Make up to £450 - Bank Account Switching Mega Thread
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Make up to £450 - Bank Account Switching Mega Thread

27
Found 30th Aug 2015
**Make up to £450 for very little work**

I know these have been on here before individually, though I thought I may as well list them all together. If you have already done any of these or received a specific banks incentive then simply skip that bank and move to the next.

NOTE - in answer to potential questions arising, YES each bank will credit score you. IMO doing 4 credit scores in 4 - 6 months won't make a fat lot of difference. Though your personal opinion may differ to mine, and that's fine. Do as few or as many as you wish. I've done all 4 and my experian score has gone from 999 to 979. Fine by me.

Some banks have criteria - I have listed below.

Here's the 'round-robin' method...

1.At your CURRENT bank open an empty current account. There is no need to order a debit card.

2.HALIFAX - apply via the website to switch your empty account into one of their free bank accounts. There are NO other criteria. = £100. Once you have received this...

2.YORKSHIRE or CLYDESDALE - apply to these to switch the above Halifax Account. With these you have to have 2 direct debits set up and pay £1000 in in the 1st 30 days. (simply move £1000 in and then take it out the next day and move or set up 2 small direct debits e.g. charities or TV Licence etc). When you have received this £150...

3. M&S Bank - Apply to switch the above Yorkshire account into this WITH the 2 direct debits you have set up. This is the only criteria (2 active DD's). When you have received the £100 Gift Card....

4.Co-op Bank - Switch in the above M&S account to the co-op WITH the DD's and pay £800 in (and take straight out if needed) in the 1st 28 days and receive £100.....

TOTAL = £450!

Yes I know, it may not be for everybody (credit searches, effort and £1000 transfers etc) though if you don'd mind the minor obstacles then within 4/6 months you could have £450 that you didn't have before - in effect earning around 50% return on your £1000 that you have to use.

27 Comments

Careful of your credit rating being affected here.

Four options might not constitute a 'Mega Thread'..........

Original Poster

Doods1875

Four options might not constitute a 'Mega Thread'..........



Lol. Medium thread

Original Poster

muffboy

Careful of your credit rating being affected here.



Like I say - do as few or as many as u wish

I always see these, and think nice, bit of free money. Then think, I just can't be arsed.

What is a mega thread. All the ones I have seen have been hot by 1000 plus.


http://www.hotukdeals.com/deals/new-switch-incentive-tsb-hsbc-limited-time-time-play-banks-their-own-game-maximise-2079867

You could add a few more OP!

Original Poster

AstalaVista

http://www.hotukdeals.com/deals/new-switch-incentive-tsb-hsbc-limited-time-time-play-banks-their-own-game-maximise-2079867You could add a few more OP!



Fair point. But TSB offer now ended and just wanted simple switches - hence omission of HSBC offer with ISA. And there's no way on this earth I was spending the time on it he did - football started at 4!

I changed my bank account to halifax and now I get companies checking my credit all the time.

Lol to put money in a bank you need to have credit. Which basically means a history of borrowing money, however if you have never needed to borrow money you have bad credit. Then again getting into debt and paying it back somehow makes them think you have money. Perhaps the stereotype is true but whomever is doing lines of coke off of the behind of a Romanian broad/Chinese chick/Thai ladyboy or Pragueian rent boy at these banks needs to make these rules when and if they're clear of mind. Only in sodding Britain.

Just started this its worth a go :-)

do this and destroy your credit score, thanks but NO!

Original Poster

MadonnaProject

Lol to put money in a bank you need to have credit. Which basically means … Lol to put money in a bank you need to have credit. Which basically means a history of borrowing money, however if you have never needed to borrow money you have bad credit. Then again getting into debt and paying it back somehow makes them think you have money. Perhaps the stereotype is true but whomever is doing lines of coke off of the behind of a Romanian broad/Chinese chick/Thai ladyboy or Pragueian rent boy at these banks needs to make these rules when and if they're clear of mind. Only in sodding Britain.



What are you going on about?!

One a year IMHO

Original Poster

Inaccurate and misinformed comment. One every 2/3 months will have minimal effect. Exceeding your overdraft has way more negative affect

Original Poster

samspud

Inaccurate and misinformed comment. One every 2/3 months will have … Inaccurate and misinformed comment. One every 2/3 months will have minimal effect. Exceeding your overdraft has way more negative affect



In answer to rodman sorry

samspud

What are you going on about?!



A little rant on credit checks and history BS. Nothing to do with the merit of your deal of course so let's not take offence.

Original Poster

Sorry dad. It's an old wives tale that u have to borrow to get a good credit rating though.

I've just completed the switch to Clydesdale Current Account Direct. Should get my £150 bonus in 70 days, but already received a small interest (2% Gross on in credit balance) after just a week being with them. The ongoing interest on balance might keep me with this account for while.

Got my first £100 from Halifax for moving over an old TSB account :-)

Started Co-Op switch so will see how that goes

Original Poster

Lucifer2007

Started Co-Op switch so will see how that goes


Good to know mate. Glad it helped

samspud

Good to know mate. Glad it helped



​i did most of them, no effect at all on your credit score as long as you keep within terms and conditions

If I make these switches all within a few months, being under 21, will this have consequences after 1-3 years?

Original Poster

trojanh

If I make these switches all within a few months, being under 21, will … If I make these switches all within a few months, being under 21, will this have consequences after 1-3 years?



Definately not

samspud

Definately not



Why is it such negatively voted? How long is the mark left for on my credit history?

well took a while but, switched from TSB to Halifax = £100, switched to Co-op = £100, Switched to Yorkshire bank = £150 and just got to First Direct = £100
so all in Ive had £450 so far and hardly made a dent on credit score, I would say about an hours work each time
Thanks OP :-)
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