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Using Chase as donor/dummy accounts for Current Account Switching

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  • How long after opening a Chase account and scheduling the first payment can you make a successful bank switch?
    I opened a Chase account, same day I opened second account and used that straight away for switching.
    Wow, and it went through ok? So you only had an opening balance in there with 1 day activity?
    Yes, soon as account opened transferred money into it, Chase also lets you know that the accounting is switching out as there's a countdown in days.
    You don't even have to deposit any money to switch an account.
  • HillStreetBlues
    HillStreetBlues Posts: 6,031 Forumite
    1,000 Posts Third Anniversary Homepage Hero Photogenic
    edited 9 September 2024 at 7:26PM
    How long after opening a Chase account and scheduling the first payment can you make a successful bank switch?
    I opened a Chase account, same day I opened second account and used that straight away for switching.
    Wow, and it went through ok? So you only had an opening balance in there with 1 day activity?
    Yes, soon as account opened transferred money into it, Chase also lets you know that the accounting is switching out as there's a countdown in days.
    You don't even have to deposit any money to switch an account.
    It's handy to know that the transfer has been successful. so always be a few pence in.
    Let's Be Careful Out There
  • s71hj
    s71hj Posts: 605 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Blimey I wish I'd known about this Chase hack earlier. Dummy account opened in 30 seconds for Natwest switch incentive.
  • mirrorcarp_2
    mirrorcarp_2 Posts: 29 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Hi Guys.
    I am in the process of switching my only chase account to first direct at the moment. 
    I have just seen this thread and did not know you can have more than one account.
    Will it be okay for me to now open a 2nd account with chase so that when my primary account switches to first direct next week i still have a chase account remaining for later switches.
    I think what im asking is can i do this in reverse to how everyone else here has done it.Can i  switch my main account and then open a 2nd account before it goes through. I have already started the process of switching my main account. 
  • Middle_of_the_Road
    Middle_of_the_Road Posts: 1,126 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Hi Guys.
    I am in the process of switching my only chase account to first direct at the moment. 
    I have just seen this thread and did not know you can have more than one account.
    Will it be okay for me to now open a 2nd account with chase so that when my primary account switches to first direct next week i still have a chase account remaining for later switches.
    I think what im asking is can i do this in reverse to how everyone else here has done it.Can i  switch my main account and then open a 2nd account before it goes through. I have already started the process of switching my main account. 
    Yes, open another in the app. Next to "current accounts" there is an add button.
  • PRAISETHESUN
    PRAISETHESUN Posts: 4,850 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Yes. Do this quickly before the switch completes. Otherwise Chase won't let you open any more accounts with them again in future
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