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Switching from N&P
dlpmissbunny
Posts: 3 Newbie
I have a current account with N&P which are going to be closing down. They do not belong to the switching scheme so does this mean I am not entitled to any cashback for joining a new bank such as TSB or Halifax. Their terms seem to say to me that you have to use the switching service to get the cashback. Thanks.
0
Comments
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Yes it does mean that. You won't be able to get any switching bonus.
You will probably be able to use the old-style switching scheme, sometimes called a manual switch, which means that your new bank will ask the N&P for a list of all your regular payments, but it won't close your N&P account and it doesn't come with any guarantee or automatic redirection of payments or credits. Banks won't give you a bonus for using this form of switching.0
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