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  • FIRST POST
    • fenwick458
    • By fenwick458 14th Oct 19, 10:11 PM
    • 121Posts
    • 16Thanks
    fenwick458
    switching incentives for joint accounts
    • #1
    • 14th Oct 19, 10:11 PM
    switching incentives for joint accounts 14th Oct 19 at 10:11 PM
    Is this available for joint accounts, and if so with who?
    can you get one incentive for a sole account and one for a joint account from the same bank?
    Last edited by fenwick458; 14-10-2019 at 11:02 PM.
Page 1
    • YorkshireBoy
    • By YorkshireBoy 14th Oct 19, 10:15 PM
    • 31,014 Posts
    • 19,020 Thanks
    YorkshireBoy
    • #2
    • 14th Oct 19, 10:15 PM
    • #2
    • 14th Oct 19, 10:15 PM
    Is this available for joint accounts, and if so with who?
    can you get one incentive for a sole account and one for a single account from the same bank?
    Originally posted by fenwick458
    Q1. I've only ever seen two offers specifically exclude joint accounts. But switching a joint is just throwing money away! See below.

    Q2. I'm reading between the lines (because you didn't proof read before posting) but the answer is no.
    • jonesMUFCforever
    • By jonesMUFCforever 14th Oct 19, 10:16 PM
    • 26,166 Posts
    • 13,333 Thanks
    jonesMUFCforever
    • #3
    • 14th Oct 19, 10:16 PM
    • #3
    • 14th Oct 19, 10:16 PM
    You can get an incentive from any bank as long as you switch a joint account to a joint account or sole to sole.
    I think you will only get one incentive per bank per person but check the terms and conditions first to see if you can find any loopholes.
    What goes around - comes around
    give lots and you will always receive lots
    • Geht fit
    • By Geht fit 14th Oct 19, 10:35 PM
    • 33 Posts
    • 23 Thanks
    Geht fit
    • #4
    • 14th Oct 19, 10:35 PM
    • #4
    • 14th Oct 19, 10:35 PM
    I've switched 2 joint accounts this year. Lloyds to HSBC, and Co-op to Barclays. This makes sense for us, as we pay 2 direct debits out of each account. We gained switching bonuses with both accounts.
    • PRAISETHESUN
    • By PRAISETHESUN 15th Oct 19, 10:10 AM
    • 1,355 Posts
    • 746 Thanks
    PRAISETHESUN
    • #5
    • 15th Oct 19, 10:10 AM
    • #5
    • 15th Oct 19, 10:10 AM
    Usually you can switch a joint account for an incentive. However, as most offers typically pay only 1 incentive per account AND per person, this will disqualify BOTH account holders from receiving further incentives. The best way to maximise switching incentives is usually to both open a sole account each and switch, receiving 2x incentives total, and once the incentives have been paid subsequently make one of the sole accounts into a joint one.
    • soulsaver
    • By soulsaver 15th Oct 19, 10:25 AM
    • 2,529 Posts
    • 1,258 Thanks
    soulsaver
    • #6
    • 15th Oct 19, 10:25 AM
    • #6
    • 15th Oct 19, 10:25 AM
    Usually you can switch a joint account for an incentive. However, as most offers typically pay only 1 incentive per account AND per person, this will disqualify BOTH account holders from receiving further incentives. The best way to maximise switching incentives is usually to both open a sole account each and switch, receiving 2x incentives total, and once the incentives have been paid subsequently make one of the sole accounts into a joint one.
    Originally posted by PRAISETHESUN
    Note that Lloyds (and maybe others) require a branch visit by both to convert a solo ac to a joint.

    Strangely Halifax don't, IIRC.
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