Co-Op Bank Switcher Offer - Launched 07/06/24

Marcoos

HillStreetBlues said:

Marcoos said:

£75 paid!

Further info

Switch started - 25/06
Completed - 19/07
£1k paid in - 23/07
Last debit card transaction cleared - 24/07

I've got 2 directs debits setup and showing, but nothing taken from them yet. I've now got till 10/09 to setup and fund the Regular Saver. Which is already setup, so can now go ahead and fund

I got that message as well, but it's different to the T&Cs of the offer.

3.2 Has opened a Regular Saver account by no later than midnight on the last day of the full calendar month,
following the month in which the £75 switch incentive in section A was received (“the qualifying Regular Saver
account”)

According to that you need to open RS by 31/08

Not quite sure why they suggested 10/09! I didn't really dwell on the dates, as my RS is setup. Which I intend to fund in the next couple of days.

HillStreetBlues

How long did it take to fully open the MS so you could pay money into it?  I'm wanting to wait till near the end of month, but don't want to leave it too late.

Marcoos

HillStreetBlues said:

How long did it take to fully open the MS so you could pay money into it?  I'm wanting to wait till near the end of month, but don't want to leave it too late.

Couple of business days. I opened mine on a Friday. It was showing in the app by the following Tuesday. Think it was 19/07 opened, 23/07 available in the app and 30/07 funded.

The day you fund it is when the 12 months start, which you get 30 days to fund. So could open today and hold out funding till end of the month.

HillStreetBlues

Marcoos said:

HillStreetBlues said:

How long did it take to fully open the MS so you could pay money into it?  I'm wanting to wait till near the end of month, but don't want to leave it too late.

Couple of business days. I opened mine on a Friday. It was showing in the app by the following Tuesday. Think it was 19/07 opened, 23/07 available in the app and 30/07 funded.

The day you fund it is when the 12 months start, which you get 30 days to fund. So could open today and hold out funding till end of the month.

I want to open as late as possible, payment at end of month, then at the beginning of Sep, as I can fund it 13 times and get as much interest as poss.

Marcoos

HillStreetBlues said:

Marcoos said:

HillStreetBlues said:

How long did it take to fully open the MS so you could pay money into it?  I'm wanting to wait till near the end of month, but don't want to leave it too late.

Couple of business days. I opened mine on a Friday. It was showing in the app by the following Tuesday. Think it was 19/07 opened, 23/07 available in the app and 30/07 funded.

The day you fund it is when the 12 months start, which you get 30 days to fund. So could open today and hold out funding till end of the month.

I want to open as late as possible, payment at end of month, then at the beginning of Sep, as I can fund it 13 times and get as much interest as poss.

Sorry don't think I explained very well. You can open now/today. You then have 30 days to fund. The day you fund is the start of the 12 month term

https://www.co-operativebank.co.uk/assets/pdf/bank/savings/regular-saver/regular-saver-welcome-guide.pdf

"12 month term - The 12 months starts from the date we receive and accept your 1st deposit"

I've literally done what you're trying to do. I funded on 30/07 (didn't want to risk any issues on 31st) and then again on 01/08. I opened the MS on 19/07.

HillStreetBlues

Marcoos said:

HillStreetBlues said:

Marcoos said:

HillStreetBlues said:

How long did it take to fully open the MS so you could pay money into it?  I'm wanting to wait till near the end of month, but don't want to leave it too late.

Couple of business days. I opened mine on a Friday. It was showing in the app by the following Tuesday. Think it was 19/07 opened, 23/07 available in the app and 30/07 funded.

The day you fund it is when the 12 months start, which you get 30 days to fund. So could open today and hold out funding till end of the month.

I want to open as late as possible, payment at end of month, then at the beginning of Sep, as I can fund it 13 times and get as much interest as poss.

Sorry don't think I explained very well. You can open now/today. You then have 30 days to fund. The day you fund is the start of the 12 month term

https://www.co-operativebank.co.uk/assets/pdf/bank/savings/regular-saver/regular-saver-welcome-guide.pdf

"12 month term - The 12 months starts from the date we receive and accept your 1st deposit"

I've literally done what you're trying to do. I funded on 30/07 (didn't want to risk any issues on 31st) and then again on 01/08. I opened the MS on 19/07.

Thanks
Going to open it now then just wait.

SickGroove

When will the additional £15 get paid into the regular saver if all criteria met?

Already received the initial £75 incentive 

Marcoos

SickGroove said:

When will the additional £15 get paid into the regular saver if all criteria met?

Already received the initial £75 incentive 

I think the £15 gets paid into the current account. 

It might be 10th or after. As that seems to be the day they check the active direct debits. 

Mine will either be in a couple of days or next month. As I was given till 10/09 to set up and fund the RS etc. But hopefully in the next couple of days

juw8e7

Debit card use - Would a debit and credit for the same service 5 times count?

SickGroove

Anyone had their first additional £15 yet & if so was it paid into the main account or regular saver?