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Traferring a main account for first time in years

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  • stehouk
    stehouk Posts: 413 Forumite
    Sixth Anniversary 100 Posts
    As a trial first switch i would suggest switching the barclays to halifax simply because there is very little can go wrong, £125 incentive paid lightning quick time, you won't have to set any direct debits or pay in a minimum to meet t&c's unless you want the £3 per month, i've done it twice works perfect.
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
    stehouk wrote: »
    As a trial first switch i would suggest switching the barclays to halifax simply because there is very little can go wrong, £125 incentive paid lightning quick time, you won't have to set any direct debits or pay in a minimum to meet t&c's unless you want the £3 per month, i've done it twice works perfect.

    I was going to post that I'd recommend switching to Halifax first, as a stepping stone, before switching again to HSBC. There is no point missing out on the free £125 from Halifax! The OP would still need to set up two standing orders for the HSBC switch, but whether they did that while still with Barclays, or once switched to Halifax, wouldn't matter. The Halifax switching bonus is paid so quickly (and the terms and conditions so simple, i.e. switch your account) that this double switch can easily be achieved in the time scale.
  • locka
    locka Posts: 61 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thanks guys for all your help it has been much appropriated. I righting in thinking that technically my share dividends should go with me?

    I shall take the advise which as I see it is

    Switch Barclays to Halifax and then switch to HSBC afterwards. Making sure I setup two Standing orders to switch the money over.

    Next job is to work out how to invest my 40k +
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