The Cashback for Bank or Investment Accounts Discussion Thread

TheElectricCow

https://forums.moneysavingexpert.com/discussion/comment/81878504#Comment_81878504

The offer terms, as opposed to the AI summary, are quite clear in this regard:

E. You must maintain an active investment portfolio in your Share Dealing until 30 June 2026 (inclusive). This means you must open, close, or maintain an open position in each month from January to June 2026 inclusive.

I.e. just keeping the money invested is sufficient to qualify for the offer.
You could also remain eligible after pulling the money out, provided you continue to make at least one trade each month (assuming any such actions aren’t seen to “abuse the spirit or intention” of the promotion, as determined by IG).

andyhicks88

https://forums.moneysavingexpert.com/discussion/comment/81878533#Comment_81878533

Yeh that's what I meant. I guess I was unsure as opening an account and investing seems more of a vague 'purchase' than just buying something through Argos or something doesn't it. The offer as far as I can see requires a "spend" of £10…….to get the cashback for the Santander offer you have to invest £100 so in my eyes I would be meeting the requirement but whether it would actually track as a £10 plus purchase I'm unsure….

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81878545#Comment_81878545

Just checked my TCB account, I've got paid cashback for the Santander S&S ISA deal but it shows as zero purchase value. Maybe you are right to be cautious. £10 Tesco gift card?

Rheumatoid

https://forums.moneysavingexpert.com/discussion/comment/81878534#Comment_81878534

I now have 2 email responses. Not sure if both human😂

I have asked the second responder to check again as I have one unit at around £201:

"Thanks for your email.

This is to confirm the code deposit200 has been successfully applied to your account.

Below you will also find Terms and Conditions of the promotion:

Deposit Match Promotion - IG UK

If you have any further queries, please do not hesitate to contact us.

Regards

Weronika

Trading Services"

Thank you for your message regarding the DEPOSIT200 promotion. To qualify for the £200 bonus, your first trade in a qualifying share dealing account (GIA, ISA, or SIPP) must be worth at least £200. Trades below this amount or with zero value will not qualify. I can see that you currently have an open position in HSBC Sterling Liquidity Fund UCITS ETF Acc with a size of 0.01 lots. Please note that this position is too small to meet the £200 minimum requirement for the promotion. Additionally, the promotion requires that you hold at least one open position in your account until 28 February 2026. This means your account must always have at least one investment during the qualifying period.You may sell one position and buy another, but your account cannot have zero positions at any time, or it may disqualify you from receiving the bonus. If you would like to qualify, you would need to make a first trade of £200 or more in your GIA, ISA, or SIPP account and maintain at least one open position through the qualifying period. Kind regards,Delcio Lopes

alewin

https://forums.moneysavingexpert.com/discussion/comment/81877212#Comment_81877212

Did you get charged for Stamp Duty? I got charged 1p, taken from my £1 deposit.

Is it free to withdraw to a bank account?

snookerloopy96

With the IG offer do they offer a 'simple' type of investment? I did the Santander S&S ISA through TopCashback and they had 'ready made boxes' for innocents like me.

Mamma2004

https://forums.moneysavingexpert.com/discussion/comment/81879150#Comment_81879150

I didn't get charged and it was free to withdraw.

londonguy8574857

Reading the t+c's - doesn't state you need to keep the inital deposit in the account. So assuming, you can add £200, buy one share i.e. £1 (leaving it until July) and withdraw the remaining amount straight away i.e. £199?. Still get the £200 in July?

norton66

https://forums.moneysavingexpert.com/discussion/comment/81879598#Comment_81879598

I read it this way too but for the sake of holding a £200 investment that I'd hold elsewhere anyway I'm not going to test it.

londonguy8574857

https://forums.moneysavingexpert.com/discussion/comment/81879621#Comment_81879621

Spoke to them - and they said this (although can't find it in the t+c's): If you deposit £200 and then withdraw any portion of it before the qualifying date (such as 1st July), the cashback or bonus amount will be calculated based on the net qualifying transfer value, which is your total transfer minus any withdrawals made during the qualifying period.

This means:

• If you deposit £200, but withdraw part of it before the end of the qualifying period, only the remaining amount (after withdrawals) will count towards the bonus.
• The bonus is not increased by additional deposits after the promotional period, cash deposits, or internal transfers.
• Withdrawals during the qualifying period reduce your eligible bonus amount.
  So, to receive the full match offer, you must keep the full qualifying amount in your account until the end of the period.