Co Op Switch offer (seen 15th January 2024)

miller

bargainqueen8 said:

Just had a email to say the RS account is variable not fixed!i opened mine in branch and specifically asked if it was fixed and was told yes,this lot really are the worst bank i have dealt with.

Have you tried Barclays

bargainqueen8

miller said:

bargainqueen8 said:

Just had a email to say the RS account is variable not fixed!i opened mine in branch and specifically asked if it was fixed and was told yes,this lot really are the worst bank i have dealt with.

Have you tried Barclays

yep both our barclays switches went through fine,no issue`s.

anna42hmr

Shedman said:

Wife and I both got our £50s today. The emails we both had at beginning of Feb said we would have to keep the £25 in Savings Account until 13 March and hey presto they paid the £50 on that date.  Surprised really seeing as normally anything to do with the Coop Bank usually has a delay involved. 

Although, despite the £25 having been deposited in her Online Saver since end of Jan, they decided to pay it into the RS that has only been open since 7 March....bit strange but hey ho its the Coop 😅

EDIT:  ah this explains it as hadn't seen (or read maybe) the email this was in 

"If you have two open eligible savings accounts at the time of payment and have met the eligibility criteria*, we will pay the savings bonus into your most recently funded account."

that's good they are on track then, my email stated my £50 is due 29th, but doubt it will considering its good friday bank holiday, so will assume i will get mine on the tuesday afterwards (hopefully)

friolento

Although the account opening was painfully slow, I was impressed with the swiftness of the two bonus payments.

Nasqueron

anna42hmr said:

Shedman said:

Wife and I both got our £50s today. The emails we both had at beginning of Feb said we would have to keep the £25 in Savings Account until 13 March and hey presto they paid the £50 on that date.  Surprised really seeing as normally anything to do with the Coop Bank usually has a delay involved. 

Although, despite the £25 having been deposited in her Online Saver since end of Jan, they decided to pay it into the RS that has only been open since 7 March....bit strange but hey ho its the Coop 😅

EDIT:  ah this explains it as hadn't seen (or read maybe) the email this was in 

"If you have two open eligible savings accounts at the time of payment and have met the eligibility criteria*, we will pay the savings bonus into your most recently funded account."

that's good they are on track then, my email stated my £50 is due 29th, but doubt it will considering its good friday bank holiday, so will assume i will get mine on the tuesday afterwards (hopefully)

Same here switch date buddy! Bank holidays giveth (extra day for money to be in savers until bills are due) and they taketh away (delay in bonus payment)!

anna42hmr

Nasqueron said:

anna42hmr said:

Shedman said:

Wife and I both got our £50s today. The emails we both had at beginning of Feb said we would have to keep the £25 in Savings Account until 13 March and hey presto they paid the £50 on that date.  Surprised really seeing as normally anything to do with the Coop Bank usually has a delay involved. 

Although, despite the £25 having been deposited in her Online Saver since end of Jan, they decided to pay it into the RS that has only been open since 7 March....bit strange but hey ho its the Coop 😅

EDIT:  ah this explains it as hadn't seen (or read maybe) the email this was in 

"If you have two open eligible savings accounts at the time of payment and have met the eligibility criteria*, we will pay the savings bonus into your most recently funded account."

that's good they are on track then, my email stated my £50 is due 29th, but doubt it will considering its good friday bank holiday, so will assume i will get mine on the tuesday afterwards (hopefully)

Same here switch date buddy! Bank holidays giveth (extra day for money to be in savers until bills are due) and they taketh away (delay in bonus payment)!

LOL that is so true!

miller

I've worked out they're going off the day they sent the switch complete letter, plus 44 days in my case, for the savings bonus, rather than the actual switch date. That accounts for the amnesia they had paying the current account incentive as the switch wasn't considered "done" their end.

harz99

miller said:

I've worked out they're going off the day they sent the switch complete letter, plus 44 days in my case, for the savings bonus, rather than the actual switch date. That accounts for the amnesia they had paying the current account incentive as the switch wasn't considered "done" their end.

That means my wife should get her £50 on Thursday 28/3 then, as her letter was dated 12/3 after the switch on 9/3...

jpsman

Anyone know if we need to keep the current account open to retain the RS?

I'm due the £50 incentive into my Co-op RS on 29 March, but I'm considering switching out the Co-op current account for the Santander £185 switch offer.

harz99

jpsman said:

Anyone know if we need to keep the current account open to retain the RS?

I'm due the £50 incentive into my Co-op RS on 29 March, but I'm considering switching out the Co-op current account for the Santander £185 switch offer.

Nothing in the terms that requires you to have an open current account to continue holding your RS. 

I think my wife is the only one on here who's kept her saver and also closed (switched out) her current account, she's now just waiting to receive the £50 bonus (or maybe a discussion with the bank if they don't pay that bonus within the 60 days).