Bank Switching question

SVts

£175 - First Direct
£200 - NatWest
£125 - Co-Op 
£200 - Lloyds
£200 - TSB including £75 stay
£200 -  RBS
£175 - Halifax
£200 - Ulster
£200 - Nationwide
£75 - Tide not a switch but account opening reward

£1750

Barclays hopefully to payout £175 in the next two weeks.

MikeJXE

£175 - First Direct
£200 - NatWest
£125 - Co-Op 
£200 - Lloyds
£200 - Santander
£200 - TSB 
£200 -  RBS
£175 - Halifax
£200 - Ulster
£200 - Nationwide
£75. - TSb stay
£375- Co-op referrals 
£150 - Yougov Finance

£2475

Barclays soon takes me to £2650

SVts

Yougov Finance that the survey thing? I’m on for £50 for that if I reach 5000 points but it’s a long process.

PRAISETHESUN

SVts said:

Yougov Finance that the survey thing? I’m on for £50 for that if I reach 5000 points but it’s a long process.

You can link your current accounts to YouGov through open banking to get points every 90 days. 500 points per current account, max of 10 accounts. Easy £50 each time if you don't mind sharing your account data

SVts

PRAISETHESUN said:

SVts said:

Yougov Finance that the survey thing? I’m on for £50 for that if I reach 5000 points but it’s a long process.

You can link your current accounts to YouGov through open banking to get points every 90 days. 500 points per current account, max of 10 accounts. Easy £50 each time if you don't mind sharing your account data

Ok I need to look into this, thanks.

So if I link a dummy account that is never used I still get the points?

MikeJXE

SVts said:

PRAISETHESUN said:

SVts said:

Yougov Finance that the survey thing? I’m on for £50 for that if I reach 5000 points but it’s a long process.

You can link your current accounts to YouGov through open banking to get points every 90 days. 500 points per current account, max of 10 accounts. Easy £50 each time if you don't mind sharing your account data

Ok I need to look into this, thanks.

So if I link a dummy account that is never used I still get the points?

Very unlikely, accounts need to be active

I have 10 accounts and a standing order doing the rounds every month 

georged123

SVts said:

PRAISETHESUN said:

SVts said:

Yougov Finance that the survey thing? I’m on for £50 for that if I reach 5000 points but it’s a long process.

You can link your current accounts to YouGov through open banking to get points every 90 days. 500 points per current account, max of 10 accounts. Easy £50 each time if you don't mind sharing your account data

Ok I need to look into this, thanks.

So if I link a dummy account that is never used I still get the points?

Accounts need to be 30 days old and have a handful of transactions to qualify.

Ponchos

Hi everyone,

I'm looking at the switching bonuses and how best to get them all (currently 4 of them). I've had my Nationwide account for years and the perks are virtually nil, so switching cash would be nice!

My current thinking is to go for Lloyds > Barclays > Nationwide > First Direct, and then see if any other offers come about after that. I have a couple of questions though.

As I'm currently with Nationwide, would leaving and then coming back (and leaving to go to Lloyds, and then coming back from Barclays) be an issue and stop the bonus being applied? The terms say you can't have had a switching bonus since 18th August 2021 (which isn't a problem), I'm just thinking about the quick return.

Also, Barclays and Nationwide both require two or more direct debits being transferred. My current DDs with Nationwide are with my credit card and with eBay. Are these sufficient to qualify or do they HAVE to be energy bills and such?

I currently have a Starling account which I will keep regardless and use to transfer money in and out to meet requirements.

Thanks in advance!

PRAISETHESUN

SVts said:

PRAISETHESUN said:

SVts said:

Yougov Finance that the survey thing? I’m on for £50 for that if I reach 5000 points but it’s a long process.

You can link your current accounts to YouGov through open banking to get points every 90 days. 500 points per current account, max of 10 accounts. Easy £50 each time if you don't mind sharing your account data

Ok I need to look into this, thanks.

So if I link a dummy account that is never used I still get the points?

See the comments above. They've been getting a bit stricter over time with how much activity is required on the accounts you're linking, but they tell you up front if they'll pay you the points or not. It's easy enough to bounce some money around by SO each month and that seems to be enough at the moment. There's a big thread on them on the savings board: https://forums.moneysavingexpert.com/discussion/6416681/yougov-finance-bribe/p1

Ponchos said:

Hi everyone,

I'm looking at the switching bonuses and how best to get them all (currently 4 of them). I've had my Nationwide account for years and the perks are virtually nil, so switching cash would be nice!

My current thinking is to go for Lloyds > Barclays > Nationwide > First Direct, and then see if any other offers come about after that. I have a couple of questions though.

As I'm currently with Nationwide, would leaving and then coming back (and leaving to go to Lloyds, and then coming back from Barclays) be an issue and stop the bonus being applied? The terms say you can't have had a switching bonus since 18th August 2021 (which isn't a problem), I'm just thinking about the quick return.

Also, Barclays and Nationwide both require two or more direct debits being transferred. My current DDs with Nationwide are with my credit card and with eBay. Are these sufficient to qualify or do they HAVE to be energy bills and such?

I currently have a Starling account which I will keep regardless and use to transfer money in and out to meet requirements.

Thanks in advance!

Your account needs to be open to get paid the incentive, but once it has been paid you can move your account elsewhere. If you intend to keep your Nationwide account as your main account however, I'd personally recommend opening a second Nationwide account (just open it, no need to switch) and set that up as a donor account. Use this second Nationwide account to switch To lloyds --> Barclays --> First Direct, and then back into your primary Nationwide account.

As for DDs, any will do. It's typically easiest to shuffle around existing DDs for household bills, or anything else you already have set up such as your eBay or CC - these will be fine as long as they are active. If you get stuck for ideas, there's a big thread on the subject here: https://forums.moneysavingexpert.com/discussion/6445857/savings-investment-dds-and-debit-card-deposits-an-updated-list/p1

traceyaj

I have a Nat West account that I hardly use (has no dd's going out as yet)  and I am in the process of transferring 3 or 4 direct debits to it from our main Lloyds account. The idea is to open a Nationwide account and take advantage of the £200 switch offer by switching from the Nat West.  I note that the Direct Debits have to be "active" in order to qualify for the offer. I don't want to risk losing out on the offer if I wait until the new DD payments are taken from the Nat West. Do we know what Nationwide define as "active"  DD for this offer.