To switch or not

el93

I have 3 current accounts (Santander, TSB and Halifax) and am thinking about switching one of them to get a better incentive deal on opening a new account. It will probably be the Halifax that I switch, but I also have several online savers and a Help To Buy ISA with them. Would switching current account affect the other accounts? Would I still be able to transfer money into an online account from an outside account?

Also, which account looks the best to switch to? I don't have any direct debits except my phone bill, but could I set up a direct debit to one of my other accounts?

Thanks in advance.

Jo_Blogs

el93 wrote: »

I have 3 current accounts (Santander, TSB and Halifax) and am thinking about switching one of them to get a better incentive deal on opening a new account. It will probably be the Halifax that I switch, but I also have several online savers and a Help To Buy ISA with them. Would switching current account affect the other accounts?
You would have to check the terms and conditions of the said investments you presently hold
Would I still be able to transfer money into an online account from an outside account?
Yes, there should be no problem.

Also, which account looks the best to switch to? I don't have any direct debits except my phone bill, but could I set up a direct debit to one of my other accounts?

The best bank [STRIKE]bribe[/STRIKE] incentive at the moment is HSBC, but you need to pay in £1750 per month into an advance current account. The money just needs to go through the account not stay There. HSBC are offering £150 to switch and another £50 if you stay with them. No direct debits needed. You also have access to a monthly regular saver @ 5%

Link: http://www.moneysavingexpert.com/banking/compare-best-bank-accounts?_ga=1.103137344.1582470996.1484186274#bonus

Thanks in advance.

Hope that helps a little

johnac

Not sure about your other savers accounts but I had a Halifax current account and I have their Help to Buy ISA.

Switching the current account away had no impact on the ISA and you can fund it from another non Halifax account.

bobobski

A bit late to the party, sorry, but assuming you're benefiting from the Halifax account why would you switch it? Why not open a donor account and switch that?