Switching back accounts

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Can I switch bank accounts and get the ££ incentive if I am paying a loan to my current bank?

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  • grumbler
    grumbler Posts: 58,629 Forumite
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    edited 3 March 2023 at 10:05PM
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    Yes, you can, unless the loan T&C explicitly say that your must have a current account with them (very unlikely).
  • coconutcurls
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    Thank you @grumbler

    So the direct debt for my loan will go from the new account to the old account automatically like all of the other ones?
  • grumbler
    grumbler Posts: 58,629 Forumite
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    Yes, it's just a DD, the same as all other DDs.
  • grumbler
    grumbler Posts: 58,629 Forumite
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    edited 3 March 2023 at 10:53PM
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    However, if it's your main and the only account and you are happy with it, it's not recommended to switch it for a bonus. Open a new account, possibly with the same bank, change some DDs to it if they are required for the bonus, then switch the new account.
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