Bonus for joining - no previous account?

Aar0sc

There are plenty of offers for transferring your current account to a new one - but what if you don’t have a previous account? Are there any offers?

 Cheers!

Consumerist

The short answer is no.

But there is nothing to stop you planning ahead by opening a current account with a bank, put a couple of direct debits from the account and then, in a month or two, you will be better positioned to take advantage of any switching offers available.

Aar0sc

Oo, that’s a good idea! Thanks! 

where_are_we

You mean you don`t have a current account? The following current accounts are worth opening depending on your circumstances and I`m sure there are others.

Virgin CA pay 2% on up to £1000 balance, Nationwide Flex Direct CA new customers 2% on up to £1500, TSB spend and save CA, Santander 123 lite CA cashback on bills, Club Lloyds CA .6% on up to £3999, 1.5% on £4000 to £5000 plus reward eg 6 cinema tickets a year and Halifax Reward CA pays £5 a month if you fulfil certain conditions.

These are not as lucrative as the switching offers you mention.

To get one of these, open any basic CA and add 2 DD`s to it and then switch making sure you fulfill the T&C`s.

Aar0sc

where_are_we said:

You mean you don`t have a current account?

Somehow my father in law has managed to avoid having one for nearly sixty years but thinks it might be useful now! 

PRAISETHESUN

The only current account I'm aware of that gives you a reward for opening one, without the need to switch, is TSB via this Quidco offer: https://www.quidco.com/tsb-spend-save-plus-current-account/

Otherwise opening a second account with your current bank and prepping it as a donor account for switching, as highlighted above, is also not a bad idea.