Co-operative Refer a Friend Switching Offer £125 (Nov 2022)

Asghar

Not another one, I've done so many this year between me and the other half.

I take it you could open an account today and then next week refer the other half and both receive the £125. If so then I'll have to give it a go.

poshrule_uk

How long do they generally take to pay out?

masonic

Asghar said:

Not another one, I've done so many this year between me and the other half.

I take it you could open an account today and then next week refer the other half and both receive the £125. If so then I'll have to give it a go.

Nothing to prevent that in the T&Cs, so pairing up to refer each other seems to be the best option to each get £250. I'm just getting a new donor account ready and will then be looking to do just that.

poshrule_uk said:

How long do they generally take to pay out?

Previous offers have been quick to pay out. Within a week IIRC.

Ghostcrawler

poshrule_uk said:

How long do they generally take to pay out?

Done this when they were offering £50, me and my OH got £50 within few days after switch

Ghostcrawler

Asghar said:

Not another one, I've done so many this year between me and the other half.

I take it you could open an account today and then next week refer the other half and both receive the £125. If so then I'll have to give it a go.

Yes you can as you both just need account number and sort code and have to submit the form, there is no referral link

Ed-1

masonic said:

Asghar said:

Not another one, I've done so many this year between me and the other half.

I take it you could open an account today and then next week refer the other half and both receive the £125. If so then I'll have to give it a go.

Nothing to prevent that in the T&Cs, so pairing up to refer each other seems to be the best option to each get £250. I'm just getting a new donor account ready and will then be looking to do just that.

There is (if the OH is referring you to start with) although it's not made clear in the terms which merely state "eligible new customer" without defining what one is. The webpage has this:

Bridlington1

I'm switching my Co-op account to one of my Bank of Scotland accounts for the 3 month 0% overdraft. I'll then switch my second Bank of Scotland account back to Co-op after the switch completes to get the £125 refer a friend bonus.

Ghostcrawler

Bridlington1 said:

I'm switching my Co-op account to one of my Bank of Scotland accounts for the 3 month 0% overdraft. I'll then switch my second Bank of Scotland account back to Co-op after the switch completes to get the £125 refer a friend bonus.

Don't know if you will be considered as new customer.  Bank will still have your coop account details and yours.

Ed-1

Ghostcrawler said:

Bridlington1 said:

I'm switching my Co-op account to one of my Bank of Scotland accounts for the 3 month 0% overdraft. I'll then switch my second Bank of Scotland account back to Co-op after the switch completes to get the £125 refer a friend bonus.

Don't know if you will be considered as new customer.  Bank will still have your coop account details and yours.

They'll no longer "have" a Coop account (as opposed to "have ever held" one).

gsmh

The problem with this offer is that most of us don't know anyone with a Co-operative Bank account! I'd open an account with them if I had a friend who could refer me.