Best way to switch my flexdirect?

Guillermo_Miguel

Hi there,

My flexdirect is almost a year old, so time to switch it. Along with this, I also have a linked flexclusive regular saver about to mature.

I would like to open another flexclusive saver - though I know it's halved to £250/month now but just wondered the best way to go about this.

Was thinking to switch the flexdirect to get a switching bonus (to tsb/coop/m&s), then to open a new FlexAccount (as I won't be able to open a flexdirect for another year) in order to get a new flexclusive saver.

Has anyone done a similar thing?

Additionally, I have not been using direct debits on the flexdirect, but was planning to add some to it before the switch. Will this be okay to obtain a switching bonus?

Many thanks in advance.

YorkshireBoy

Guillermo_Miguel wrote: »

Was thinking to switch the flexdirect to get a switching bonus (to tsb/coop/m&s), then to open a new FlexAccount (as I won't be able to open a flexdirect for another year) in order to get a new flexclusive saver.

That won't work. Suggest you check the eligibility criteria for the Flexclusive regular saver.

Additionally, I have not been using direct debits on the flexdirect, but was planning to add some to it before the switch. Will this be okay to obtain a switching bonus?

Yes. Why wouldn't it be?

xylophone

I think you could open a Flex account now. Immediately credit with £750 from non NW account - you can transfer £749 out again as required.

Do the same again on 1 Sept and 1 Oct and thereafter.


Keep your Flexdirect open at year end and open new Flexclusive Saver.

Transfer Flexdirect account (with your DDs set up on it) after 1 Oct.