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  • FIRST POST
    • InvestingNow
    • By InvestingNow 11th Jul 18, 12:51 PM
    • 8Posts
    • 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
    • 3,974 Posts
    • 11,356 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
    CWP Goal Weight 15lbs/91lbs
    Debt Free Wannabe 3,685.97/6,649.97
    3-6 Month EF, 140/7,000
    9th September 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
    • 8,025 Posts
    • 8,945 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
    • 763 Posts
    • 479 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
    • 1,799 Posts
    • 4,455 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
    • 763 Posts
    • 479 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.
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