new to switching game

nikanika0

Hello, can you advise me please?
Last time a switched was in 2012 from RBS to HSBC, I never had any problems with HSBC and I regard them as a great bank. However I would like to cash on switching bonuses available.
I have:
HSBC bank acc as my main salary/bills acc with overdraft(never used) and Credit card
Nationwide Flexdirect acc with RS maturing next month, Credit card, mortgage
I would like to switch:
HSBC=> NatWest Reward as my main salary/bills acc, no Credit card
Nationwide => First Direct 1st acc for RS 5%, no Credit card
and TSB Classic for 3% and saver 2%
I am being paid weekly, so all major DD going out on 1st of the month, I want to keep existing cc no new ones.

What do you think? it's a bit of hassle just typing this got me stressed.

Zero_Sum

Wouldnt bother with TSB 2% RS.
If you're just after another RS, Virgin have a 3% one.

Another bank a/c if recoment is co-op everyday rewards for small contactless purchases. Ideal for using down the pub. £4 a month reward plus 5p cashback on upto 30 debit card transactions. So upto an additional £1.50

You do need 4 DD's but this can be achievd by opening a post office online saver & setting a weekly DD for £1.

N1ckS

You could maybe look at the Santander 123 or 123 Lite instead of Natwest if for example there was a more convenient branch nearby, although the switching reward isn't nearly as good as that currently on offer for Natwest.

Willing2Learn

Re the HSBC switch. If it were me, I would hold on to that account, to make use of their Regular Saver account as it pays up to 5% APR interest depending on which current account you have. I would then open a second HSBC current account to use as a donor for the switch...

Emily_Joy

I wouldn't switch from the bank you are happy with just for incentive. It is much more sensible to open an account with another bank which offers incentive to existing customers or the one which doesn't offer switching bonuses at all and switch it. You don't need to switch at the time of opening the account so in theory you can open both accounts on the same day and then switch one of them.

ET18

Very easy to open a monzo / starling account for switching

Saeed

ET18 wrote: »

Very easy to open a monzo / starling account for switching

These are the new banks and are sticking it to the banksters who cost us tax payers billions by committing mortgage fraud, please avoid abusing them.

Open a tesco/asda/post office account and hit these greedy gits with the admin costs.

dcs34

Saeed wrote: »

These are the new banks and are sticking it to the banksters who cost us tax payers billions by committing mortgage fraud, please avoid abusing them.

Open a tesco/asda/post office account and hit these greedy gits with the admin costs.

You ever looked up the people who started and financed these "new banks" :cool:

Zero_Sum

Saeed wrote: »

These are the new banks and are sticking it to the banksters who cost us tax payers billions by committing mortgage fraud, please avoid abusing them.

Open a tesco/asda/post office account and hit these greedy gits with the admin costs.

Have you ever had any of these accounts?
PO is ran by bank of Ireland & are woeful
Tesco despite not having actual branches dont have a current account customer service. You need to ring something like credit cards, then have a bit of a moan that there isnt a current account option & hope to be transfered somewhere. Now that theyve got shot of the 3% rate, a bit pointless.
And i dont think Asda do current accounts