Santander £130 switch offer

danlightbulb

Zanderman said:

danlightbulb said:

When you switch, how does the salary switch work? With HSBC there seems to be no option to opt out of this particular component and I don't want my salary switched because it goes into a different account, not the one Im switching from?

If your salary goes into a different account to the one you're switching it will be unaffected. 

You're only switching one account.

The only payments etc that will be affected will be the ones on that account.  Not any on another one.

How is salary linked to a bank account then? Its a payment IN, not a standing order or DD?

When you complete the application they ask for your employer details.

Daliah

danlightbulb said:

Zanderman said:

danlightbulb said:

When you switch, how does the salary switch work? With HSBC there seems to be no option to opt out of this particular component and I don't want my salary switched because it goes into a different account, not the one Im switching from?

If your salary goes into a different account to the one you're switching it will be unaffected. 

You're only switching one account.

The only payments etc that will be affected will be the ones on that account.  Not any on another one.

How is salary linked to a bank account then? Its a payment IN, not a standing order or DD?

When you complete the application they ask for your employer details.

Your employer pays you into the sort code and account number that you give to them.

Your employer details during the application process might get used to verify your identity (e.g. they ring your employer and ask to be put through to you). The employer details will 100% certainly not be used to make your employer pay your salary into the new bank account.

danlightbulb

Daliah said:

danlightbulb said:

Zanderman said:

danlightbulb said:

When you switch, how does the salary switch work? With HSBC there seems to be no option to opt out of this particular component and I don't want my salary switched because it goes into a different account, not the one Im switching from?

If your salary goes into a different account to the one you're switching it will be unaffected. 

You're only switching one account.

The only payments etc that will be affected will be the ones on that account.  Not any on another one.

How is salary linked to a bank account then? Its a payment IN, not a standing order or DD?

When you complete the application they ask for your employer details.

Your employer pays you into the sort code and account number that you give to them.

Your employer details during the application process might get used to verify your identity (e.g. they ring your employer and ask to be put through to you). The employer details will 100% certainly not be used to make your employer pay your salary into the new bank account.

Then how do they inform the employer to redirect the salary into the new account if it was being paid into the old account?

Daliah

danlightbulb said:

Daliah said:

danlightbulb said:

Zanderman said:

danlightbulb said:

When you switch, how does the salary switch work? With HSBC there seems to be no option to opt out of this particular component and I don't want my salary switched because it goes into a different account, not the one Im switching from?

If your salary goes into a different account to the one you're switching it will be unaffected. 

You're only switching one account.

The only payments etc that will be affected will be the ones on that account.  Not any on another one.

How is salary linked to a bank account then? Its a payment IN, not a standing order or DD?

When you complete the application they ask for your employer details.

Your employer pays you into the sort code and account number that you give to them.

Your employer details during the application process might get used to verify your identity (e.g. they ring your employer and ask to be put through to you). The employer details will 100% certainly not be used to make your employer pay your salary into the new bank account.

Then how do they inform the employer to redirect the salary into the new account if it was being paid into the old account?

Answers to this and other questions can be found on the CASS website

danlightbulb

Daliah said:

danlightbulb said:

Daliah said:

danlightbulb said:

Zanderman said:

danlightbulb said:

When you switch, how does the salary switch work? With HSBC there seems to be no option to opt out of this particular component and I don't want my salary switched because it goes into a different account, not the one Im switching from?

If your salary goes into a different account to the one you're switching it will be unaffected. 

You're only switching one account.

The only payments etc that will be affected will be the ones on that account.  Not any on another one.

How is salary linked to a bank account then? Its a payment IN, not a standing order or DD?

When you complete the application they ask for your employer details.

Your employer pays you into the sort code and account number that you give to them.

Your employer details during the application process might get used to verify your identity (e.g. they ring your employer and ask to be put through to you). The employer details will 100% certainly not be used to make your employer pay your salary into the new bank account.

Then how do they inform the employer to redirect the salary into the new account if it was being paid into the old account?

Answers to this and other questions can be found on the CASS website

Yes I just found this also. Its not really a 'switch' then is it, misleading term really. I.e its not a proactive action from the new bank.

swanfan02

danlightbulb said:

Daliah said:

danlightbulb said:

Daliah said:

danlightbulb said:

Zanderman said:

danlightbulb said:

When you switch, how does the salary switch work? With HSBC there seems to be no option to opt out of this particular component and I don't want my salary switched because it goes into a different account, not the one Im switching from?

If your salary goes into a different account to the one you're switching it will be unaffected. 

You're only switching one account.

The only payments etc that will be affected will be the ones on that account.  Not any on another one.

How is salary linked to a bank account then? Its a payment IN, not a standing order or DD?

When you complete the application they ask for your employer details.

Your employer pays you into the sort code and account number that you give to them.

Your employer details during the application process might get used to verify your identity (e.g. they ring your employer and ask to be put through to you). The employer details will 100% certainly not be used to make your employer pay your salary into the new bank account.

Then how do they inform the employer to redirect the salary into the new account if it was being paid into the old account?

Answers to this and other questions can be found on the CASS website

Yes I just found this also. Its not really a 'switch' then is it, misleading term really. I.e its not a proactive action from the new bank.

So, what would you define as a switch then? Given that 99.9% of people would? I’d be very interested in your definition of ‘a misleading term’ as you put it? 

Zanderman

danlightbulb said:

Zanderman said:

danlightbulb said:

When you switch, how does the salary switch work? With HSBC there seems to be no option to opt out of this particular component and I don't want my salary switched because it goes into a different account, not the one Im switching from?

If your salary goes into a different account to the one you're switching it will be unaffected. 

You're only switching one account.

The only payments etc that will be affected will be the ones on that account.  Not any on another one.

How is salary linked to a bank account then? Its a payment IN, not a standing order or DD?

When you complete the application they ask for your employer details.

That's a standard question when opening a bank account.

It's nothing whatsoever to do with a switch - and isn't a question they will ask for a switch.

You're confusing the opening a bank account process with the switching a bank account process.

Totally different things.

Your salary is paid into the account you told your employer you wanted it paid to.

Altering a different account can't possibly change that.

DragonQ

The only terrible thing about this offer is existing customers need to book a branch appointment, for which there is a 3 week waiting list (at least where I live). Absolutely absurd that switching to an existing account can't be done online.

Daliah

DragonQ said:

The only terrible thing about this offer is existing customers need to book a branch appointment, for which there is a 3 week waiting list (at least where I live). Absolutely absurd that switching to an existing account can't be done online.

As has been mentioned in this thread several times, existing customers can request the switch over the phone - -  and are actually often turned away if they try to do it in branch.

danlightbulb

swanfan02 said:

danlightbulb said:

Daliah said:

danlightbulb said:

Daliah said:

danlightbulb said:

Zanderman said:

danlightbulb said:

When you switch, how does the salary switch work? With HSBC there seems to be no option to opt out of this particular component and I don't want my salary switched because it goes into a different account, not the one Im switching from?

If your salary goes into a different account to the one you're switching it will be unaffected. 

You're only switching one account.

The only payments etc that will be affected will be the ones on that account.  Not any on another one.

How is salary linked to a bank account then? Its a payment IN, not a standing order or DD?

When you complete the application they ask for your employer details.

Your employer pays you into the sort code and account number that you give to them.

Your employer details during the application process might get used to verify your identity (e.g. they ring your employer and ask to be put through to you). The employer details will 100% certainly not be used to make your employer pay your salary into the new bank account.

Then how do they inform the employer to redirect the salary into the new account if it was being paid into the old account?

Answers to this and other questions can be found on the CASS website

Yes I just found this also. Its not really a 'switch' then is it, misleading term really. I.e its not a proactive action from the new bank.

So, what would you define as a switch then? Given that 99.9% of people would? I’d be very interested in your definition of ‘a misleading term’ as you put it? 

Right but when you go to open an account, the wording says that the switching service will switch your bank account with your employer. That's not technically true is it. They don't 'move' your nominated bank account with your employer in the same way as they transfer your standing orders and direct debits. Its just a redirect service for payments in when they hit a closed account, and if you don't have your salary paid in to the account you're switching from, then nothing will happen with your employer. It doesn't say this in the text when you apply for the account, it says that the service WILL switch your salary.

So to answer your question, it should differentiate between what is actively 'switched' and what is simply redirected.