Nat West

xlnc99

YorkshireBoy wrote: »

Well they made me £1,650 a few years ago when YB/CB ran a lax switching promotion.

And then another £1,000 between the two of us when Santander ran a lax switching promotion in early 2019.

And then...well you (should) get the picture.There you go again. Just because you don't get it, it doesn't mean it's bizarre. Incomprehensible (to you) perhaps, but not bizarre.

This is even more bizzare! I was not replying to you i was replying to the poster above, so not sure why you taken those quotes and used them in your own example. Your example is different to the posters above. He said he doesnt care if the accounts get closed or not and doesnt want to put any money in them! My question was, what was the point in opening in the first place then

Pennywise

I've got several bank accounts. Some havn't had any transactions for 2 or 3 years. Banks havn't closed them or made them dormant. I like to have a safety net in case a particular bank's system is down, and also to keep loyalty/history active for potential future needs from each bank, i.e. loans, mortgage, credit card, etc.

YorkshireBoy

xlnc99 wrote: »

This is even more bizzare! I was not replying to you i was replying to the poster above, so not sure why you taken those quotes and used them in your own example.

Because they're relevant to the point being discussed.

Your example is different to the posters above.

I don't think it is.

He said he doesnt care if the accounts get closed or not and doesnt want to put any money in them!

Neither do I (care), so still relevant.

My question was, what was the point in opening in the first place then

Because at one time they were paying decent interest.
Because at one time they were opened simply for a switching benefit...and nothing else.
Because they were opened in readiness for any switching offer that came along, and one hasn't come along yet.
Because...

Clearer?

northwalesd

They are pen because, as YorkshireBoy says, they either paid interest and/or provided a nice opening/switching incentive.

I only replied because YOU (xlnc99), initially said you HAD to cycle money through all accounts that were open, I was trying to show you that's not the case (and I see you've now backtracked on the HAVE TO)

He said he doesnt care if the accounts get closed or not and doesnt want to put any money in them!

Can you point me to the post in which I made the second part of that statement? If you can't, then please stop making things up!

adindas

xlnc99 wrote: »

Of course you dont have too, but in the long run they may close them down. IF you are not bothered about them closing them down then why on earth have you got them in the first place? i assume its because of a back up account. If this is the case then why not transfer at least some small amounts, do some standing orders from the bank to show money coming in and out back to your main account.

In the long run it looks better for you and your relationship with the bank incase you ever need to use them! I mean it takes 5 mins to set up a few standing orders and you never have to log in again to the banks

Quite bizzare response from you in all honesty

If there is no funding requirement, and you are worried that you AC will be closed because of inactivity, then why not make a monthly one way standing order of £1 (say) to each of your spare account from your main account. You do not need to do it in and out SO each month as doing this you are taking unnecessary risk of overdrawn.

You just need to log in once a year to monitor your spare accounts and also use it to transfer the money of £12 (say) back to your main account. Doing this will cost you almost nothing in term of your time.