£150 Current Account Switch Incentive @ Smile by Co-Op + TCB/Quidco ~£48
329°Expired

£150 Current Account Switch Incentive @ Smile by Co-Op + TCB/Quidco ~£48

44
Found 18th May 2016
A no monthly fee current account that offers what you might need to manage your day-to-day transactions.
Switch to a Smile current account and you could be eligible for £150.

New customers must complete a full switch to The Co‑operative Bank using the Current Account Switch Service and switch at least 4 active Direct Debits. Offer can be withdrawn at any time. Excludes recipients of previous switching incentives.
FYI! Been told to point out that if you've taken advantage of Co-op's switch incentive/had an account with them before, you will not be elligible for this offer.
FYI x 2: as noted by vns146 : "Just attempted to apply for an account and they said on the application form that students are not able to apply for these accounts. Kicked me off the signup form. Guess it's tough luck for me then "

Switch to us in just 7 days and we'll do the rest. We'll move across your Direct Debits, standing orders and your salary too.

Available as a joint account
If you and your partner/housemate/lodger like to share, you can also set this account up as a joint account. If the current account that you switch to is in joint names we will only credit the current account with £150, not £150 for each person named on the account.

Automatic £500 overdraft: You don't even have to apply for it. Just remember there's an 18.9% debit interest rate to any money that you go overdrawn.

Applicants must be UK residents over 18 years old with a gross annual income of at least £6,000. Subject to status.

See T&C's.

Also additionally to that, Topcashback offer £48 and Quidco offer £40 for the online switch.
Bringing the grand total to nearly £200 just for switching bank accounts.
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44 Comments
Is with smile for over 10 years, and recently moved to Nationwide ... I wouldn't go back. But a free £150 is worth having.
How many months fo you need to have the account for before £150 is paid?
I believe (although may be wrong) that the account must be kept as functional current account with direct debits and inflow of cash for at least three years or the £150 must be returned.
AnnaMak

How many months fo you need to have the account for before £150 is paid?



SECTION B: Payment of the offer and other important information
Payment of the Offer
9. If you meet these terms and conditions and qualify for this offer we will credit £150 to the Co-operative Bank or smile current account that you have switched to within 45 calendar days of the date your switch completes.
Bindim_83

I believe (although may be wrong) that the account must be kept as … I believe (although may be wrong) that the account must be kept as functional current account with direct debits and inflow of cash for at least three years or the £150 must be returned.





3. If you are an eligible new customer, you will qualify for this offer if you:
3.1 open a new Co-operative Bank standard Current Account or a smile Current Account;
3.2 switch your main current account to your new current account using the full Current Account Switch Service, which will include the closure of your old account on the day that your switch completes; and
3.3 switch in a minimum of four active Direct Debits to your new current account, which must remain active until the incentive payment is made.
Bindim_83

I believe (although may be wrong) that the account must be kept as … I believe (although may be wrong) that the account must be kept as functional current account with direct debits and inflow of cash for at least three years or the £150 must be returned.


couldn't find anything about the bank being able to reclaim the incentive if the account and conditions are not held intact for longer.
Wasn't TCB £157 or something last week for Co-op?

@dynbrn - it's 45 days, I've done this before
Edited by: "Sharpharp" 18th May 2016
Sharpharp

Wasn't TCB £157 or something last week for Co-op?


well atm it's down to £48 for both co-op and smile
Four direct debits? How on earth would typical people have enough of those...
hellop4nda

Four direct debits? How on earth would typical people have enough of … Four direct debits? How on earth would typical people have enough of those...


Direct debit a family member
hellop4nda

Four direct debits? How on earth would typical people have enough of … Four direct debits? How on earth would typical people have enough of those...



Mobile.
Credit Card
Gym
Car Payment
Broadband
Water
Power
Gas
Council Tax
TV Licence

Four is very easy.
hellop4nda

Four direct debits? How on earth would typical people have enough of … Four direct debits? How on earth would typical people have enough of those...



typical people pay their bills by DD and have lots of them, normally more than 4.


Sharpharp

Wasn't TCB £157 or something last week for Co-op?



might have been a while ago, many of us did it in January with no switch needed, was 12 weeks to be paid, then 20 now 29
kingchris

Mobile.Credit CardGymCar PaymentBroadbandWaterPowerGasCouncil TaxTV … Mobile.Credit CardGymCar PaymentBroadbandWaterPowerGasCouncil TaxTV LicenceFour is very easy.



​Student. Have none of those, only have 2 to transfer money between and that's the most I can do.
hellop4nda

​Student. Have none of those, only have 2 to transfer money between and t … ​Student. Have none of those, only have 2 to transfer money between and that's the most I can do.


Setup a DD to a charity. £1 And you're doing some good too. Not hard.
I would have moved a dormant account for the £150 (which is good), but only good for most if they are going to make it their main account due to the 4 direct debit condition.
is it worth moving to co-op for £150? naah.... oO
singhisking68

is it worth moving to co-op for £150? naah.... oO


how come you think it isn't? free £150 is free £150.
Edited by: "dynbrn" 18th May 2016
hellop4nda

​Student. Have none of those, only have 2 to transfer money between and t … ​Student. Have none of those, only have 2 to transfer money between and that's the most I can do.



​I know you're a student, but £1/pm via DD to a charity is an option.
It might even help you feel that you're not 100% selfish
kingchris

Mobile.Credit CardGymCar PaymentBroadbandWaterPowerGasCouncil TaxTV … Mobile.Credit CardGymCar PaymentBroadbandWaterPowerGasCouncil TaxTV LicenceFour is very easy.


Or
Tesco internet saver
Tesco internet saver
Tesco internet saver
Tesco internet saver
Just use different amounts.
If they give me 500 quid I might switch to them.
hellop4nda

Four direct debits? How on earth would typical people have enough of … Four direct debits? How on earth would typical people have enough of those...

Sharpharp

Wasn't TCB £157 or something last week for Co-op?



​yes keep counting....I have stopped using them.
hellop4nda

Four direct debits? How on earth would typical people have enough of … Four direct debits? How on earth would typical people have enough of those...

Sharpharp

Wasn't TCB £157 or something last week for Co-op?



Here you go.
I used to bank with Co-op for 2+ years and moved to Nationwide last year. I wouldn't move back even if they paid me £500. Good luck trying to get cashback from them
jaykaygeetoo

Here you go.



yep that's the one, should have been paid weeks ago but will be 29 weeks if not longer.
maccy1

I would have moved a dormant account for the £150 (which is good), but … I would have moved a dormant account for the £150 (which is good), but only good for most if they are going to make it their main account due to the 4 direct debit condition.


Same. Waiting for a decent offer to move my new 'donor' account to.
Taken from Moneysavingexpert.com

The Co-op Bank's* Standard Current Account, which has decent customer service, will now pay you £150 to switch to it. Jump through some hoops and you can also get up to £5.50/mth with its Everyday Rewards scheme so hold the account for a year and you could get £216.

Need-to-knows
You need to fully switch using the Co-op's Switch Service, including the transfer of four direct debits which must be active until you're paid the bonus.
To get the monthly rewards, sign up to its Everyday Rewards and you'll get £4 each month you pay in £800, pay out four direct debits, receive paperless statements, log in to online or mobile banking, and stay within your overdraft limit.
If you meet all the criteria above, you'll also get 5p per debit card transaction, up to a maximum of £1.50 per month, as part of Everyday Rewards, though getting this isn't worth spending more than you usually would.
You can't get the bonus if you've received a Co-op current account sign-up bonus since Jan 2014. Existing Co-op customers can get the £150 unless they’ve been paying in an average £800+/mth into their current account since 3 Feb 2016.
You can apply for the account online, but you'll need to call or go into a branch to complete your switch.
Sister brand Smile* also offers £150 to switch to it, though it's online-only and doesn't offer monthly rewards.
Co-op and Smile share their £75,000 UK savings safety guarantee with Britannia BS, so ensure you don't have more than £75,000 across the three brands.
danboi63

Direct debit a family member


If you're really struggling, you can donate an amount of your choice to a charity ... couple of quid .. then you get your direct debit and they get a bit extra money. Everyone wins, except the bank, which is the best way round
kingchris

Mobile.Credit CardGymCar PaymentBroadbandWaterPowerGasCouncil TaxTV … Mobile.Credit CardGymCar PaymentBroadbandWaterPowerGasCouncil TaxTV LicenceFour is very easy.




Mobile..... Pay as you go.

Credit card...... Don't have one (by choice)

Gym....... Yeah right

Car payment...... Will they accept my bus pass?

Broadband......,. Use the neighbours

Water........ Drink from the fish bowl

Power........ Must get myself a power ranger

Gas....... I got plenty of that

Council tax..... I live in a shed

Tv license....... Watch neighbours


Jeeeezzeee my application looks promising




Edited by: "ozkerrizo" 19th May 2016
ozkerrizo

Mobile..... Pay as you go.Credit card...... Don't have one (by choice) … Mobile..... Pay as you go.Credit card...... Don't have one (by choice) Gym....... Yeah right Car payment...... Will they accept my bus pass? Broadband......,. Use the neighboursWater........ Drink from the fish bowlPower........ Must get myself a power ranger Gas....... I got plenty of that Council tax..... I live in a shedTv license....... Watch neighboursJeeeezzeee my application looks promising



​Also an option: GoCardless. Pull money from one account to another via direct debit; £5 costs 5p.
A little trick to get an extra DD is to link the account you wish to switch to your primary paypal account.
Worth pointing that if you have previously had an incentive from co op you can't have another incentive from smile.
Edited by: "Scooby2520" 19th May 2016
vns146

​I know you're a student, but £1/pm via DD to a charity is an option. It m … ​I know you're a student, but £1/pm via DD to a charity is an option. It might even help you feel that you're not 100% selfish


Just attempted to apply for an account and they said on the application form that students are not able to apply for these accounts. Kicked me off the signup form. Guess it's tough luck for me then
Sounds good.
Do we have to close our original account?
urinthematrix

Sounds good.Do we have to close our original account?


Yes you do that's the point of switching
Great deal! HOT!

Just attempted to apply for an account and they said on the application … Just attempted to apply for an account and they said on the application form that students are not able to apply for these accounts. Kicked me off the signup form. Guess it's tough luck for me then




i'm a student myself and didn't try to apply as i don't have 4 DDs, but that's good to know, thanks, will edit the post!
rdbradshaw

Worth pointing that if you have previously had an incentive from co op … Worth pointing that if you have previously had an incentive from co op you can't have another incentive from smile.



​Terms say you aren't eligible if you've had a switching incentive since January 2014. So you CAN have had a switching incentive as long as it was before then.

​Terms say you aren't eligible if you've had a switching incentive since J … ​Terms say you aren't eligible if you've had a switching incentive since January 2014. So you CAN have had a switching incentive as long as it was before then.


Yes I was aware of that for me no good as I started the switch go round Jan last year
thebestrc

Setup a DD to a charity. £1 And you're doing some good too. Not hard.

mistermoneysaver

Or Tesco internet saverTesco internet saverTesco internet saverTesco … Or Tesco internet saverTesco internet saverTesco internet saverTesco internet saverJust use different amounts.

National Lottery.
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