We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Move to Co-op, should I be worried?
Options

KateHockaday
Posts: 1 Newbie
Hi all,
Having looked through MSE we decided to take advantage of the switch offer with the Co-op Bank and move our joint account across. We've signed the mandate and this is happening as we speak.
However, given the recent news, is it a really awful idea to change?
We don't have any savings in that account, its purely for rent and household direct debits.
Thanks!
Having looked through MSE we decided to take advantage of the switch offer with the Co-op Bank and move our joint account across. We've signed the mandate and this is happening as we speak.
However, given the recent news, is it a really awful idea to change?
We don't have any savings in that account, its purely for rent and household direct debits.
Thanks!
0
Comments
-
The recent news is merely that the Coop Bank is needing investment and is for sale.
There's no suggestion that the bank is in any danger of collapse. Or that having an account with them is unwise.
If floods of people leave because they think it's in danger then it might become in danger!
But if you are happy with the bank as it is just stay, and see what happens. I see no reason to worry at all.0 -
PS Have a read of this thread for more background info: https://forums.moneysavingexpert.com/discussion/56023090
-
Switch to Co-op, get the £110, switch to another bank (and get another bonus if you play your cards right).0
-
I just left the co-op. All gone smoothly and got £100 for switching to Nationwide.I came into this world with nothing and I'm gonna leave with nothing.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.4K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards