Natwest or TSB?

linuxpenguins

Which would be best for a current account for £150 spends per month only. No direct debits will be on this account

grumbler

Define "the best".
What's wrong with Nationwide? (Current Account.. Which?)

linuxpenguins

Happy with Nationwide - Just thought it would be a bit easier if I had a second account with a different bank to distinguish

YorkshireBoy

Could you deposit £500 each month and immediately withdraw £350, to leave your £150 "spends"? If so, TSB...with the right account of course.

linuxpenguins

Thanks YorkshireBoy

Where does the £500 come into it?

YorkshireBoy

linuxpenguins wrote: »

Where does the £500 come into it?

See the TSB website. You're looking for the Plus account. That's why I said to choose the right account. May as well make some interest on your cash before you spend it...and cashback on it when you do!

linuxpenguins

That's actually a good idea..

I could perhaps do a standing order of £500 in and then £350 straight back out?

I assume £500 is the amount to be funded to get the cashback offer?

YorkshireBoy

linuxpenguins wrote: »

I assume £500 is the amount to be funded to get the cashback offer?

Indirectly. If you don't have a Plus account you can't get cashback. If you don't fund £500 (and comply with the other account T&Cs) monthly you don't have a Plus account!

linuxpenguins

Ill open a plus account now..

and I plan to transfer £500 in and £350 out each month - That's okay isn't it?

Is there a timeframe as I don't get paid til 25th

mt99

I believe you have to deposit £500 per calendar month (ie between 1st and end) so paying in on 25th will be OK - someone correct me if I am wrong.

linuxpenguins

Thanks

I assume it is fairly quick and easy to open an account?