We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Switching bonuses - restrictions on direct debits?

Da_Crojanz
Posts: 103 Forumite

I'm looking at the Nationwide account wit the £200 switch bonus and noted that part of the deal is you have to switch over 2 active direct debits from your current account. I can do this, but my direct debits are pretty low value as almost all of the big ones like mortgage, council tax etc come out of our joint account (on payday I transfer most of my salary from current to joint account for this purpose).
On my current account I have 4 active direct debits - 2 are for my mobile phone, one to a charity and the other for pet insurance. total value of them is only about £40 a month.
Will the bank accept this and give the bonus or will they say the value of the direct debits is too low? Can't see anything in the Ts and Cs about it.
On my current account I have 4 active direct debits - 2 are for my mobile phone, one to a charity and the other for pet insurance. total value of them is only about £40 a month.
Will the bank accept this and give the bonus or will they say the value of the direct debits is too low? Can't see anything in the Ts and Cs about it.
0
Comments
-
You'll be fine. I've done successful switches with much lower DDs.
0 -
If your DDs needed to have a minimum amount, the switch offer terms would mention this.1
-
I would just say make sure they are for monthly DDs- which I assume they are. M&S used to accept annual DDs as active but I think they were in a minority.
You might want to keep 2 of those DDs aside in a donor account for a future switch bonus.Being polite and pleasant doesn't cost anything!
-Stash bust:in 2022:337
Stash bust :2023. 120duvets, 24bags,43dogcoats, 2scrunchies, 10mitts, 6 bootees, 8spec cases, 2 A6notebooks, 59cards, 6 lav bags,36 angels,9 bones,1 blanket, 1 lined bag,3 owls, 88 pyramids = total 420total spend £5.Total for 'Dogs for Good' £546.82
2024:Sewn:59Doggy ds,52pyramids,18 bags,6spec cases,6lav.bags.
Knits:6covers,4hats,10mitts,2 bootees.
Crotchet:61angels, 229cards=453 £158.55profit!!!
2025 3dduvets1 -
Katiehound said:I would just say make sure they are for monthly DDs- which I assume they are. M&S used to accept annual DDs as active but I think they were in a minority.
You might want to keep 2 of those DDs aside in a donor account for a future switch bonus.
There are different rules for ongoing rewards offers - they often require monthly DDs.2
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.6K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.6K Work, Benefits & Business
- 598.3K Mortgages, Homes & Bills
- 176.7K Life & Family
- 256.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards