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Santander switch incentive

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Comments

  • goatfaced
    goatfaced Posts: 335 Forumite
    Fifth Anniversary 100 Posts Name Dropper Photogenic
    I don't know, I moved 2 of our id mobile contracts over instead. They are £7 contracts so I only lose out on the 7p a month 123 lite cash back. Neither have been taken yet but the new details are showing in my idmobile app.
  • mr_accountant
    mr_accountant Posts: 816 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    edited 8 August at 6:38PM
    Ive received the £180 into my santander account despite not being eligible as I received £130 in November 2021 😁

    The payment was made just a couple of days after the 60 days check from the switch date request
  • slinger2
    slinger2 Posts: 1,081 Forumite
    1,000 Posts First Anniversary Name Dropper
    My £180 popped into my Edge account today. I've already opened and funded the Edge Saver paying 6% AER (for a year) and the Monthly Saver paying 5%. On the down side I'm paying the £3 monthly fee, although that's currently matched by £3 cashback on my direct debits.
  • Nasqueron
    Nasqueron Posts: 10,973 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 26 August at 4:01PM
    slinger2 said:
    My £180 popped into my Edge account today. I've already opened and funded the Edge Saver paying 6% AER (for a year) and the Monthly Saver paying 5%. On the down side I'm paying the £3 monthly fee, although that's currently matched by £3 cashback on my direct debits.

    You can downgrade it after the switch bonus, plenty of people did that at the last switch (assuming terms don't say you must keep the premium one for X number of months which you should check yourself)

    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.

  • PRAISETHESUN
    PRAISETHESUN Posts: 4,950 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Ive received the £180 into my santander account despite not being eligible as I received £130 in November 2021 😁

    The payment was made just a couple of days after the 60 days check from the switch date request

    This is exactly my experience as well. Had previously held a current account which was paid an incentive in 2021. I closed it down a few years later. I opened a new one primarily for the Edge saver and took a chance on the switch incentive.

    Opened new account at the start of July, paid in £4000 into my current account, transferred immediately to Edge saver. First day of the next month (based on account opening date) I moved my energy and water bill DDs to Santander, transferring cash from the Edge saver to cover them, which paid out later that month. The 60 day qualifying period was yesterday, and I've received my switch incentive today. Going to cancel my DDs and should hopefully never have to worry about the fee being charged 🙂
  • Theleak250
    Theleak250 Posts: 251 Forumite
    100 Posts Photogenic First Anniversary
    Not received my bonus thus far, getting close to 60 days since switch.
  • danny13579
    danny13579 Posts: 832 Forumite
    500 Posts Second Anniversary Photogenic Name Dropper
    Not received my bonus thus far, getting close to 60 days since switch.
    It's 60 days from the date you requested the switch to assess your account, then another up to 30 days to pay the bonus, though it's usually pretty soon after the 60 days.
  • Theleak250
    Theleak250 Posts: 251 Forumite
    100 Posts Photogenic First Anniversary
    My bonus has now been paid, so it was paid just under 60 days from switch. Now to try for LLOYDS on Monday  B)
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