Top Bank Accounts Discussion Area

bullinn1

excellent thanks Consumerist, good of you.

Connie

Is it possible to switch (for the sake of a switching incentive!) an account with a zero balance?

Consumerist

Yes. You may also have to switch some direct debits but the switched balance is irrelevant.

Connie

OK, thanks, Consumerist.

giraffejoe

My switch was completed earlier this week, and I have just been paid my incentive. Is there anything stopping me from initiating another switch to another bank straight away to get another incentive, so long as I meet their T&C's? Can't see anything about a minimum amount of time I must have the account open, but I have only had it open 10 days or so.

castle96

no problem - go for it!

menaistrait

Halifax account. To qualify:

• Spend £500 on your debit card each month

^^The Halifax website say you have to spend it on  your card... ie at retailers

the MSE website just says " and either spend £500+/mth or keep £5,000+ in the account "  implying a bank transfer would work.

just pointing it out as a dealbreaker for me.  and I can't get the perc of the others

gt94sss2

menaistrait said:

Halifax account. To qualify:

• Spend £500 on your debit card each month

^^The Halifax website say you have to spend it on  your card... ie at retailers

the MSE website just says " and either spend £500+/mth or keep £5,000+ in the account "  implying a bank transfer would work.

You either need to spend £500 on your debit card each month or keep a balance of £5,000+ in the account to get the monthly payment.

You can only choose one option and you are stuck with it for the year 

A £500 bank transfer wouldn't work.

schiff

A deposit to Skipton via the debit card does.

polymaff

menaistrait said:

Halifax account. To qualify:

• Spend £500 on your debit card each month

^^The Halifax website say you have to spend it on  your card... ie at retailers

Or, do what I did this morning.  Fund an NS&I Direct Saver with £500 using your Debit Card.

Then pull the funds out, if you want to, after the funds have cleared (about 10 days later).