Co Op Switch offer (seen 15th January 2024)

BigBlueSky

Middle_of_the_Road said:

BigBlueSky said:

financialbliss said:

BigBlueSky said:

How long is it taking for the £50 to be applied for the savings account?

Unless I've understood incorrectly, Co-op won't be paying out the £50 savings bonus until at least 30th March as you need to leave a balance of at least £25 until 29th March.

Do you know whether you need to leave the current account open to receive the savings bonus?

Just seen the new Natwest/Ulster/RBS switch offer available and was thinking of switching the Co-Op current account to this.

Not seen anything preventing this, but I would think it's not advisable.

Thanks - I might just hold off then, and hope the Natwest Group switch offer is still available when this pays out.

pedrodelgado

BigBlueSky said:

financialbliss said:

BigBlueSky said:

How long is it taking for the £50 to be applied for the savings account?

Unless I've understood incorrectly, Co-op won't be paying out the £50 savings bonus until at least 30th March as you need to leave a balance of at least £25 until 29th March.

Do you know whether you need to leave the current account open to receive the savings bonus?

Just seen the new Natwest/Ulster/RBS switch offer available and was thinking of switching the Co-Op current account to this.

BigBlueSky said:

financialbliss said:

BigBlueSky said:

How long is it taking for the £50 to be applied for the savings account?

Unless I've understood incorrectly, Co-op won't be paying out the £50 savings bonus until at least 30th March as you need to leave a balance of at least £25 until 29th March.

Do you know whether you need to leave the current account open to receive the savings bonus?

Just seen the new Natwest/Ulster/RBS switch offer available and was thinking of switching the Co-Op current account to this.

I would think so as the saver is linked to the current account (I think). As you don't need direct debits for the Natwest offer you could always just set up a donner account elsewhere?

BigBlueSky

pedrodelgado said: I would think so as the saver is linked to the current account (I think). As you don't need direct debits for the Natwest offer you could always just set up a donner account elsewhere?

Thanks - Yes, I was thinking about that as a possibility, although don't want too many credit searches going on.

anna42hmr

I would imagine you need to keep the account open, i am not risking it, rbs/natwest/ulster seem to do offers fairly regularly so worst case scenario if miss this one could go for it next time. both of my sacrificial accounts are waiting on payouts (this one with coop, and the new TSB account, which is not payable until the end of march) so don't want to open another sacrificial account.  

Plus technically having had a switch offer from Ulster in March 2023, and RBS November or December 2021, not technically eligible.  I know many have got away with multiples from the brands in the past, but don't want to risk a natwest offer in case don't get it, when i know i will get the savings account payment. (may last natwest one was in 2018, so if did go for that one, i would be eligible under the timeframes if the loophole does work). do note its interesting that the natwest/rbs offer states the minimum pay in has to be in for at least 24 hours, thats not something that is usually the case, so may catch some people out. 

DJSINGH

My 5 debits cleared on 14th, but not had my  £100 yet or an email confirming I've met conditons. Anyone else in a similar boat?

Nasqueron

BigBlueSky said:

pedrodelgado said: I would think so as the saver is linked to the current account (I think). As you don't need direct debits for the Natwest offer you could always just set up a donner account elsewhere?

Thanks - Yes, I was thinking about that as a possibility, although don't want too many credit searches going on.

A single search for a current account without an overdraft is neither here nor there unless you intend to apply for something major like a mortgage AND have a thin or poor credit file

daeargwr

DJSINGH said:

My 5 debits cleared on 14th, but not had my  £100 yet or an email confirming I've met conditons. Anyone else in a similar boat?

Same for me.  Up to 7 debit card purchases and met all the other conditions but nothing.  I've moved £1000 out and back in to see if that makes any difference

Nasqueron

DJSINGH said:

My 5 debits cleared on 14th, but not had my  £100 yet or an email confirming I've met conditons. Anyone else in a similar boat?

Have you logged into the bank online (not the app)? That was mentioned earlier in the thread as a requirement from them even though the app says either/or

DJSINGH

Nasqueron said:

DJSINGH said:

My 5 debits cleared on 14th, but not had my  £100 yet or an email confirming I've met conditons. Anyone else in a similar boat?

Have you logged into the bank online (not the app)? That was mentioned earlier in the thread as a requirement from them even though the app says either/or

Yes to stand up the standing orders after my switch completed!

MABLE

I completed switch 12 Feb and all criteria met but no sign of payment as yet.