Regular savings accounts. Can i open a HSBC advance and a Natwest account?

Dannym27

Can i take advantage of the bonus introductory offer of £125 from both accounts if i open them at the same time? Moving money across from one account to fund the other minimum pay in requirements. I intend to have 2 direct debits for both accounts. 
Or do i have to close an existing current account? In which case i have 2 existing current accounts but my wage only goes into one and i pay into the second account from my first . 
Thank you
Danny

Dannym27

I know this sounds like I've answered my own question but was wondering if this is still doable or the terms and conditions of these accounts are different to what i acquired years ago. 

colsten

Your thread title suggests you want to know about Regular Savers but you don't ask any more about them. You can certainly have both, the HSBC and the Natwest Regular Savers, plus many more.

You can also do as you describe in your post, provided you have two currents you can switch, and that you are eligible for the switch bonuses under the respective terms. You can apply for any number of current accounts, whenever you like, and you don't have to switch your 'main' account (the one your salary goes into) if you'd rather keep that one where it is. Your wage would only ever be paid into one account, obviously.

Note that applying for a current account and switching a current account are two entirely separate processes, even if a bank offers you to request both on the same form. It is advisable to only request a switch when you have full access (online/mobile banking, debit card, PIN, card reader etc etc) to your new account, or at least to set the switch date to a date which allows sufficient time for all the account opening to complete. Especially with HSBC this can take a long time (>3 weeks)

eskbanker

It'll specify in the Ts & Cs of switching incentives like this that to qualify you must use the Current Account Switching Service to switch from another current account into your new one, which automatically closes the old one.  Nothing stopping you from switching two old accounts into two new ones in parallel though....

Does your reference to regular savings accounts in your title imply that (as a completely different process) you'd be planning to open regular savers with these banks if/when you get a current account with each of them?