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Which banks never have switch offers

tryin
tryin Posts: 377 Forumite
Sixth Anniversary 100 Posts Name Dropper
in Budgeting & bank accounts
I am lookin for a good bank to open a 'donor account' for a switch offer. Which bank 1. never had a switch offer (so unlikely to offer in the future) and 2. is easy to open online. (Starling and monzo used already).
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Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Lloyds bank recently did have a switch offer but generally they have no offers to open an account with them.
    You can open online.
  • System
    System Posts: 178,419 Community Admin
    10,000 Posts Photogenic Name Dropper
    Metro Bank.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • abz88
    abz88 Posts: 312 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Just open up a second account with one of your current banks. I have had second accounts with RBS and Nationwide that I have used as donor accounts for switching offers and never had an issue.
  • tryin
    tryin Posts: 377 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    abz88 wrote: »
    Just open up a second account with one of your current banks. I have had second accounts with RBS and Nationwide that I have used as donor accounts for switching offers and never had an issue.
    How many times did you do that with each bank? Because I have seen reports about Lloyds making trouble for someone who did that twice.
  • abz88
    abz88 Posts: 312 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    tryin wrote: »
    How many times did you do that with each bank? Because I have seen reports about Lloyds making trouble for someone who did that twice.

    With RBS, I am onto my second "donor account". I have had my main account with them for quite a few years, opened a second account in October last year and switched it into Barclays for the double rewards offer they had in November. Just opened my second donor account with them this month (although this one won't be switched but upgraded to a rewards account once my current main account is switched over to Santander 123 for better cashback on bills when RBS rewards changes in Feb).
    With Nationwide, I have only opened a second account as a donor account once. Not had the need to do it again yet.
  • trient
    trient Posts: 201 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    I second the Metro Bank suggestion. Very straightforward to apply online (even for a second account).
    Being a bit cynical though, at the current rate they might have to run a switch promotion to recoup some business. Or sell.. they're in a pretty bad place right now.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    tryin wrote: »
    Which bank 1. never had a switch offer (so unlikely to offer in the future)
    You could argue it's just the other way round those that never had an offer could be more likely to have one [that you can make use of]. Bottom line is that it's crystal ball stuff.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    tryin wrote: »
    How many times did you do that with each bank? Because I have seen reports about Lloyds making trouble for someone who did that twice.
    where have you seen those reports? What sort of trouble did Lloyds make?
  • tryin
    tryin Posts: 377 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    Do Metro bank require you to speak to someone via webcam?
  • penners324
    penners324 Posts: 3,657 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Why do you need to keep opening donor accounts? Can't you switch one of the accounts you've already got a switch incentive from?
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