When will there be switch bonuses?

kmb500

Hi, I can't find any switch bonuses at the moment. I know at certain times of the year the switch bonuses all disappear. Is this one of those times? When can I expect switch bonuses to be made available again?

I am very eager to leave Nationwide as the card reader crap is driving me up the wall and means I am not paying people that I owe money!

Rob5342

Nationwide are hopelessly old fashioned, although apparently you can now make payments in the app without the ridiculous card reader.

If you switch to Starling you 3.25%, I'd switch to them now and then open another burner account for getting switch offers with when there are some available.

eskbanker

kmb500 said:

Hi, I can't find any switch bonuses at the moment. I know at certain times of the year the switch bonuses all disappear. Is this one of those times? When can I expect switch bonuses to be made available again?

There isn't a predictable calendar of when they are and aren't available, so you'll just have to wait and keep an eye out for offers as and when they return.

kmb500 said:

I am very eager to leave Nationwide as the card reader crap is driving me up the wall and means I am not paying people that I owe money!

If you literally mean that your card reader isn't working, have you asked them about it?

Emmia

eskbanker said:

kmb500 said:

Hi, I can't find any switch bonuses at the moment. I know at certain times of the year the switch bonuses all disappear. Is this one of those times? When can I expect switch bonuses to be made available again?

There isn't a predictable calendar of when they are and aren't available, so you'll just have to wait and keep an eye out for offers as and when they return.

kmb500 said:

I am very eager to leave Nationwide as the card reader crap is driving me up the wall and means I am not paying people that I owe money!

If you literally mean that your card reader isn't working, have you asked them about it?

I think it's the hassle of using a physical reader rather than an app to authorise 

WillPS

From last week's MSE email:

Will free cash switcher offers return? Very likely at some point, we just don't know when. There's a rumour one may surface very soon, others possibly in March, but there's no certainty.

Not sure there's much to add other than that. It is curious that First Direct have removed their almost full time offer completely, but perhaps they just didn't want to be 'the only option'.

Zanderman

WillPS said:

From last week's MSE email:

Will free cash switcher offers return? Very likely at some point, we just don't know when. There's a rumour one may surface very soon, others possibly in March, but there's no certainty.

Not sure there's much to add other than that. It is curious that First Direct have removed their almost full time offer completely, but perhaps they just didn't want to be 'the only option'.

FD have had an offer almost continually over many years, but they have changed it quite often, varying it from £100/£150 in about 2017 to a mere £50 (in 2019) and various other amounts, £100, £125, etc since until the most recent (and generous) £175. They even switched the offer to just vouchers or a fitbit in 2018.

So whilst it seems they've been consistent, they haven't been.  Though they do, usually, offer something and have, I'm fairly sure, been 'the only option' before. So whilst the current lack of an offer seems curious, it's perhaps just another of their many variations.

Only time will tell about FD and all the others too!

eskbanker

Emmia said:

eskbanker said:

kmb500 said:

I am very eager to leave Nationwide as the card reader crap is driving me up the wall and means I am not paying people that I owe money!

If you literally mean that your card reader isn't working, have you asked them about it?

I think it's the hassle of using a physical reader rather than an app to authorise 

Sure, I get that OP is unimpressed by the card reader, but I was questioning whether this literally means that they're failing to repay creditors.

If they can't do so, then it ought to be raised with Nationwide.

If they can't be bothered to do so, then that's a different matter....

dealyboy

Sorry OP ... it is off the substantive query but is the cause of it ... why do you need a card reader for Nationwide?

I have been an account holder for a while now and have only needed a card reader when setting up a new payee.

HillStreetBlues

Rob5342 said:

Nationwide are hopelessly old fashioned, although apparently you can now make payments in the app without the ridiculous card reader.

That's another excuse down the drain.
First cheque was in the post, then card reader needs new battery

WillPS

Zanderman said:

WillPS said:

From last week's MSE email:

Will free cash switcher offers return? Very likely at some point, we just don't know when. There's a rumour one may surface very soon, others possibly in March, but there's no certainty.

Not sure there's much to add other than that. It is curious that First Direct have removed their almost full time offer completely, but perhaps they just didn't want to be 'the only option'.

FD have had an offer almost continually over many years, but they have changed it quite often, varying it from £100/£150 in about 2017 to a mere £50 (in 2019) and various other amounts, £100, £125, etc since until the most recent (and generous) £175. They even switched the offer to just vouchers or a fitbit in 2018.

So whilst it seems they've been consistent, they haven't been.  Though they do, usually, offer something and have, I'm fairly sure, been 'the only option' before. So whilst the current lack of an offer seems curious, it's perhaps just another of their many variations.

Only time will tell about FD and all the others too!

I agree although I think it's a semantic stretch to position no offer as a variation of a switching offer!

So far as I know this is the first time, other than during the coronavirus outbreak (when applications were paused altogether), that no switching offer has been available in over a decade.

Bazzalona13295

Ever so slightly off topic but how do banks make these switches pay? Especially as there are so many who use switches as a means to make money.