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Nationwide switch bonus query

fenwick458
fenwick458 Posts: 1,522 Forumite
Part of the Furniture 1,000 Posts Name Dropper
edited 12 January 2020 at 2:34PM in Budgeting & bank accounts
I recently switched an account to nationwide to get the £100 bonus, which I got in about early December.

I know there is a clause on their t's & c's saying if you close the account down in the first 3 months without good reason, they will recover the £100 from me and the person who referred me, but what would happen if I was to move the DD's to another account?

I have £5k in club lloyds to get the interest but just realised i'm not actually getting the interest because I don't have 2 x DD's set up, but I've ran out of direct debits they are all in use elsewhere

Comments

  • tryin
    tryin Posts: 377 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    I and some people I referred cancelled direct debits after we received the money, never had any problems
  • there is nothing in T&C that says you need to keep DD after getting bonus. I also checked this with Nationwide when I switched to them.
  • I switched a Barclay's account into my existing Nationwide account, got £100, then canceled the two direct debits that were carried forward from the Barclay's account with no problems.
    :o
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