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Coop switch offer

mta999
mta999 Posts: 144 Forumite
100 Posts Name Dropper
edited 10 September at 5:13PM in Budgeting & bank accounts
Sorry if duplicate thread

£175 bank switching deal launched - here's what you need to know

The Co-operative Bank is offering customers £175 for switching their current account. 

The deal is available to new and existing customers who switch to a Standard Current Account, Current Account Plus, Privilege, Privilege Premier or Everyday Extra account. 

You will get £100 in cash within 30 days of making the switch, followed by £25 a month for three months after that. 

You'll also get exclusive access to savings accounts, including its Regular Saver product, which offers 7% AER on up to £250 a month. 

If you opt for the Everyday Extra account, you'll be able to access travel insurance, breakdown cover and mobile phone insurance for free for three months. 

This usually costs £18 a month. For the first three months, this amount will be debited from your account, but it will be given back to you. 

Are you eligible? 

To qualify for the deal, you need to deposit a minimum of £1,000 into the new account, have two direct debits set up and make a minimum of 10 card payments in the first 30 days. 

You also need to register for online or mobile banking. 

If you have received a switch incentive from the bank since 1 November 2022, you will not be eligible. 

To get the £25 a month for three months, you need to continue to actively use your current account. 

Each month, you need to deposit £1,000 or more, make 10 or more card payments and have two or more direct debits.

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