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Co Op Switch offer (seen 15th January 2024)

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Comments

  • For anyone slightly uncertain about the exact timing of things, its good we have the 30 day window.

    I was under the impression my switch completed on 9th Feb so after that I did the 1k and have just finished my 5th card payment, but this afternoon the 'switch complete' e-mail has come through so I'm not entirely sure on the chronology.

    But if I have to do those again to get £100 so what?

  • jaxxx
    jaxxx Posts: 40 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    MACKEM99 said:
    Got email today saying now just need to transfer 1k and make 5 debit card purchases and I will qualify for the £100 which I did both yesterday so that will catch up.  The email goes on to say once I get this I can the get £50 for opening the saver.  I have already applied for the saver, yesterday and had email today to say saver being sorted.  Now it may be just me but should I  have waited for the £100 then opened the saver, or is the email just badly worded?
    I worried about this too.  In exactly the same position. Fingers crossed I get the £100.  Wording of this deal is very confusing.
  • Nasqueron
    Nasqueron Posts: 10,801 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    E_zroda said:
    Nasqueron said:
    Have to add that the transfers from co-op out are terribly slow.

    I moved 1p as a test and then £25 for the saver from Kroo - both went through immediately to Co-Op

    I moved 1p back to Kroo just to confirm it was working before I move £1000 - the money went yesterday but the transaction was posted today and still not arrived. The payee details are correct (and were verified), I will probably need to do the transfers in dribs and drabs as the £1000 I earmarked for this will be needed elsewhere!

    Will do the 5 transactions over the next couple of days and see how it goes 
    Quite likely this is being held for security reasons. I suspect you'll probably need to chase it.
    Wife had an issue with this, fraud team message to check. Mine was fine, quite quick. Interestingly we bought 5 individual bananas each, from Sainsburys yesterday at self checkout to get the 5 DC transactions, contactless each one with no pin required and first time use of the cards. 
    Unusual to be able to use contactless before initial chip/pin. Did you phone to register for online use?
    Nope, although we did change the PIN at an ATM on them both. Like you , I was expecting them to ask for a pin at least once with me making 5 x 15-17p transactions within a couple of minutes. Oh well , probably the last time we'll use the cards anyway.
    @pedrodelgado : These bananas must be huge
    I did 3 yesterday, Morrisons, they were 13p-17p

    Annoyingly, I did a £250 shift yesterday and then it got held in fraud again on the way back so had to go through the whole fraud prevention stuff again - slightly more sensible conversation than the silly one yesterday about the dangers of losing 1p to fraudsters :D

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • jimjames
    jimjames Posts: 18,727 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 14 February 2024 at 11:08AM
    Did the £1000 payment yesterday, rather surprised how worryingly long it took to appear in the Co-op account, with other banks it's pretty much instant.
    Helpfully I had an email today telling me what I still need to do to qualify for the payment which I don't think any other bank has ever done. Now just to spend some more money with the card!
    Remember the saying: if it looks too good to be true it almost certainly is.
  • anna42hmr
    anna42hmr Posts: 2,890 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    lol these emails are strange, switch completed on Monday, email yesterday (tuesday) confirming switch completed, email now today advising the criteria and that is still need to pay £1k into the account, however the £1k has been sitting in the account since monday!.

    have bounced it back out via faster payment so will send it across again today just to be on the safe side!
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • Largs
    Largs Posts: 435 Forumite
    100 Posts Second Anniversary Name Dropper
    Another email to the chocolate fireguards asking for an update on my switch.  They are determined to make me work for this £150.
  • anna42hmr said:
    lol these emails are strange, switch completed on Monday, email yesterday (tuesday) confirming switch completed, email now today advising the criteria and that is still need to pay £1k into the account, however the £1k has been sitting in the account since monday!.

    have bounced it back out via faster payment so will send it across again today just to be on the safe side!
    Similar here - switch Monday, although email not until this morning saying switch completed and still need £1000 into the account, which I'd already done so will now do again to be sure!
  • My experience has been the switch was completed at the beginning of this week, had a reminder e-mail this morning about completing 5 transactions in order to get my £100, which I knew I needed to complete anyway, I've finished off the rest of the transactions and am now waiting for the £100.
  • To be fair the Coop has been pretty quick paying out the bonus. Easiest recently has been Nationwide.  Worst, HSBC. 

    But I for a couple of hours work so far I've made £475 (Hsbc, nationwide and coop) with hopefully £125 from tsb, £80 from hsbc, and £50 from Coop still to come. Plus the free £60 (6 x £10) from tsb for topping up my Octopus account. That's almost £800 which I'm more than happy about!
  • I pushef the £1000 in and out on Friday,  did the 5 debit card transactions on Saturday and got the £100 yesterday. All good here!
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