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How soon after opening an account can you switch?

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Hi

I recently opened a bank account with the intention of using it as a switching mule but I was just wondering if there was any rules as to the timing of opening an account and then switching?

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  • twiglet98
    twiglet98 Posts: 886 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Maybe read down the page a bit... the same question was asked and answered yesterday!
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    Here is a search of the posts already asked so you should get your answer here.

    http://forums.moneysavingexpert.com/search.php?searchid=175700881

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • badger09
    badger09 Posts: 11,594 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Westie983 wrote: »
    Here is a search of the posts already asked so you should get your answer here.

    http://forums.moneysavingexpert.com/search.php?searchid=175700881

    Westie983

    That link doesn't work for me Westie, but I know I answered the same question yesterday.
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
    As long as the terms and conditions of your existing account don't require you to keep it open for a specific period of time (as the result of gaining some sort of incentive) then you can initiate a switch as soon as you have the account details. I would advise waiting for the debit card to arrive, as you will be asked for the number. Some people report having successfully switched without it, but there is no guarantee that it will work if you try.
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