Bank Switching Incentive

Stephen7372

I would like to switch bank accounts for an incentive. I've set up an account with Lloyds for this purpose. It has two direct debits.

I couldn't find an appropriate discussion catergory.

sourcrates

Then allow me.

eskbanker

Stephen7372 said:

I would like to switch bank accounts for an incentive. I've set up an account with Lloyds for this purpose. It has two direct debits.

Now all you need to do is find a time machine that'll take you back to when there were switching incentives available, six months should do it!  Or wait until economic conditions improve sufficiently for them to be on offer again, but I suspect that'll be more than six months....

Zanderman

Stephen7372 said:

I would like to switch bank accounts for an incentive. I've set up an account with Lloyds for this purpose. It has two direct debits.

You're a bit late.
The switching bonanza party crashed and burned several months ago, after being the rave of choice for many for some years.  
But at least you're ready for the next one, if there ever is one.

fatbelly

You can still get £50 from TSB via Quidco
https://www.quidco.com/tsb-current-account/

tryin

fatbelly said:

You can still get £50 from TSB via Quidco
https://www.quidco.com/tsb-current-account/

No need to switch for that offer, just open an account through Quidco and follow the terms and conditions for offer.

Zanderman

fatbelly said:

You can still get £50 from TSB via Quidco
https://www.quidco.com/tsb-current-account/

tryin said:

No need to switch for that offer, just open an account through Quidco and follow the terms and conditions for offer.

Indeed, that's not a switch offer, and it would be a waste of the OP's new switchable account to switch it for this.

Far better for the OP to open a TSB Classic Plus account via quidco to get the £50 and then keep that account, as well as the Lloyds one, until incentivised switches return. then the OP would have two accounts to switch, when the good times return.  And be £50 up in the meantime.

Frogletina

The best way to make money with switching now is to complain when they get it all wrong. I've spent hours on the phone tonight trying to sort one of my switches out. I've made a complain about the incorrect information given to me after speaking to 3 advisers already.today. It doesn't help when you ring the number that Lloyds gives you to contact them on and the message you get is to choose between Halifax and Bank of Scotland. Oh, I know Lloyds is in the same group, but why is that option not given, and I've been told the department I want is: 
1,asked on chat line, told open till 11, rang, after 30 mins with adviser, put in another queue, dept closed.
2, rang again, told open till 8, after 2 mins with adviser, put in another queue, dept closed  
3,rang to complain, ok, the third didn't give me a time, just put me a queue which said to call before 5.
4, rang to complain, told correct closing time for dept is 5, and to ring tomorrow, but I wanted him to log a complaint - this took over an hour - with all the wait times I told him I'd spent about 3 hours on the phone today alone, I was with him for an hour of that time..

He asked what would resolve my complaint - I said compensation for today's 3 hours, better training, plus amending the message when you call the number to advise that they deal with Lloyds too would help! Plus sorting my Switch! I

So I got an offer of £36 for my 3 hours on the phone - £12 an hour. But I've still got to try to sort my switch out tomorrow!

tryin

Cool. I know a guy who was put on hold by Lloyds for a full hour when calling from abroad. They paid him £1 a minute, because they assume calling from abroad costs. (He was on a contract, didn't pay a penny for it!)