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@.

Search
  • FIRST POST
    • KieranMac
    • By KieranMac 29th Nov 17, 9:30 PM
    • 10Posts
    • 0Thanks
    KieranMac
    Can I switch an old. unused bank account?
    • #1
    • 29th Nov 17, 9:30 PM
    Can I switch an old. unused bank account? 29th Nov 17 at 9:30 PM
    Hey,

    I have a Student Bank Account with Halifax, which has 50 in but has not been used for more than 3 years. It was my current account, but I set up an account with Santander and just left the old account open.

    Can I use this old Halifax account to switch to one of the banks offering 100?

    Cheers
Page 1
    • BoGoF
    • By BoGoF 29th Nov 17, 9:47 PM
    • 3,138 Posts
    • 2,427 Thanks
    BoGoF
    • #2
    • 29th Nov 17, 9:47 PM
    • #2
    • 29th Nov 17, 9:47 PM
    You could but will need check and see if new bank needs active direct debits as part of switch and most have minimum monthly pay ins.
    • radoslaff
    • By radoslaff 30th Nov 17, 8:51 AM
    • 109 Posts
    • 34 Thanks
    radoslaff
    • #3
    • 30th Nov 17, 8:51 AM
    • #3
    • 30th Nov 17, 8:51 AM
    You can easily switch to FD or M&S as they don't require DDs. I would go for FD (via MSE link of course) because with them you are not restricted where to spend the incentive.
    • Katiehound
    • By Katiehound 30th Nov 17, 1:03 PM
    • 4,403 Posts
    • 38,791 Thanks
    Katiehound
    • #4
    • 30th Nov 17, 1:03 PM
    • #4
    • 30th Nov 17, 1:03 PM
    I think that both of those - M&S and FD will require 1k pay in per month. It is a good idea to 'groom' the account ready for switching by doing a trial pay in and pay out especially if you are setting up SOs.
    I am assuming you won't want to leave 1k resting there!!

    If you want to earn some interest there are several other accounts but they all require x 2 DDs per month.
    Being polite and pleasant doesn't cost anything!
    If you found my posting helpful please hit the "Thanks" button!
    Many thanks

    2018 Wombling : Entrant 8 ..2280 cc+.2205mm (2.20.5) + RK 5.21= 30.25.5
    • Kim_13
    • By Kim_13 30th Nov 17, 1:44 PM
    • 1,901 Posts
    • 2,035 Thanks
    Kim_13
    • #5
    • 30th Nov 17, 1:44 PM
    • #5
    • 30th Nov 17, 1:44 PM
    This article outlines the top accounts available and the requirements to obtain the various incentives: https://www.moneysavingexpert.com/banking/compare-best-bank-accounts#bonus
    Sealed Pot 11 #520 ~ /100
    VSP 2018 #9 ~ 19.55/180.00
    CCCC 2018 #1 ~ 20.75/180.00
    • About-time
    • By About-time 1st Dec 17, 8:48 AM
    • 52 Posts
    • 48 Thanks
    About-time
    • #6
    • 1st Dec 17, 8:48 AM
    • #6
    • 1st Dec 17, 8:48 AM
    I've just done exactly this to get the 250 from Yorkshire bank.


    Halifax account, opened twenty years ago as I worked for them and it was a condition of my employment that my wages were paid into a Halifax account. Untouched since the mid-00s, I didn't even have a current debit card for it. But the switch seems to have gone through fine. So I would say yes, based on my experience, as long as you fulfil all the pay-in, DD requirements etc
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

668Posts Today

6,296Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line? https://t.co/kwjvtd75YU

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin