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

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Comments

  • What happens to the RS (if anything) if you switch from the co-op?
    Let's Be Careful Out There
  • Nasqueron
    Nasqueron Posts: 10,688 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    What happens to the RS (if anything) if you switch from the co-op?
    If it's tied to the current account then they may close it, they may not notice such is their legacy IT system. It would also depend on the rules on how you pay in e.g. if you must pay into it from a Co-Op account

    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.

  • WillPS
    WillPS Posts: 5,144 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    Nasqueron said:
    What happens to the RS (if anything) if you switch from the co-op?
    If it's tied to the current account then they may close it, they may not notice such is their legacy IT system. It would also depend on the rules on how you pay in e.g. if you must pay into it from a Co-Op account

    The only bank who police this rigidly, as far as I know, is First Direct.

    Santander is also impossible to pay in to other than internally as there are no BACS details given.
  • Santander is also impossible to pay in to other than internally as there are no BACS details given.
    I pay into my Santander Edge Saver externally or do you mean another account?
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