Bank account switch deal with low/no minimum monthly pay-in?

greensalad

Partner and I have a Barclays account which we use for our groceries, dinners out, cinema, and household purchases for the two of us. It has a very low monthly pay-in at about £400. No DD's.

Are there any bank accounts that offer a switch deal with no minimum pay-in per month to activate? We're not getting any value from Barclays so I figured if there is a switch deal out there we can take advantage of (even if it's just a voucher or something) we might as well. And I've had positive experiences with CASS so I know it's not a painful process.

I know that we could probably fiddle around with the DD's from other accounts and add them here etc but I don't really want to complicate our financials for the sake of a switch bonus but wondered if there was anything we could take advantage of?

takman

If you don't want to add any direct debits or change the pay in amount then there isn't any switching bonus you can take advantage of.

But minimum pay in amounts are irrelevant because you can just pay in the money and transfer it back out each month in a few minutes.

Direct debit requirements can be met by using Tesco online savings accounts.

So depending on how much effort you want to put in then you can get anything from £0 to thousands of of pounds a year by doing multiple switches and getting the best rate on your savings. Which doesn't take much time at all.

Westie983

You could switch to the halifax for £75, no need for DD, but there is a monthly payment of £750 if you choose the reward current account to get £3 a month reward, but this could be just in and out, if you don't pay in £750 then you just dont get the reward.

https://www.halifax.co.uk/bankaccounts/switch-to-halifax/

Westie983