£150 For Switching To Clydesdale Or Yorkshire Current Account.
290°Expired

£150 For Switching To Clydesdale Or Yorkshire Current Account.

46
Found 10th Jan 2015
Simply use the Current Account Switch Service to transfer your main bank account and to close your old account. When you have paid in at least £1000 as part of your switch, or within 31 days of your switch completing, we’ll give you £150. Terms, Conditions and Exclusions Apply*

Offer ends 28/02/15.

46 Comments

Relevant T&Cs include: The Current Account Switch Agreement must be signed by 28th February 2015; and
(ii) the full switch must be completed within 21 days of the date you sign the agreement; and
(b) credit your account with at least £1000 within 31 calendar days following your switch completion date, provided that this does not include any internal transfers from any other Clydesdale Bank or Yorkshire Bank accounts.
Full details:
cbonline.co.uk/res…pdf

When you pay the money in, how long does it have to stay there?

Spence1115

When you pay the money in, how long does it have to stay there?

you just pay it in and pay it out again. its paying it in that triggers the £150.

I did this the other day. it's a little painful to ring them and go through the interview but worth it for £150.

That's a good bribe for sure. Still don't think I would switch to them though - not the best for service and their owner is looking to sell both. I would go for First Direct at £125 - recommended for service.

You dont newd to stay with them. Apply, switch. When the incentive gets paid, ditch. Do to banks what they do to us.

Does this have to be an account I use? I've got an old Nat West account I haven't used in years but which remains open - I think it's got about £1 in it Could I use this to switch from?

did the Halifax switch yesterday, got the £100 and the fiver a month for having £750 paid in each month + £40 from Quidco
Edited by: "daz1969" 11th Jan 2015

Will be switching to these after my Smile account switch has gone through, just have an account with 2 DD that you can continue to switch between Co-Op/Smile, Yorkshire/Clydesdale, Halifax, First Direct etc

There is £400-£500 to be made right there !!

For direct debits, setup one for minimum payment to a credit card and then setup a DD with PayPal or a cheap £1 magazine subscription is always an option too

Long discussion on MSE about this offer. When I did it I had to phone them up to apply for the account. Expect to receive plenty of paperwork which needs to be signed and returned.

Might as well give this a go.

mistermoneysaver

You dont newd to stay with them. Apply, switch. When the incentive gets … You dont newd to stay with them. Apply, switch. When the incentive gets paid, ditch. Do to banks what they do to us.



Yeah and ruin your credit rating for £150... nice.

Original Poster

ProStreet

Yeah and ruin your credit rating for £150... nice.



Nonsense.

You cant ruin your credit rating by applying for a bank account, if you leave and all the conditions of the £150 deal were met, and your not in debt when you do so.

You can only apply by phone or in branch? Seriously old fashioned

herby247

Nonsense.You cant ruin your credit rating by applying for a bank account, … Nonsense.You cant ruin your credit rating by applying for a bank account, if you leave and all the conditions of the £150 deal were met, and your not in debt when you do so.



you beat me too it! Unfortunately this place is inhabited by idots that no nothing about credit ratings

Comment

herby247

Nonsense.You cant ruin your credit rating by applying for a bank account, … Nonsense.You cant ruin your credit rating by applying for a bank account, if you leave and all the conditions of the £150 deal were met, and your not in debt when you do so.



It could have a negative effect if you do too many applications too close together or if you get rejected, then again there's no such thing as a credit rating anyway.

But also applying for too few credit applications harms you also

Original Poster

lucas

CommentIt could have a negative effect if you do too many applications … CommentIt could have a negative effect if you do too many applications too close together or if you get rejected, then again there's no such thing as a credit rating anyway.



How?

The vast majority of these deals offering you £100 etc, ALL have conditions and a criteria that must be met before qualifying, most of these are eg pay in £1000.
If you do this and GIVE a bank £1000 and direct debits, they see this as a good thing, and this is usually at least a min of a month process, before you could switch and ditch to a new bank for another offer.
Again if you left in credit and not owing them anything, your next "new" bank you paid £1000 to would be just as happy to welcome you as a new customer.
This has ZERO impact on your credit rating.

Can I just say... I applied for this switch from my Halifax account on 25th November... and I was told that my new account would would be open within 7 working days. Now I know we've had Christmas and New Year, but my account only just switched on 6th January. In recompense from their complaints department I have been offered an insulting £10!! Not worth the bother, go with the First Direct account if you want to switch.

Nice and tempting incentive but not the bank itself!

Refuse the £10 and push for £50. Thats the max they can pay out. Glad others realise it doesnt effect your credit rating. Credit rating is effected by credit cards, loans electoral roll and numerous other things. Mainly non payment of bills etc.

mistermoneysaver

Refuse the £10 and push for £50. Thats the max they can pay out. Glad o … Refuse the £10 and push for £50. Thats the max they can pay out. Glad others realise it doesnt effect your credit rating. Credit rating is effected by credit cards, loans electoral roll and numerous other things. Mainly non payment of bills etc.



Damn right! I opened 7 or 8 new high interest current accounts last year (to use as savings accounts) and probably had 8 new credit cards issued, but my Noddle Credit Rating actually went up from 4/5 to 5/5. This shows that as long as you automatically pay off your full credit card balance every month and don't go overdrawn on your current accounts it would not affect you credit rating.

heat

herby247

How?The vast majority of these deals offering you £100 etc, ALL have … How?The vast majority of these deals offering you £100 etc, ALL have conditions and a criteria that must be met before qualifying, most of these are eg pay in £1000.If you do this and GIVE a bank £1000 and direct debits, they see this as a good thing, and this is usually at least a min of a month process, before you could switch and ditch to a new bank for another offer.Again if you left in credit and not owing them anything, your next "new" bank you paid £1000 to would be just as happy to welcome you as a new customer.This has ZERO impact on your credit rating.



Leaving banks every few months does not help your credit rating. It's much better to be with a bank for a long time which improves your credit rating.

Best move i ever made was leaving Clydesdale. Their charges when you go over your overdraft limit are horrendous.

Clydesdale (and their Yorkshire bank brand) revised their overdraft charges in December 2014.

Lowered their penalty charges and added a £6 monthly fee to their authorised overdrafts.
Pretty similar to other banks now.

Tigeryang

Best move i ever made was leaving Clydesdale. Their charges when you go … Best move i ever made was leaving Clydesdale. Their charges when you go over your overdraft limit are horrendous.

ProStreet

Leaving banks every few months does not help your credit rating. It's … Leaving banks every few months does not help your credit rating. It's much better to be with a bank for a long time which improves your credit rating.


And the sensible way to do this is to run one account (ideally with First Direct) as your main account. All major credits (salary etc) go into here, and continue to do so on a permanent basis. This account stays, whatever else you do, and it's the one you use for bank references etc.

You then have one or more subsidiary accounts. These will have a couple of smallish direct debits on them. Every time an offer like this one comes up, switch one of these subsidiary accounts to the new account for the £150 (or whatever).

Repeat ad infinitum, leaving the main account unscathed.

voodoo85

Will be switching to these after my Smile account switch has gone … Will be switching to these after my Smile account switch has gone through, just have an account with 2 DD that you can continue to switch between Co-Op/Smile, Yorkshire/Clydesdale, Halifax, First Direct etcThere is £400-£500 to be made right there !!For direct debits, setup one for minimum payment to a credit card and then setup a DD with PayPal or a cheap £1 magazine subscription is always an option too


Why did you write Co-op/Smile and Yorkshire/Clydesdale? You cannot switch to all 4 of them?

Interview? Wtf!

voodoo85

Will be switching to these after my Smile account switch has gone … Will be switching to these after my Smile account switch has gone through, just have an account with 2 DD that you can continue to switch between Co-Op/Smile, Yorkshire/Clydesdale, Halifax, First Direct etcThere is £400-£500 to be made right there !!For direct debits, setup one for minimum payment to a credit card and then setup a DD with PayPal or a cheap £1 magazine subscription is always an option too

You will be considered a new customer if you do not already have a … You will be considered a new customer if you do not already have a Co-operative Bank or smile current account as at 1 October 2014.



Some people may want to choose which of them to apply for despite them being basically the same company and i believe if you have had a co-op account in the past then you can still receive an incentive bonus from Smile for example

from their t&c's:

Comment

notes - actually an Australian bank operating in UK, albeit you will speak to UKish staff. you have to phone them at length to set up account, register for internet banking, and to correct mistakes they make. such as getting name wrong on cash card, omitting the actual PIN on PIN letters, not paying interest tax-free despite receiving the R85 form. And aspects of internet banking with them, such as, er, paying a bill, are an ordeal. oh, and they messed up a direct debit. and customer service "helpline" is expensive. so, switch, take the cash (if you get it, I'm still waiting after paying in 1k a month ago) and switch again.

sirmaggie

you beat me too it! Unfortunately this place is inhabited by idots that … you beat me too it! Unfortunately this place is inhabited by idots that no nothing about credit ratings



Hmmm, well why do I know of a bank account being declined to a family member only last month due to crediting issues? Petty sure that some record was referred to, credit check must have been sought for it to be declined?...

voodoo85

Will be switching to these after my Smile account switch has gone … Will be switching to these after my Smile account switch has gone through, just have an account with 2 DD that you can continue to switch between Co-Op/Smile, Yorkshire/Clydesdale, Halifax, First Direct etcThere is £400-£500 to be made right there !!For direct debits, setup one for minimum payment to a credit card and then setup a DD with PayPal or a cheap £1 magazine subscription is always an option too




can you setup direct debits to your own paypal account , thus just transferring funds ?

rooney10

can you setup direct debits to your own paypal account , thus just … can you setup direct debits to your own paypal account , thus just transferring funds ?



When you link your bank to PayPal, it creates a DD automatically. Its not a regular payment etc but thats how they take the money from your account if you then purchase something via PayPal

When I rang for the yorkshire bank application, they asked about income and I ended up saying I was earning over the 1k, when I'm not. I have enough to transfer in every month though. In the end they got my name wrong on the application anyway so I didn't go through with it, but is this classed as fraud?
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