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Switch haul

Ed-1
Ed-1 Posts: 4,022 Forumite
Part of the Furniture 1,000 Posts Name Dropper
edited 13 November 2020 at 2:40PM in Budgeting & bank accounts
https://www.moneysavingexpert.com/news/2020/11/-we-made-p960-by-bank-switching-thanks-to-martin-and-mse-/amp/

It's strange that MSE haven't heard of the thousands of pounds that people on their own forum have made by switching, sometimes through a single offer. These figures that they quote always seem a bit lame!

Comments

  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    It's probably for the better.

    I did notice, though, that the author of the article did not mention that it can be rather risky to request a switch before you haven't got full access to the new account. Whilst this isn't an issue to the seasoned switchers who are hanging out on this forum, it can end in tears for those who are switching their one and only account. 
  • born_again
    born_again Posts: 23,745 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    And if it is a link on the MSE site that you use. MSE also get a nice kickback for you using the link.
    That is how ML made so much money....
    Life in the slow lane
  • Ballard
    Ballard Posts: 3,009 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Hopefully this thread will prompt people to tell us how much they've made from switches over the years. That's never a dull topic.
  • I'd guess at about £3.5k
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'd guess at about £3.5k
    Many on here will have made much more, as most of the loopholes available aren't raised/discussed on here for obvious reasons.
    Personally my best ever year was £2,300, thanks largely to the generosity of YB. 
    Last year I think I made £600, thanks mainly to Santander.
    I can't even begin to estimate what I've had from A&L and Nationwide referrals over the years, but must be well into 4 figures.
    And then I've had every offer you could have just the once (some of them twice - speculate to accumulate and all that). 
    But I'm aware I probably won't be anywhere near the top of the leader board as some on here are far more aggressive!
  • WillPS
    WillPS Posts: 5,504 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    Considerably more than £1k  :D
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