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Tesco bank account - switch bonus?
tara747
Posts: 10,238 Forumite
I'm thinking of opening a Tesco current a/c to earn 3% on £3,000. Have they ever offered a switch bonus? I do like to earn a switch bonus so I'm trying to decide if it's worth waiting for the next one :rotfl:
Get to 119lbs! 1/2/09: 135.6lbs 1/5/11: 145.8lbs 30/3/13 150lbs 22/2/14 137lbs 2/6/14 128lbs 29/8/14 124lbs 2/6/17 126lbs
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.73
Save £180,000 by 31 Dec 2020! 2011: £54,342 * 2012: £62,200 * 2013: £74,127 * 2014: £84,839 * 2015: £95,207 * 2016: £109,122 * 2017: £121,733 * 2018: £136,565 * 2019: £161,957 * 2020: £197,685
eBay sales - £4,559.89 Cashback - £2,309.73
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Comments
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I don't think they've ever offered one, so don't hold your breath;).0
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They have never offered a switch bonus. They pay 3% on £3000 and had a rush of applicants for their current account earlier in 2017, so much so that they had to close it to new applicants for a while and then introduced stricter terms for new accounts (minimum monthly deposit plus 2 DDs per month). Unlikely that they will ever offer a switching bonus while their current account offering remains so far ahead of the field.0
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They did offer a few thousand Tesco Clubcard points once briefly but as stated above I wouldn't hold your breath for that coming back.0
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I received 2500 points* about a year ago for switching an account to Tesco. This was offered after the Tesco account had been open for a few weeks.
*Fairly sure that was the amount.0 -
Actually the requirement is for 3 DDs per month.The journey of a thousand miles begins with one step.0
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Correct... and not from a Tesco savings account...Actually the requirement is for 3 DDs per month.0 -
I think I had a whole 1k of Tesco points for completing a questionnaire (from Tesco bank) sometime- maybe last year.
Have never seen a switch deal.....Being polite and pleasant doesn't cost anything!
-Stash bust:in 2022:337
Stash bust :2023. 120duvets, 24bags,43dogcoats, 2scrunchies, 10mitts, 6 bootees, 8spec cases, 2 A6notebooks, 59cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82
2024:Sewn:59Doggy ds,52pyramids,18 bags,6spec cases,6lav.bags.
Knits:6covers,4hats,10mitts,2 bootees.
Crotchet:61angels, 229cards=453 £158.55profit!!!
2025 3dduvets0 -
As another poster said, Tesco's only switching incentive has been some Clubcard points. It was an individual offer, not one that was open to everyone.
I was offered one towards the back end of 2015 after opening an Internet Saver. At 1.2% for a year it may be worth opening one and seeing if anything comes your way.0 -
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