Best no hassle donor accounts?

DJSINGH

Hi all,


Soon I will be creating accounts for the purpose of switching.
My first task will be with Nationwide Flex, so I get the £100 friend referral bonus and use account for a year (5% rate)


I don't want to mess around with my current bank, Santander.


Any suggestions on good hassle free banks to create donor accounts with?
I already hold a NatWest Everyday Bank account, which I use. Is it possible to open another one these, or do banks only usually let you open a single account of each type?

xylophone

Just open another account with Santander and use that?

hgt

It's probably easier to open an additional account with one of the banks you're already with as then you don't have all the hassle of additional ID checks or registering for online banking etc.... So in your case probably Santander or Natwest would be best. Once open, move a couple of DDs to it (or open a Birmingham Midshires and a Post Office savings account to manufacture a couple of DDs), let them pay out at least once, then open the account with Nationwide and request the switch.

The Nationwide account is great, when the time comes, feel free to drop me a PM if you need someone to recommend you to Nationwide.

18cc

You can apply online for TSB account and if successful they give you the sort code and account no there and then. You can they pay in some money.

When the debit card arrives call their internet banking and get them to register you for internet banking ie don't wait for the so-called access code to arrive in the mail chances are it won't work anyway.

SlovakianGuy

Definitely Metro bank. You can open it online very easily and start using it immediately.
Once you've opened your first account, you can open another one just by clicking on the "Open another account with Metro Bank" button which you can't miss. I've opened 2x Metro in about 10-15 minutes.Maybe I could open a third one, but 2 was enough for me at the time

SlovakianGuy

Also Starling and Monzo are very easy to open. Very quick and no paperwork at all.
But you can only have one account with each of them. You can start using Starling immediately after successful registration. With Monzo you have to wait for your debit card, usually 2-3 days.

trient

I opened a second account with Metro Bank but got credit checked even though I did not apply for an overdraft and I did not have one in the first account either. Felt rather wrong. So in that sense, Starling is better IMHO as they don't do a hard check on account opening.

SlovakianGuy

Yeah, that's true. However, two searches from the same bank in one day should only count as one.
And yes, neither Starling nor Monzo do hard check when you apply. Also Post Office have told me they don't do a hard check but I haven't tried. Once I tried to open a savings account with PO but it looked like too much hassle, so I decided I don't want anything from PO. It's obviously a dinosaur bank that requires loads of paperwork and sending verified documents by post, omg...

trient

FWIW I opened an online saver with PO a couple of days ago and was surprised how smooth and quick the process was. And the DD is already showing up in my donor account