Online only Banks

PRAISETHESUN

https://forums.moneysavingexpert.com/discussion/comment/81918235#Comment_81918235

And as long as you have 3x separate DD mandates listed on the account you're switching. No direct experience with Stripe, but I know some services can use a single mandate to service multiple irregular DD payments

Hacksawcats1

Ok, thanks for the replies :-)

Hacksawcats1

Another question I'm afraid :-) :

I've opened up a couple o fdummy accounts with Chase for transfer purposes. I've stupidly named these accounts "coop switch" and "Lloyds switch". I have also previously opened a third account witch has now been switched to TSB.

I've now received an email from Chase saying something along the lines of I'm breaking their T&C's and I am misusing their service. (See below)

"While you can open multiple current accounts with us to help manage your money, we expect our customers to use these accounts in a fair way. If we notice any further misuse of our accounts or the Current Account Switch Service, we may close your account and terminate our relationship with you"

I genuinely didn’t think Iwas breaking any rules. So my question is: should I just come clean with them and admit to them I have indeed opened these additional account for switching purposes and ask If I can still use these additional accounts to switch?

Many thanks for anyr advice in advance, from a dumb !!!!!!! :-)

Hacksawcats1

Hi All, (Again)

Can I pay my Netfilx bill with DD? I cant seem to find an option in the "change my payment method"

MTIA

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81919098#Comment_81919098

No

Hacksawcats1

https://forums.moneysavingexpert.com/discussion/comment/81919114#Comment_81919114

Thanks for letting me know :-)

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81919087#Comment_81919087

Seems simple, how much do you want a Chase current account? More than the couple hundred quid the switches will get you?

Because they will probably debank you. And not let you back.

Fine if you have alternative account(s) already set up and Chase is just a nice to have, not good if it's your only bank account and you value it.

Maegi

https://forums.moneysavingexpert.com/discussion/comment/81919128#Comment_81919128

I would have thought that ship has probably already sailed - especially if the OP isn't using the core current account as some kind of current account.

flaneurs_lobster

Talking of online only banks - Revolut have finally been granted a full banking licence.

https://www.theguardian.com/business/2026/mar/11/british-fintech-revolut-gets-full-banking-licence

Nasqueron

https://forums.moneysavingexpert.com/discussion/comment/81919087#Comment_81919087

Chase have started to clamp down on people creating multiple extra accounts to switch away, it's more sensible to add 1 or 2 extra with multiple places to switch not create 3 accounts to switch 2 away which costs them money