📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

MSE Poll: When did you last switch your bank account?

2»

Comments

  • Marvel1
    Marvel1 Posts: 7,425 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 3 December 2020 at 5:06PM
    Seeing this poll, has now made me consider changing.

    I'm with Halifiax reward and Halifax ultimate reward - seems a lot has changed since first setup - instead of reward which used to be, I'm now paying to keep the account! The reward is £3 a per month due to not putting in £1500 a month.  The ultimate one £17 a month for well, breakdown cover really. 
    - Holiday insurance not needed, lucky to go aboard every 3 years. 
    - Mobile insurance, cheaper to replace the handset second hand. 
    - Home emgenecy, after reading, doesn't seem to cover sod all.
    - Breakdown cover, only one I want and I can get it for as little as £30 a year.

    Edit: Looks a basic account it is for me, sadly no switch bonus (according to this site). The only one looked ok was Santander cashback for direct debit bills, however I pay £2 a month, but as my bills are low, I would be paying for the account.
  • I've switched several times in recent years. I've found it helpful/necessary to keep a (paper) note of DDs and Standing orders so that linked savings accounts can be maintained or closed as desired.
  • I used to change very regularly when cash for switching offers were a thing! There was a time when you didn't even need to have direct debits to move; I would just have a disposable current account that I'd sacrifice while contnuing to use my rubbish Barclays account that I've had for 20 years. No helping some people I know... :D
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.6K Banking & Borrowing
  • 252.9K Reduce Debt & Boost Income
  • 453.3K Spending & Discounts
  • 243.5K Work, Benefits & Business
  • 598.2K Mortgages, Homes & Bills
  • 176.7K Life & Family
  • 256.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.