Smile Bank Switch Deal - You receive 100 pounds and 25 pound go to charity
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Smile Bank Switch Deal - You receive 100 pounds and 25 pound go to charity

48
Found 7th Feb 2014
You need to credit your current account with at least £800 within 31 days of your switch date.

Set up at least 2 direct debits or standing orders.

They will then credit your account with £100 within 45 days from the date your switch is completed.

I'm a fan because of the interest free £500 overdraft that comes automatically with the account. The cooperative deal doesn't give you a free overdraft automatically... i dont think they give you a free overdraft at all.

Also I dont believe you have to close your old account. it should be easy enough to switch back if you find out you dont like smile. ( Smile has ok ratings online though)

If a new account is opened online, an application to switch must be made via the telephone or in one of our branches, within 14 days of account opening.
- watson44

48 Comments

>>>>>
+HOT on free money for doing something free!
>>>>>

FULL TERMS OF DEAL HERE:

smile.co.uk/cur…ons

never heard of smile who they linked to ??

If you use the switching service (as you must to take this deal) it will close your old account, so there is no way to 'switch back' to your old account (as per the last sentence of your post).

Also, bear in mind that Smile Bank is an online bank run by the Co-operative Bank - the deal looks similar because it is essentially from the same bank (though you are right to point out that the free overdraft is larger at smile bank).

Thank you for the info op - £100 for little effort always worth considering!
Edited by: "mishen" 7th Feb 2014

aw08

never heard of smile who they linked to ??



smile is an online bank run by cooperative bank.

mishen

smile is an online bank run by cooperative bank.


oh thank you ! X)

Oh, Co-operative Bank, terrible then.

They do not pay cashback either, so don't bank on it.

They are an ok bank I've been with them for years. Absolutely no hassles ever

I've used smile for years (Co-Operative Group), you can put money in or take it out at any co-op bank or the post office, when you have issues with transactions they just reverse them and sort out all issues and when you need to call they are very helpful.

Interest rates are great plus you can ask for a free savings account or ISA to be added and managed online

Has to be one of the easiest on-line systems I've ever used HEAT

Been with smile for years, no problems at all, never gave me £100 though

I've been with Smile about 15 years and never had any problem, their customer service is excellent. My only qualm is they're brought out a new policy starting from this April whereby they will charge you (I think) £20 every time you go overdrawn. If you pay £20 a year beforehand they waive this fee, but I still don't agree with it.

I have co op joint account. Does it mean I won't be eligible to get £100?

Hunt4deal

I have co op joint account. Does it mean I won't be eligible to get £100?


"*This offer is not available to existing customers with a Co-operative Bank or smile current account..."

"You can only benefit from this offer once, and joint accounts will only qualify for one payment of £100"
Edited by: "watson44" 7th Feb 2014

eiamhere69

Oh, Co-operative Bank, terrible then.


can't be as bad as Santander

Original Poster

Hunt4deal

I have co op joint account. Does it mean I won't be eligible to get £100?



is the coop account that you have active because according to the bolow you may still be eligible

*This offer is not available to existing customers with a Co-operative Bank or smile current account who pay in on average £800 or more per month over the three months prior to 1 February 2014, or since the account was opened, if that is a shorter period

thank

LondonFreeRider

is the coop account that you have active because according to the bolow … is the coop account that you have active because according to the bolow you may still be eligible*This offer is not available to existing customers with a Co-operative Bank or smile current account who pay in on average £800 or more per month over the three months prior to 1 February 2014, or since the account was opened, if that is a shorter period




thank you

becoming American bank though. some of you might think they were still British

dealfella

becoming American bank though. some of you might think they were still … becoming American bank though. some of you might think they were still British



Cut all ties with all banks!

Bring back the cash in hand that we use to get from our employers in brown envelopes back in the day; scrap being being forced to pay our hard earned cash in to private corporations hands before we can have it in our very own. It's BS that banks get to profit off the back of us for absolutely nothing. oO

eiamhere69

Oh, Co-operative Bank, terrible then.

showing your ignorance there

smile are consistently rated in the top 3 banks (along with nationwide and first direct)

eiamhere69

They do not pay cashback either, so don't bank on it.

more nonsense

squiff

I've been with Smile about 15 years and never had any problem, their … I've been with Smile about 15 years and never had any problem, their customer service is excellent. My only qualm is they're brought out a new policy starting from this April whereby they will charge you (I think) £20 every time you go overdrawn. If you pay £20 a year beforehand they waive this fee, but I still don't agree with it.

surely only if you exceed your overdraft limit?

ukez

Cut all ties with all banks!Bring back the cash in hand that we use to … Cut all ties with all banks!Bring back the cash in hand that we use to get from our employers in brown envelopes back in the day; scrap being being forced to pay our hard earned cash in to private corporations hands before we can have it in our very own. It's BS that banks get to profit off the back of us for absolutely nothing. oO

no thanks

never paid bank charges ever and life is too short for me to be paying all my bills with cash

i assume you heed your own advice and immediately withdraw your wages on pay day and pay for everything using cash only

mixtlupus

I've used smile for years (Co-Operative Group), you can put money in or … I've used smile for years (Co-Operative Group), you can put money in or take it out at any co-op bank or the post office, when you have issues with transactions they just reverse them and sort out all issues and when you need to call they are very helpful.Interest rates are great plus you can ask for a free savings account or ISA to be added and managed online :)Has to be one of the easiest on-line systems I've ever used HEAT



Interest rates are great?! Don't know what Co-op bank it use your using because the interest rates have been at 0.5 for a long while or something equally puny!

eiamhere69

Oh, Co-operative Bank, terrible then.

why? Always found them to be great.

so every month a minimum of 800£ needs to go into the account?

first direct are best :-)

Would have given them a try, but don't like the idea of them closing my old account automatically. No going back if something goes wrong.

mrdude

so every month a minimum of 800£ needs to go into the account?


only until you have your £100

mmmm ......

I've been in smile for years, and always been good but a friends recent experience might put you off .

He checked his account one day to find he had a negative balance of 3.5k after having had £500 in his account. After he contacted the bank, they were adamant that he'd took out the money ... he hadn't. He protested and they ignored him. He asked for them to find where the money went, they wern't interested. He reported the missing money to the police. Weeks went past and Smile did nothing. He contacted the Banking ombudsman who investigated and found that he was totally in the right. Smile ignored all conventions of what should happen in such a situation, more importantly, they never reported it to the police, which is what they should of done. So.. after all this, they still refused to credit my friends account and appealed the ombudsman decision, more weeks and months went by, Smile were told to submit their reason by a certain date, which came and went. The ombudsman again found in my friends favour. This has been going on for months and my friends credit rating has plummeted as a result. He hasn't had an apology once from Smile. Out of the blue last week, the account has been re-credited and they offered him £200 in compensation, which he's refused. He can get a maximum of £2000 and thats what he's been advised to go for.

oh, and they also charged him interest on the missing money and for a overdraft ......
Edited by: "zoopakev" 9th Feb 2014

First ever online bank

mrdude

so every month a minimum of 800£ needs to go into the account?



You have to have £800 paid in within a 31 day period, the cash back gets paid after 45 days so really quick

circuit

Would have given them a try, but don't like the idea of them closing my … Would have given them a try, but don't like the idea of them closing my old account automatically. No going back if something goes wrong.



That's why there's the switch guarantee to protect you

CurleyFurley

Interest rates are great?! Don't know what Co-op bank it use your using … Interest rates are great?! Don't know what Co-op bank it use your using because the interest rates have been at 0.5 for a long while or something equally puny!



I think you'll find that's only one account at 0.5 and there other smile/co-op accounts with higher rates

I'm the person who had this money stolen from his account by this bunch of thieves. Their customer services weren't interested in the fact that I was the innocent party in this fraud. Even the police said I'd done everything possible to protect myself. After months of me sending the bank emails and calling them all I got were letters threatening me with debt collectors. Now that the financial ombudsman has become involved they've admitted they were wrong. Stay well away from this bank they make their customers pay for their mistakes.

I switched to Smile 9 years ago when they had this same offer. If you only use online banking, this account would be fine for you. Customer service had always been excellent-they reply to emails quickly, or you can ring them. The only thing that I would change about them is that you don't get paper bank statements-you can print these off yourself, but it's a hassle. Your transactions are also only visible for a certain length of time (I think 2 years), so you really need to print your statement every month to ensure that you have records.

Thanks OP.

'not available to existing customers with a Co-operative Bank or smile current account who pay in on average £800 or more per month over the three months prior to 1 February 2014, or since the account was opened, if that is a shorter period'

I think that if you deposit £800 in your new Co-op account in the first month (to get their £100), then deposit nothing in the second month, you'll then be eligible for Smile's £100.

Surely just switch to collect the £100 then go back to somewhere decent like First Direct?

Banned

im not giving my money to drug users.

I've been with smile for nearly 15 years, in all that time they've not changed their website. So what was once cutting edge and rare now looks tired, dated and misses many features that other banks, like First Direct, have.

Once they could have justified their tag line "the internet bank" but now it looks like a bad joke. I moved my main account away years back and asked them if they would ever upgrade the web site. The answer then was it was in hand. Then that got cancelled as they were going to merge IT with Lloyds.

Then the whole TSB thing went pear shaped, so I'm not holding breath for any website improvements any time soon.

Im sure that they are offering fees free overdraft but they do charge you interest on it. Even though iv switched it to co-op offer from first direct for obvious reasons (being greedy) but im still not convinced with their service.
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