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
    • InvestingNow
    • By InvestingNow 11th Jul 18, 12:51 PM
    • 12Posts
    • 0Thanks
    InvestingNow
    Free money for switching accounts with no direct debits?
    • #1
    • 11th Jul 18, 12:51 PM
    Free money for switching accounts with no direct debits? 11th Jul 18 at 12:51 PM
    Is there any bank that gives you free money or high interest for switching accounts with no direct debits?
Page 1
    • Dolly Rocker
    • By Dolly Rocker 11th Jul 18, 1:29 PM
    • 4,072 Posts
    • 11,697 Thanks
    Dolly Rocker
    • #2
    • 11th Jul 18, 1:29 PM
    • #2
    • 11th Jul 18, 1:29 PM
    I don't think there are, I'm sure most have a minimum of 2 DD's required.

    I am with Nationwide and that was the amount I had to transfer for the switch.

    Dxxx
    Debt Free in 2018 12364.09/12754.09
    Goal Weight in 2019 29lbs/91lbs
    SPC#13

    12th November 2018 - I have 2 Nationwide Referrals available, PM me if you want 100 to switch accounts
    • eskbanker
    • By eskbanker 11th Jul 18, 2:08 PM
    • 8,378 Posts
    • 9,471 Thanks
    eskbanker
    • #3
    • 11th Jul 18, 2:08 PM
    • #3
    • 11th Jul 18, 2:08 PM
    First Direct don't pay a cash incentive for switching anymore but do offer gifts, and also access to their 5% regular saver, with no DD requirement.
    • binaryuniverse
    • By binaryuniverse 11th Jul 18, 2:30 PM
    • 780 Posts
    • 490 Thanks
    binaryuniverse
    • #4
    • 11th Jul 18, 2:30 PM
    • #4
    • 11th Jul 18, 2:30 PM
    Natwest's recent offer didn't. By extension that probably also means RBS didn't either. But both have ended.

    Barclay's didn't require to switch DDs to get their recent 14 (11 net) per month offer. Although you DO need 2 DDs set up later to get the cash. That has also ended.

    Halifax don't require DDs to be switched. They offer 75 at the moment. However, that does often go up to 125. So it could be worth waiting on that one. You also get 3 per month rewards, for paying in 750m but you must then set up 2 DDs on the account (don't need to be switched) to get the extra cash.

    First Direct don't request DDs, but they aren't giving out straight cash anymore.
    Last edited by binaryuniverse; 11-07-2018 at 3:04 PM.
    • Zanderman
    • By Zanderman 11th Jul 18, 2:51 PM
    • 1,858 Posts
    • 4,556 Thanks
    Zanderman
    • #5
    • 11th Jul 18, 2:51 PM
    • #5
    • 11th Jul 18, 2:51 PM
    Natwest's recent offer didn't. By extension that probably also means RBS didn't either. But both have ended.

    Barclay's didn't require DDs to get their recent 14 (11 net) per month offer. That has also ended.

    Halifax don't require DDs to be switched. They offer 75 at the moment. However, that does often go up to 125. So it could be worth waiting on that one. You also get 3 per month rewards, for paying in 750m but you must then set up 2 DDs on the account (don't need to be switched) to get the extra cash.

    First Direct don't request DDs, but they aren't giving out straight cash anymore.
    Originally posted by binaryuniverse
    Actually Barclays do require DDs, otherwise there are is no 11 'blue reward'. Not needed in the switched account but needed for the payments to happen.
    • binaryuniverse
    • By binaryuniverse 11th Jul 18, 3:04 PM
    • 780 Posts
    • 490 Thanks
    binaryuniverse
    • #6
    • 11th Jul 18, 3:04 PM
    • #6
    • 11th Jul 18, 3:04 PM
    You're quite right. I'll update the post.
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

189Posts Today

2,166Users online

Martin's Twitter
  • RT @laurawithers84: @MartinSLewis Our school is going to use your book for our new finance fortnight for year 8 students. We thought we wou?

  • RT @katiejane13uk: ????????IMPORTANT - CALLING ALL LEASEHOLDERS TO COMPLETE???????? @mhclg Leasehold Reform Consultation closes this month. This is the?

  • Just sent a text about postgrad loans. My Swype text auto-corrected it to pothead loans. Does it know something I don't?

  • Follow Martin