Bank switching; What's a good account to open just to do a switch shortly after?

geoff258

Hi everyone.

Looking for a recommendation for a bank account to open that I will switch from shortly afterwards.

I only currently use Nationwide which I don't want to lose or open another account with.

Thanks in advance!

steven141

Chase is the best to open and close additional accounts with to switch. You just need to make sure that you gave at least one account open otherwise you can't re-join after leaving

PRAISETHESUN

Another vote for Chase. I've been opening new accounts purely for switching for a while now and I haven't had any issues with them because of it.

As above, make sure you open at least two accounts to start with and always keep at least one open at all times. If at any point you close your last account with them (eg. by switching when you only have one account) then they still not ever let you open another account with them again.

geoff258

Ok thanks.

So if I've got this right, I open 2 accounts with Chase (at the same time?) Then switch with the 'spare' one, and then open another Chase account to replace it and repeat?

nigelholl2

I've just started sown the switching rabbit hole, and following some research I went with Monzo.

Was very easy to setup & 1st switch paid out, just waiting for the two direct debits to pay tomorrow, and 2nd switch will be started.

I to thought about Chase, as they seem highly rated, but wanted to keep them in reserve for normal banking, so I can keep switching project as it's own separate enterprise.

danny13579

geoff258 said:

Ok thanks.

So if I've got this right, I open 2 accounts with Chase (at the same time?) Then switch with the 'spare' one, and then open another Chase account to replace it and repeat?

You can open up to 20 accounts with Chase, but as said above always keep at least one open with them. My only use for them now is for creating donor accounts.