Opening burner account with Santander advice on account switching cashback

runnickyrun

So last year I switched from Starling to Nationwide and received my first switching cashback of £200. I am now getting around to switch again but currently so happy with Nationwide (I get 5% on £1500 for 12 months)) I thought I’d keep it until the high  interest period ends in October. In the meantime, I decided to open a Santander burner account today and target NatWest for their current £200 switch deal, then see how much I can accrue over the next 3 months. 

My question is …should I leave it a week til the account is ‘bedded in’ or is it possible to switch straightaway before receiving the card, etc? I already have online access as have a joint account, savings and mortgage with Santander. 

Also, may seem a silly question …but if I want to then switch to RBS would it be sensible to use the new NatWest account to do that, or just close it, then open another burner with Santander? 

hpas251

runnickyrun said:

Also, may seem a silly question …but if I want to then switch to RBS would it be sensible to use the new NatWest account to do that, or just close it, then open another burner with Santander? 

NatWest and RBS have the same parent company, so I doubt either would pay a switching bonus for switching between the two. Even switching a second Santander account, I would question if RBS would pay a switching bonus if you had recently received one from NatWest (or Ulster Bank for that matter, as that is also a NatWest group company) 

First Direct (the online and phone brand of HSBC) will not pay a switching bonus to anyone who has received a bonus from HSBC in the previous few years, so I would imagine NatWest brands may do something similar.

badger09

If the account you want to switch comes with a debit card, you’ll have to wait for it to arrive before you switch as you’ll need the card number. 

MikeJXE

You can switch a different burner account into all 3 of the NatWest group

Natwest RBS and Ulster

Open easy accounts to use as a burner like Metro, Monzo, Starling 

You can do them all at the same time as I did but you need the debit card of each

Ulster seems to be the slowest and none of them are good at communicating with you 

dealyboy

I switched Santander (3) and Nationwide (4) 'burner' accounts when I had/have other accounts with them, no problems switching to all three of the NatWest group.

You can switch your new NatWest account to RBS if you wish, others have no issue with this (I think it's a little bit cheeky).

One note of caution ... banks are unpredictable beasts, especially at the moment, if you are reliant on one as you seem to be (Santander) I would think twice about possibly drawing attention to yourself.

Catplan

You’ve done Santander, why not open another nationwide account, spread it about a bit….

runnickyrun

badger09 said:

If the account you want to switch comes with a debit card, you’ll have to wait for it to arrive before you switch as you’ll need the card number. 

Good to know - thank you. 

runnickyrun

Catplan said:

You’ve done Santander, why not open another nationwide account, spread it about a bit….

I’ll do that today..thank you for commenting. I’ll open a Monzo or Metro too. Tried to open another Starling yesterday but it didn’t like me at all as I switched from them to Nationwide in October. 

runnickyrun

dealyboy said:

I switched Santander (3) and Nationwide (4) 'burner' accounts when I had/have other accounts with them, no problems switching to all three of the NatWest group.

You can switch your new NatWest account to RBS if you wish, others have no issue with this (I think it's a little bit cheeky).

One note of caution ... banks are unpredictable beasts, especially at the moment, if you are reliant on one as you seem to be (Santander) I would think twice about possibly drawing attention to yourself.

Did you open them all in the same day? I have a mortgage with Santander and a joint current account that has existed for over 30 years so I am hoping they won’t take offence 😅but to be on the safe side I’ll open one each with Nationwide and Monzo…
thanks for your advice 

runnickyrun

MikeJXE said:

You can switch a different burner account into all 3 of the NatWest group

Natwest RBS and Ulster

Open easy accounts to use as a burner like Metro, Monzo, Starling 

You can do them all at the same time as I did but you need the debit card of each

Ulster seems to be the slowest and none of them are good at communicating with you 

Thanks so much for the advice. I’ll give it a go and hopefully by the end of the month I’ll be a bit richer! 

 

dealyboy

@runnickyrun said:

dealyboy said:

I switched Santander (3) and Nationwide (4) 'burner' accounts when I had/have other accounts with them, no problems switching to all three of the NatWest group.

You can switch your new NatWest account to RBS if you wish, others have no issue with this (I think it's a little bit cheeky).

One note of caution ... banks are unpredictable beasts, especially at the moment, if you are reliant on one as you seem to be (Santander) I would think twice about possibly drawing attention to yourself.

Did you open them all in the same day? I have a mortgage with Santander and a joint current account that has existed for over 30 years so I am hoping they won’t take offence 😅but to be on the safe side I’ll open one each with Nationwide and Monzo…
thanks for your advice 

No - I did 6 switches over about 6 weeks (to completion) ... probably opened all in a couple of weeks. I think I did open a couple with the same bank on the same day but I honestly can't remember.

By the way - good to have you on 'board' ... hee hee 

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