to pay in a minimum of £1000 a month to get the current account switch bonus, can I just transfer it in from another one of my accounts and then transfer back out again?

I have two current accounts, so can I keep my main account and switch the second account over for this purpose?

Thanks all

Generally yes. However, if both your current accounts are with the same bank, this might not work (eg Nationwide and Santander).