Co-op bank Everyday rewards - Changes from 1st August 2020

financialbliss

I'll update post 1 to suggest this isn't going ahead - I suggested as much the other day, but I've got the PDF that I downloaded at the time still... 

colsten

margaretx9 said:

colsten said:

margaretx9 said:

The Halifax reward changes aren't happening until 1 July - and those details are clearly posted on the webpage.

Many people are of the view that the Halifax changes will happen on June 1 for those who have letters to that effect. See the Halifax thread for the relevant discussion.

The Halifax website says 1 July - and has for weeks? And you need to tell them by 12 June if you want to keep a rewards account - or you automatically revert to a basic Halifax account on 1 July. So you need to opt in - its not automatic.
If the decision deadline is 12 June - how can they changeover on 1 June? 
I would trust the website - in two places - over emails.
https://www.halifax.co.uk/bankaccounts/reward-extras/

Yes I know - see the Halifax thread for discussion.

bristolleedsfan

I had this reply today by secure message, I  replied asking what date changes come into effect reply I received June 1st as far as they know, I have replied again mentioning replies to me contradict reply someone else has had.

Ghostcrawler

my communication has been different, now that I have this in my message box not going to be bothered anymore.

bristolleedsfan

3rd Secure message reply today states "no planned changed at this time any changes should they occur will be notified formally to all customers"

gjs1701

I've just applied for the Coop account on the basis of the rewards. since the interest rate on my Flex Direct and all their savings accounts plummeted.  I'm just waiting for details through the post.

keiran

Now on the Coop bank website 

1. """We are making some changes to Everyday Rewards from 1st August 2020. You’ll be able to be rewarded up to £5 each month (£2 for qualifying plus an additional 5p for each debit card transaction, up to the maximum of £3). Please read our Everyday Rewards benefits and summary of changes 1st August 2020 document."""

https://www.co-operativebank.co.uk/assets/pdf/bank/currentaccounts/everyday-rewards/benefits-document.pdf

financialbliss

@keiran - thanks for that. Reference on page 3 of your linked document -  "MKT89260 12/2018"  - exactly the same as I have on the stored version from March. I'll update post #1

Ghostcrawler

what a shambles and here we go again!! Hope they delay it again.

Shedman

Glad I went to all the bother of setting up a replacement DD in order to keep the £4...for whole 2 months longer .

Oh well one more account that can go dormant waiting for the remote chance of a switching bonus (another Santander style switch incentive fest would be good then we could have a right good cull of now pretty pointless accounts )