Can I switch again?

Abi_Amanda

I've recently switched bank accounts and recieved the switching incentive. I find the bank I've switched to rather confusing to send money and set up standing orders. If I switch again will I have to pay back the incentive I received?

tryin

You need to give more information. Which bank did you switch to?

Abi_Amanda

I switched to HSBC advance with the £175 switching incentive.

tryin

Well if you got the money already it shouldn't be a problem. The terms and conditions only say the account needs to be open on the date they make the payment.

Most switch offers its the same. With Nationwide there is a requirement to leave the account open for at least 3 months after receiving the cash.

PRAISETHESUN

Unless your particular switch incentive says so, there is no obligation to keep the account open after receiving the switch payment. Nationwide is the only bank I know that does this, the rest typically require you keep the account open for a certain time before they pay out in the first place. HSBC will not take the money back, so feel free to switch away.