Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • kamizide
    • By kamizide 14th Jul 17, 9:00 PM
    • 10Posts
    • 0Thanks
    Switching donor account query
    • #1
    • 14th Jul 17, 9:00 PM
    Switching donor account query 14th Jul 17 at 9:00 PM

    I was wondering about switching accounts. I was going to open a donor account and then switch, is there a minimum time period required of holding the account before being able to switch.?

    I'm going to assume it may be difficult to get another current account with the donor bank in the future?

Page 1
    • bigadaj
    • By bigadaj 15th Jul 17, 6:29 AM
    • 10,810 Posts
    • 7,126 Thanks
    • #2
    • 15th Jul 17, 6:29 AM
    • #2
    • 15th Jul 17, 6:29 AM
    No minimum time, just depends on the t &cs of the account you're switching to. So it's often best to set up direct debits in the donor account and let them pay out at least once before switching for example.

    Donor account is easier to set up as a basic or no frills account with a bank you already have an account with, fewer problems with credit and identification checks.

    I've used Santander for this purpose for several switches and had no problems doing it again. I've also used the imutual cashback when opening these accounts for a free 30, not sure if that is still available.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,832Posts Today

8,341Users online

Martin's Twitter
  • Facebook today admitted in parliament that after it heard of my defamation lawsuit against it for 50 fake scam ads?

  • RT @jamiesusskind: After more than 10 years, and with such sadness, I am leaving Labour. I'm doing it for the same reason that I joined: be?

  • RT @Deeangelique_: I suggested @MartinSLewis get 'I Don't Do Ads' tattooed to his forehead yesterday. Today he posted this. I gave Martin L?

  • Follow Martin