We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Barclays minimum £2000 pay in for the £200 bonus

Does anyone know if the £2000 that needs to be paid into the barclays account after switching to it has to be done in one transaction, or can it be paid in over 2 transactions?

Comments

  • wmb194
    wmb194 Posts: 5,257 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Does anyone know if the £2000 that needs to be paid into the barclays account after switching to it has to be done in one transaction, or can it be paid in over 2 transactions?
    What do the terms and conditions say?
  • badger09
    badger09 Posts: 11,677 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Does anyone know if the £2000 that needs to be paid into the barclays account after switching to it has to be done in one transaction, or can it be paid in over 2 transactions?
    wmb194 asks a valid question

    If those T&Cs don’t specify £2k in one transaction, then it’s not necessary. What is NOT said in T&Cs is as important as what IS said. 
    This is a current account where money goes in & out. I’ve never seen one which specifies a single lump sum deposit.  
  • l.c.elliott
    l.c.elliott Posts: 100 Forumite
    Eighth Anniversary 10 Posts Photogenic
    badger09 said:
    Does anyone know if the £2000 that needs to be paid into the barclays account after switching to it has to be done in one transaction, or can it be paid in over 2 transactions?
    wmb194 asks a valid question

    If those T&Cs don’t specify £2k in one transaction, then it’s not necessary. What is NOT said in T&Cs is as important as what IS said. 
    This is a current account where money goes in & out. I’ve never seen one which specifies a single lump sum deposit.  
    I looked at the Ts and Cs and couldn't see anything about it needing to be in one lump sum or not, hence me asking the question. So I'm assuming that means I can do it in 2 go's.
  • badger09
    badger09 Posts: 11,677 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    badger09 said:
    Does anyone know if the £2000 that needs to be paid into the barclays account after switching to it has to be done in one transaction, or can it be paid in over 2 transactions?
    wmb194 asks a valid question

    If those T&Cs don’t specify £2k in one transaction, then it’s not necessary. What is NOT said in T&Cs is as important as what IS said. 
    This is a current account where money goes in & out. I’ve never seen one which specifies a single lump sum deposit.  
    I looked at the Ts and Cs and couldn't see anything about it needing to be in one lump sum or not, hence me asking the question. So I'm assuming that means I can do it in 2 go's.
    Or 3,4,10,20 etc etc 
  • PRAISETHESUN
    PRAISETHESUN Posts: 4,969 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    If it's not specified then it can be as many transactions as you want. Can do 2x £1000, 4x £500, etc, or even 2000x £1 if you really wanted to make a point.
  • Nasqueron
    Nasqueron Posts: 11,041 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    badger09 said:
    Does anyone know if the £2000 that needs to be paid into the barclays account after switching to it has to be done in one transaction, or can it be paid in over 2 transactions?
    wmb194 asks a valid question

    If those T&Cs don’t specify £2k in one transaction, then it’s not necessary. What is NOT said in T&Cs is as important as what IS said. 
    This is a current account where money goes in & out. I’ve never seen one which specifies a single lump sum deposit.  
    I looked at the Ts and Cs and couldn't see anything about it needing to be in one lump sum or not, hence me asking the question. So I'm assuming that means I can do it in 2 go's.
    Right but if the terms don't specify it must be one payment or that it must be that amount left in the account for X period (iirc Barclays did that previously) then you don't need to. They would lose any case at the FOS if they didn't require that, then tried to not pay out on the basis of a term that was not specified.

    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.

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245K Work, Benefits & Business
  • 600.6K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.