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Can you close a current account after receiving a switch bonus?
tw89
Posts: 1 Newbie
I recently switched to Halifax and received the £100 switch bonus. Do I have to keep the account open for a certain amount of time or am I free to switch again immediately to one of the other banks offering a switching bonus (e.g. Lloyd’s)?
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Comments
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If you had to keep the account for a given length of time, the T&Cs would say so.0
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Just leave it open for the next switch offer to come along.
I switched from TSB to NatWest and only did what was necessary to get the £175 then left it dormant, now using it to switch to HSBC for £125.
So that will be £300 this year.0 -
Not a TSB account you can't. Cos they don't have the facilities to do this outside a branch. There's only the 'switch away' option
.....under construction.... COVID is a [discontinued] scam0 -
and they stand to have a whole stack of accounts being switched away in the not-too-distant future!Milarky said:Not a TSB account you can't. Cos they don't have the facilities to do this outside a branch. There's only the 'switch away' option
Somehow 0% interest isn't very appealing
Fingers crossed for some new switch deals!
Being polite and pleasant doesn't cost anything!
-Stash bust:in 2022:337
Stash bust :2023. 120duvets, 24bags,43dogcoats, 2scrunchies, 10mitts, 6 bootees, 8spec cases, 2 A6notebooks, 59cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82
2024:Sewn:59Doggy ds,52pyramids,18 bags,6spec cases,6lav.bags.
Knits:6covers,4hats,10mitts,2 bootees.
Crotchet:61angels, 229cards=453 £158.55profit!!!
2025 3dduvets0 -
https://www.tsb.co.uk/help-and-support/general/close-account/Milarky said:Not a TSB account you can't. Cos they don't have the facilities to do this outside a branch. There's only the 'switch away' option
You can fill out an online form, or post them a paper copy. I've used this process to close savings accounts in the past and in typical TSB fashion their online form didn't want to work for me, so I ended up just sending them something in the mail. Pretty painless apart from that though. I agree that it's probably better to just switch away to another bank for an incentive though!
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