The Cashback for Bank or Investment Accounts Discussion Thread

Altior

I can't see the point in dancing with the devil and gaming it, personally. I left the funds in eToro for the 90 days specified, but that was £5K so I can see why some people wanted it back quicker. £200 can't be material to too many people on here, and as I outlined, you're permitted to sell the free share immediately, which was worth £170 when I sold it. So I'll just leave the original £200 in a MM proxy for at least a few months.

Jazzking

https://forums.moneysavingexpert.com/discussion/comment/82005811#Comment_82005811

I used a different email address, but as has been said, given you need NI number address DoB etc it was probably not that difficult to link my new account to my previous (now closed) account.

I didn't have any problems last time, but I got in early and got the ~£480 of shares and was able to deposit and withdraw all i the space of about an hour.

This time I used a different bank and when I posted last night I'd requested the withdrawal and two hours later it hadn't landed but thankfully after about four hours it had come back to my linked bank account no problems. I made sure I'd done all of the verification before I make my initial deposit, and made sure I got screengrabs confirming the shares were ready to be allocated after I made my deposit.
I think I'm not going to push it as I am bending the rules a bit, but if you genuinely haven't had an eToro account before and can 'spare' £10k for a bit for a £500 return it's a nice offer.

Note that the Investment Centre link posted upthread states that the capital can with withdrawn anytime but the shares need to stay for 90 days, this seems at odds with the actual eToro T&Cs (same ones as January!) which states the deposit needs to stay i the account (but not necessarily invested) for 90 days:

Good luck for anyone giving it a go, but be warned of those who had bad experiences last time!

Clare43

https://forums.moneysavingexpert.com/discussion/comment/82005444#Comment_82005444

I’ve just sold my share and it did it all as one thing so bit 🤔 why yours had to be in two parts. I’ve left the money sitting there for now and will withdraw it in a few days. I’ve already taken £200 out this morning as I mistakenly put that in before clicking on the free share bit so put an extra £200 in to get it. Very easy £166.50 profit anyway 😊

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82006313#Comment_82006313

I may have had to sell the Nvidia free share in 2 parts because I'd opened the XTB account, deposited £200, and then withdrew the deposit and sold the free Nvidia share all within a couple of hours - hence the abuse clause and the system attempting to stop my quick money moving actions.

Either way, we both ended up with a great result 🤗🎉 - Congratulations to all those who were able to open an XTB account and get their free Nvidia share, with the offer having been taken up rather quickly and NLA 😂😅.

friolento

Let's give ourselves a big pat on the back for having helped eToro to increase their funded accounts by 12% 😎

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82005917#Comment_82005917

I'm very much of the same ilk. I've had an eToro account for a couple of months or so, but my gut and sixth sense kept telling me not to deposit any monies, even though the interest rates have been very competitive. The rates seemed a little too good to be true and I was concerned about getting funds back out again without issues - Contacting eToro is by either a raised ticket or chat, when / if anyone is online.

I too prefer to use my Cahoot 4.89% / 5% AER EA accounts for payments in and out each month whilst gaining compound interest - It certainly works for me 🤗.

tg99

I was contemplating closing my etoro (having opened in Jan for the £5k → £500 bonus offer) and then taking up this offer after 30 days if still available or another similar one that might come up later in the year or into next. But think I’ll pass after reading the above so thanks for the heads up Jazzking.

Any thoughts on whether the one per household condition would therefore also mean someone who didn’t do the January offer (and hasn’t previously held an etoro account) might not therefore be able to benefit from this offer if the other member of the household had already participated in the January offer? I.e. as etoro systems would detect that someone at that address had already benefited from an etoro offer even if not this current one?

explorerm

eToro

I closed my account back in January (I’d held the account for a year or two with a very small £100 investment in it). I closed with a view to being eligible in the future (I didnt receive any incentive for opening my account).

Any thoughts on if I would be eligible for this new offer ?