Claiming switch incentives more than once

WillPS

adindas said:

Breaking the T&C is not a crime but If a person knows what they are doing is clearly breach of the T&C, I would not even bother to challenge / to query if getting the result is not what I want to. Doing that it will put you on the spotlight as a serial offender, which will hamper your chance for any deal in the future. No business wants to have a customers which are notorious known as a serial offenders.

I believe sharing information like the title on this thread, where people could try their luck is one of the reason why we are all here. Anyone want to share information regarding getting free money, even it will mean beaching the T&C will be very much welcome. Some people will delete this infos thereafter for obvious reason.

At least it will save people time to try if other people have reported an unwanted result. I know some people are doing that such as opening a few dozen accounts to get a higher interest rate, to be used as the DD sources where it is clearly in breach of the T&C.

Requesting a CASS is not a breach of your T&Cs. No mal-intent on the part of the requestor can be proven, and I don't agree that 'try it and see' is in and of itself bad faith either.

If the bank chooses to pay a switching incentive even when the terms have not all been strictly met, that is entirely up to them. If it's a mistake, it's their mistake.

If the customer had to actively claim the incentive (like an old fashioned mail in rebate), it'd be a different matter, but I don't know of a switching bonus which worked in that way.

adindas

WillPS said:

adindas said:

Breaking the T&C is not a crime but If a person knows what they are doing is clearly breach of the T&C, I would not even bother to challenge / to query if getting the result is not what I want to. Doing that it will put you on the spotlight as a serial offender, which will hamper your chance for any deal in the future. No business wants to have a customers which are notorious known as a serial offenders.

I believe sharing information like the title on this thread, where people could try their luck is one of the reason why we are all here. Anyone want to share information regarding getting free money, even it will mean beaching the T&C will be very much welcome. Some people will delete this infos thereafter for obvious reason.

At least it will save people time to try if other people have reported an unwanted result. I know some people are doing that such as opening a few dozen accounts to get a higher interest rate, to be used as the DD sources where it is clearly in breach of the T&C.

Requesting a CASS is not a breach of your T&Cs. No mal-intent on the part of the requestor can be proven, and I don't agree that 'try it and see' is in and of itself bad faith either.

If the bank chooses to pay a switching incentive even when the terms have not all been strictly met, that is entirely up to them. If it's a mistake, it's their mistake.

If the customer had to actively claim the incentive (like an old fashioned mail in rebate), it'd be a different matter, but I don't know of a switching bonus which worked in that way.

It is not the example I am referring to. Sometimes the term is clearly spelled out  stated the T&C for instance one account per customer, or one sole and one join ac. Yet a few people manage to open a few dozen accounts. In one occasions a person manage to open 50 accounts to get instant access with high interest.

Another example you are not eligible for switching if you have got switching incentive within particular time. Yet people do try their luck. In a few occasion they are successful. But it is still debatable whether they breach the T&C or not, as by the end of the day the bank approve it. They should know their customers as part of KYC and people apply using their real ID (not faking it). So the ball is in on their hand. KYC for the bank and avoid to put ourself on the spotlight are two different things.

Ed-1

soulsaver said:

There are instances on here where people have thought they've 'gotten away with' a 2nd incentive, but many of them didn't understand the (not very clearly written) terms. 

I hope I'm proven incorrect, but... there'll likely be some gripe on the latest Santander switch, as some who hope they'll get a repeat haven't detected the small change in the terms wording that will have a big effect on eligibility, if enforced. 

I haven't noticed a difference in the wording. Care to elaborate?

WillPS

adindas said:

WillPS said:

adindas said:

Breaking the T&C is not a crime but If a person knows what they are doing is clearly breach of the T&C, I would not even bother to challenge / to query if getting the result is not what I want to. Doing that it will put you on the spotlight as a serial offender, which will hamper your chance for any deal in the future. No business wants to have a customers which are notorious known as a serial offenders.

I believe sharing information like the title on this thread, where people could try their luck is one of the reason why we are all here. Anyone want to share information regarding getting free money, even it will mean beaching the T&C will be very much welcome. Some people will delete this infos thereafter for obvious reason.

At least it will save people time to try if other people have reported an unwanted result. I know some people are doing that such as opening a few dozen accounts to get a higher interest rate, to be used as the DD sources where it is clearly in breach of the T&C.

Requesting a CASS is not a breach of your T&Cs. No mal-intent on the part of the requestor can be proven, and I don't agree that 'try it and see' is in and of itself bad faith either.

If the bank chooses to pay a switching incentive even when the terms have not all been strictly met, that is entirely up to them. If it's a mistake, it's their mistake.

If the customer had to actively claim the incentive (like an old fashioned mail in rebate), it'd be a different matter, but I don't know of a switching bonus which worked in that way.

It is not the example I am referring to. Sometimes the term is clearly spelled out  stated the T&C for instance one account per customer, or one sole and one join ac. Yet a few people manage to open a few dozen accounts. In one occasions a person manage to open 50 accounts to get instant access with high interest.

Another example you are not eligible for switching if you have got switching incentive within particular time. Yet people do try their luck. In a few occasion they are successful. But it is still debatable whether they breach the T&C or not, as by the end of the day the bank approve it. They should know their customers as part of KYC and people apply using their real ID (not faking it). So the ball is in on their hand. KYC for the bank and avoid to put ourself on the spotlight are two different things.

I don't agree that either would be a breach on the part of the customer.

If there is a limit to the number of accounts a customer can have, and a customer applies for an additional one - it's incumbent on the bank surely to decline the application. It's not against the rules to ask the question "can I have another, please" of a system.

If the customer lies during the application (saying they haven't got another one) or applied multiple times with slightly different details to try and defeat an automatic check then again that'd be an entirely different thing.

adindas

WillPS said:

adindas said:

WillPS said:

adindas said:

Breaking the T&C is not a crime but If a person knows what they are doing is clearly breach of the T&C, I would not even bother to challenge / to query if getting the result is not what I want to. Doing that it will put you on the spotlight as a serial offender, which will hamper your chance for any deal in the future. No business wants to have a customers which are notorious known as a serial offenders.

I believe sharing information like the title on this thread, where people could try their luck is one of the reason why we are all here. Anyone want to share information regarding getting free money, even it will mean beaching the T&C will be very much welcome. Some people will delete this infos thereafter for obvious reason.

At least it will save people time to try if other people have reported an unwanted result. I know some people are doing that such as opening a few dozen accounts to get a higher interest rate, to be used as the DD sources where it is clearly in breach of the T&C.

Requesting a CASS is not a breach of your T&Cs. No mal-intent on the part of the requestor can be proven, and I don't agree that 'try it and see' is in and of itself bad faith either.

If the bank chooses to pay a switching incentive even when the terms have not all been strictly met, that is entirely up to them. If it's a mistake, it's their mistake.

If the customer had to actively claim the incentive (like an old fashioned mail in rebate), it'd be a different matter, but I don't know of a switching bonus which worked in that way.

It is not the example I am referring to. Sometimes the term is clearly spelled out  stated the T&C for instance one account per customer, or one sole and one join ac. Yet a few people manage to open a few dozen accounts. In one occasions a person manage to open 50 accounts to get instant access with high interest.

Another example you are not eligible for switching if you have got switching incentive within particular time. Yet people do try their luck. In a few occasion they are successful. But it is still debatable whether they breach the T&C or not, as by the end of the day the bank approve it. They should know their customers as part of KYC and people apply using their real ID (not faking it). So the ball is in on their hand. KYC for the bank and avoid to put ourself on the spotlight are two different things.

I don't agree that either would be a breach on the part of the customer.

If there is a limit to the number of accounts a customer can have, and a customer applies for an additional one - it's incumbent on the bank surely to decline the application. It's not against the rules to ask the question "can I have another, please" of a system.

If the customer lies during the application (saying they haven't got another one) or applied multiple times with slightly different details to try and defeat an automatic check then again that'd be an entirely different thing.

I said it is debatable. People could always agree or disagree of something. People could interpret whatever they want. But what I know for sure is that, it is not up to you to decide as you are not the decision maker.

soulsaver

Ed-1 said:

soulsaver said:

There are instances on here where people have thought they've 'gotten away with' a 2nd incentive, but many of them didn't understand the (not very clearly written) terms. 

I hope I'm proven incorrect, but... there'll likely be some gripe on the latest Santander switch, as some who hope they'll get a repeat haven't detected the small change in the terms wording that will have a big effect on eligibility, if enforced. 

I haven't noticed a difference in the wording. Care to elaborate?

No... think I've confused it with another switcher offer where my comment is valid, but cba to dig through each of the past terms to establish voracity. It wasn't Santander, which I have checked. I'll edit my OP to clarify.

Daliah

adindas said:

 In one occasions a person manage to open 50 accounts to get instant access with high interest.

That might have been me and/or some other forumite, and/or even someone who has never visited the MSE forum. In any case, it wasn't against the Virgin T&Cs to do so, and Virgin has never taken any exception with those people.

phillw

WillPS said:
If it's a mistake, it's their mistake.

They can reverse mistakes that they make.

It's a criminal offense to hold onto money that was paid into your account by mistake.

WillPS

phillw said:

WillPS said:
If it's a mistake, it's their mistake.

They can reverse mistakes that they make.

It's a criminal offense to hold onto money that was paid into your account by mistake.

Nobody is disputing that, but there are established systems which banks must undertake when they reverse errors that they've made. In any case, I have never heard of such an instance of an incentive payment being recalled.