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Opening new current account just to switch?

Hi,

A quick question I'm sure someone with experience can help answer before I action this.

I want to retain my main current account but open a second to then switch to another bank so I can gain their switch bonus and then access their regular saver product.

Is it as simple as opening a standard current account (with my current bank or a new one) and then immediately triggering the switch process to the new provider?

Or do they block these things?

Thanks

Rick

Comments

  • bsms1147
    bsms1147 Posts: 2,290 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Yep, that's the way to do it.
  • Socajam
    Socajam Posts: 1,238 Forumite
    1,000 Posts Second Anniversary Name Dropper
    I was reading about NatWest and it states that you have to despot 1500 pounds in your account monthly.
    I believe you also make 2% on all the debits leaving your account monthly.
    I think you should read the small print and then decide.
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