Do Banks care how many times you open a new account?
eaglesrjh
Posts: 376 Forumite
Just wondered if banks are likely to frown upon you opening new accounts just as dummy accounts for switching purposes.
I recently did a switch with a "spare" account but i'd like to start another before I can move the new "spare"
So it looks like it would be easy to open another "spare" account with my existing bank, but are they likely to cause problems if I open an account and then switch it soon and therefore cause it to close?
If I do this a few times will they stop me opening new ones or even worse close my main account?
Just wondered if anyone knew or had experience of this.
I recently did a switch with a "spare" account but i'd like to start another before I can move the new "spare"
So it looks like it would be easy to open another "spare" account with my existing bank, but are they likely to cause problems if I open an account and then switch it soon and therefore cause it to close?
If I do this a few times will they stop me opening new ones or even worse close my main account?
Just wondered if anyone knew or had experience of this.
if i had known then what i know now
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Comments
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If you do it online nobody at the bank will care.
If you do it in branch they will twig before long that you are wasting their time and find ways to cancel your appointments.0 -
jonesMUFCforever wrote: »If you do it in branch they will twig before long that you are wasting their time and find ways to cancel your appointments.0
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Just wondered if banks are likely to frown upon you opening new accounts just as dummy accounts for switching purposes.
I recently did a switch with a "spare" account but i'd like to start another before I can move the new "spare"
So it looks like it would be easy to open another "spare" account with my existing bank, but are they likely to cause problems if I open an account and then switch it soon and therefore cause it to close?
If I do this a few times will they stop me opening new ones or even worse close my main account?
Just wondered if anyone knew or had experience of this.
Trying to keep on topic:)
I don't know if they would go so far as to close your account, but if I wanted to maintain a long standing relationship with the bank, then I wouldn't open more than one or two 'donor' accounts with them. There are plenty to choose from;).0 -
If you switch to a new provider what is to stop you opening a second new account with them (eventually) and making that a donor account?
You might be able to do that each time you switch rather than keep opening and switching at the very same bank each time.
Do it too many times and that might drive them 'nuts'... (sorry)
As we know money doesn't grow on trees, or in the branches......Being polite and pleasant doesn't cost anything! --
Many thanks
-Stash bust:in 2022:337
Stash bust :2023. 120duvets, 24 bags, 43 dog coats, 2 scrunchies, 10 mittens, 6 bootees, 8 glass cases, 2 A6 notebooks, 59 cards, 6 lav bags,36 angels,9 bones, 1 knee blanket, 1 lined bag,3 owls, 88 pyramids = total 420 total spend £5. Total for 'Dogs for Good' £546.82
2024:23 Doggy duvets,29 pyramids, 6 hottie covers, 4 knit hats,13 crochet angels,1 shopper, 87cards=163 £86 spent!!!0
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