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Transferred my TSB accounts to N/wide and transferred them back to TSB to get bonus

Mchambers
Mchambers Posts: 1,054 Forumite
in Budgeting & bank accounts
The 1st switch will get the £130 switching bonus and the 2nd switch will get me 3% interest plus at least £5 per month.

Very easy work.
«1

Comments

  • Kim_13
    Kim_13 Posts: 3,749 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    Mchambers wrote: »
    The 1st switch will get the £130 switching bonus and the 2nd switch will get me 3% interest plus at least £5 per month.

    Very easy work.

    The £5 per month is limited to customers who haven't held a Classic Plus account with them before 1st March 2017, so it sounds as though that would exclude you. See here: https://www.tsb.co.uk/cashback-terms-and-conditions.pdf

    You would get the 3% interest only, and it is not guaranteed that TSB would accept you again. Do you have an account elsewhere that you don't want/need/use that you could switch instead?
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Seventh Anniversary 500 Posts Name Dropper
    Mchambers wrote: »
    The 1st switch will get the £130 switching bonus and the 2nd switch will get me 3% interest plus at least £5 per month.

    Very easy work.

    The first switch WILL get you £130 in terms of the T and C's.
    However, when you switch back to TSB you are (if the T and Cs are operating correctly) EXCLUDED from the £5 plus £5 per month (for 2 paid DDs and 20 debit card transactions pcm) You will NOT be excluded from the monthly interest on up to £1500 (as long as you meet the funding condition plus paperless).
  • Mchambers
    Mchambers Posts: 1,054 Forumite
    Okay. If I don't get the £5 per month. We will see as/when the switch completes. If I don't get £5 each month, no worries as I will be in exactly the position that I was in a few weeks ago with 2 accounts earning 3% interest, except I will get a £130 bonus.

    Nice and easy.
  • badger09
    badger09 Posts: 11,701 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Mchambers wrote: »
    Okay. If I don't get the £5 per month. We will see as/when the switch completes. If I don't get £5 each month, no worries as I will be in exactly the position that I was in a few weeks ago with 2 accounts earning 3% interest, except I will get a £130 bonus.

    Nice and easy.

    That's assuming TSB will have you back.

    If they won't, I'm sure you'll complain:cool:
  • Mchambers
    Mchambers Posts: 1,054 Forumite
    badger09 wrote: »
    That's assuming TSB will have you back.

    If they won't, I'm sure you'll complain:cool:

    Already been accepted. Know my sort codes and account nos,
  • teddysmum
    teddysmum Posts: 9,529 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Mchambers wrote: »
    Already been accepted. Know my sort codes and account nos,



    They can still close your account at any time, without giving a reason.
  • Mchambers
    Mchambers Posts: 1,054 Forumite
    teddysmum wrote: »
    They can still close your account at any time, without giving a reason.

    Then I will complain especially if they don't give a reason.
  • Shakin_Steve
    Shakin_Steve Posts: 2,819 Forumite
    Ninth Anniversary 1,000 Posts Photogenic Name Dropper
    Mchambers wrote: »
    Then I will complain especially if they don't give a reason.
    You won’t forget to ask for a goodwill payment, will you? :)
    I came into this world with nothing and I've got most of it left.
  • Mchambers
    Mchambers Posts: 1,054 Forumite
    Shakin_Steve wrote: »
    You won’t forget to ask for a goodwill payment, will you? :)

    Good idea :D !
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You won’t forget to ask for a goodwill payment, will you? :)
    Mchambers wrote: »
    Good idea :D !
    :rotfl::rotfl::rotfl::rotfl::rotfl:
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