The co-operative bank £150 switching offer February 2025

steven141

https://www.co-operativebank.co.uk/products/bank-accounts/switch-and-stay/

Stargunner

They seem to add more hoops to get through every time they bring out a new switch offer.

poshrule_uk

Still can't do this if you have had something since November 2022 which I'm sure counts lots of people out 

HillStreetBlues

I see their target isn't the oldies.

Petriix

Stargunner said:

They seem to add more hoops to get through every time they bring out a new switch offer.

It looks identical to their previous offer. 

dcs34

I assume Co-op will count their referral offer as a switching offer - including payments to those doing the referring (even if they didn't "switch" themselves)?

SiliconChip

HillStreetBlues said:

I see their target isn't the oldies.

What are you referring to? I can't see anything that refers to age at all. Unless you think "oldies" (I'm 66, does that count?) are too useless to set up the app or a digital wallet, in which case the only ageism would be in your thinking.

HillStreetBlues

SiliconChip said:

HillStreetBlues said:

I see their target isn't the oldies.

What are you referring to? I can't see anything that refers to age at all. Unless you think "oldies" (I'm 66, does that count?) are too useless to set up the app or a digital wallet, in which case the only ageism would be in your thinking.

https://www.statista.com/statistics/1537930/digital-wallet-use-for-ecommerce-worldwide-by-demographic/
With your age grouping the only one lower than that one is over 79.
As the use of a digital wallet decreases with age, you wouldn't have that as a criteria if that was your target market.

twadds123

Just want to check my thinking on this offer.

Currently i've got a month or so left on the tsb offer which involves using debit card transactions,  I don't do enough to do that and this co-op one.

However i'm keen to get the switch started and therefore also access their regular saver.

If i'm understanding correctly, I can open the co-op account , set up the switch from another account (not the tsb for clarity) but can schedule the switch for up to 8 weeks in the future.

Then all the need for debit card transactions etc only starts once the switch is complete and the first part of the bonus is received.

Then I can move my debit card spending to the co-op account?

So in summary.

Open Co-op account now.

Start switch but set switch date to early april. (not the tsb account)

I can open regular saver straight away once account open.

continue using debit card for tsb in march to complete their offer.

Switch completes at start of april,

once complete, deposit £1000, have 2 direct debits, have card on digital wallet, use 10 debit card transactions.  then they pay the first £75

Their personal "month" starts then,  do above for 3 more "months"  get the 3*£25 and then i'm free to move my debit card spending as i wish.

That make sense?

jadex

"which involves using debit card transactions,  I don't do enough to do that"

go to self-checkout and scan and pay for individual items...
or separate 5 cheapest items from your bigger weekly shop and pay for them in 5 separate transactions -> over 4 weeks you'd end up with 20 transactions

PRAISETHESUN

dcs34 said:

I assume Co-op will count their referral offer as a switching offer - including payments to those doing the referring (even if they didn't "switch" themselves)?

I qualified for their incentive last year despite having been referred for an account previously a few years before that. Never acted as the referrer though, so I'm unsure if that changes things.