switching incentives for joint accounts

fenwick458

Is this available for joint accounts, and if so with who?
can you get one incentive for a sole account and one for a joint account from the same bank?

YorkshireBoy

fenwick458 wrote: »

Is this available for joint accounts, and if so with who?
can you get one incentive for a sole account and one for a single account from the same bank?

Q1. I've only ever seen two offers specifically exclude joint accounts. But switching a joint is just throwing money away! See below.

Q2. I'm reading between the lines (because you didn't proof read before posting) but the answer is no.

jonesMUFCforever

You can get an incentive from any bank as long as you switch a joint account to a joint account or sole to sole.
I think you will only get one incentive per bank per person but check the terms and conditions first to see if you can find any loopholes.

Geht_fit

I've switched 2 joint accounts this year. Lloyds to HSBC, and Co-op to Barclays. This makes sense for us, as we pay 2 direct debits out of each account. We gained switching bonuses with both accounts.

PRAISETHESUN

Usually you can switch a joint account for an incentive. However, as most offers typically pay only 1 incentive per account AND per person, this will disqualify BOTH account holders from receiving further incentives. The best way to maximise switching incentives is usually to both open a sole account each and switch, receiving 2x incentives total, and once the incentives have been paid subsequently make one of the sole accounts into a joint one.

soulsaver

PRAISETHESUN wrote: »

Usually you can switch a joint account for an incentive. However, as most offers typically pay only 1 incentive per account AND per person, this will disqualify BOTH account holders from receiving further incentives. The best way to maximise switching incentives is usually to both open a sole account each and switch, receiving 2x incentives total, and once the incentives have been paid subsequently make one of the sole accounts into a joint one.

Note that Lloyds (and maybe others) require a branch visit by both to convert a solo ac to a joint.

Strangely Halifax don't, IIRC.