Ta OP.

Easiest switch incentive to complete IMO. Easy and quick online application, a simple online switch form and payment typically a day or 2 after the completion date.

M&S Bank on the other hand...:confused:

Heat added chichi, who can turn down free money?...



This time next year...



...you'll be a millioncookieaire :laughing:

Sorry, but never such bad advice has been given, no bank nowadays awards you for 'loyalty' in fact the opposite it the case.

Heat added.. Time to make a change :smiley:

Thanks chanchi, heated :smiley:

Ta OP.

Easiest switch incentive to complete IMO. Easy and quick online application, a simple online switch form and payment typically a day or 2 after the completion date.

M&S Bank on the other hand...:confused:

am sure I read a thread on here the other week were someone said it effects your credit rating

Heat added chichi, who can turn down free money?...



This time next year...



...you'll be a millioncookieaire :laughing:

whats the interest rate on the account?

Pain to switch re joint account

You have to open an account in a sole name. Then if want joint select an application to make joint.
It took weeks for mine to be sorted before could complete the 7 day account switch.
Now we are with them it's fine :-)

I don't know what it is but no matter what the incentive, I just can't find it in me to switch :disappointed:

Same account since I was 12 and I've never had an issue with them. Heat though OP, for those of you who are brave enough...

I switched to Halifax in Sept15 when it was still 125 on offer. So far experience is very good. Switching happened on time and they paid 125 on first day. Another good thing they don't give you the offline card-reader like Hsbc/NatWest. Also most of their branches have cash counting machines which makes your depositing task easier.I would certainly recommend them.

Create a 'donor' account.

Banks seem to be throwing money at us these days...

...so rude to not to accept. Ta chanci. <3

Bad idea to switch an account you've had for 12 years. Being with a bank for a while is looked on favourably by creidtors if you've been maintaining that account well. Close the account and it will record anything bad that happened on that account in the last six years, keep it open and only three years show.

Sorry, but never such bad advice has been given, no bank nowadays awards you for 'loyalty' in fact the opposite it the case.

​As Martin Lewis says you shop around for the best insurance and the best credit card and you should do the same with your bank account. Staying with the same bank is stupid if another has a better account for you.

I switched to Santander 123 for a while then back to Halifax just before Christmas when it was also £125 incentive. It's an ok account as you get £5 per month pretty easily (think its 2x direct debits and put in something like £500 or £600 a month from memory). I plan to switch again in 12 months or so as not advisible to switch too often. It's not an interest on the balance so if you wanted to comply with the terms and then move the money elsewhere you could.

I just switched from Halifax to TSB in November. Would they take me back and pay out?

Looking at the Halifax website (for the current £100 deal), it aapears that you need to close your existing account too.

Thanks Chanchi, looking to switch so perfect timing :smile:

You've nothing to lose slipd, if your credit rating is good and your payments are regular and not overdrawn, you're in a good position to switch...and I don't just mean this one, there's lots of banks out there desperate for your money and willing to pay you for it :laughing:

Santander 123 account being one of the best ones if you've a bit of money in your current account, don't be scared, that's what banks rely on :smile:

Moved to Halifax from HSBC 4 years ago and no regrets, you also get cashback offers for using your debit card at various shops and restaurants which some banks charge a monthly fee for.

Does anybody know if the switching service contacts your employer to arrange your salary to be paid into the new Halifax current account or do you have to arranged that?

Go to first direct via money saving expert website £150 to join, £250 free overdraft then if you leave after 6 months and before 12 months they give you £100
I'm leaving soon to go to Clydesdale which is another £150

I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125

I joined first direct 3 months ago and got £150. Seriously thinking about switching to this and pocketing another £125

Their 6% savings account is good and fixed term mortgages are normally good as well,their isa isn't too bad at 1.3 either

Yes but you can only put £300 in a month and over the year that doesn't amount to much at all, by switching banks you can earn well over and above this amount in a blink of an eye.

Yes their mortgages are good rates, but if you're not after a mortgage or up for changing your mortgage to them, you're not gaining anything by staying with them, all I'm saying is it's good to look around.

Oh

:man:

£150 to join first direct and £100 if you leave after 6 months and before a year,good bank but gimme my £100. Got my £125 from Halifax prior to that,£150 Clydesdale next on my list

I will be having some of that thankyou very much :smirk:

I switched on this deal last year, Got the money quick and Really good bank to be with, And the online banking is simple.

Regarding the £5 a month , In April, will that become £6.25 a month credit as no saving tax to pay or will Halifax still only pay £5. Anyone heard ?

​No, you have to contact the payroll and tell them your new bank details. Switching only moves your direct debits and standing orders.

How come I didn't have to notify my work then? Twice,from Lloyd's to Halifax to first direct. They do it all for you

Because any payments to your old 'closed' account gets forwarded to your new account for up to 36 months.

I spoke to first direct and they said its changed automatic so happy days

I have the Halifax reward account already would I be able to open a current account with them and claim the £125 does anyone know? Thanks in advance.

This is not true.

You can be an existing customer and get the £100/£125 providing you haven't received the switch inventive since Jan 2012.

^^ this, hope you're good karlie <3 and keep up the good work :laughing:

I've got a current account that I don't use, so I was thinking about switching over to this. There aren't any direct debits linked to that account, would that be an issue - I'd just set up 2 new ones.
Also, anyone got any pointers on ways to set up extra dd's? I recall someone saying about setting one up for PayPal, and something about Tesco banking where you could set up a dd....

Tempted to switch to this with after setting up my donor account.

My main account is RBS and set up a Nationwide and got their incentive and switched to FD. But I like FD so got that and RBS as my 2 main.

Set up a Santander basic and set up a Post Office & Tesco Savings DD, but now wondering what order to tackle the banks and get the incentives. Got Halifax, Clydesdale & M&S to do, not sure if I'm missing any others. Any ideas what order best to do it in?

https://www.youtube.com/watch?v=UJOjTNuuEVw Thanks Chanchi :wink:

what is mean HEADS UP ?

I guess they are recouping their 'free cash' with the awful overdraft facilities on these accounts, a £10 buffer! First Direct offer 0% interest up to £250 OD. Guess if you never go OD then ok.

I used to use TSB to create donor accounts, as they are easy to create online. At the time, TSB didn't offer incentives for switching to them.

Now that they do, we need to find another bank to use for donor accounts... any ideas? :smiley:

Good idea to switch banks, insurance and utilities on a regular basis . I do all the time, so easy to do. Checkout cadhback deals Also on Quidco or Topcashback. Loyalty doesn't pay these days.

Credit checks last for 2 years on your record so if applying for mortgage etc don't get too many

does this apply switching from building society as well, I've got Brittania building society which I don't really use a lot. thanks

exactly

Barclays

I love it when deals are posted that have "heads up" in the title. It makes me literally lift my head up in eager anticipation of some great news.

Applied for those account this week and it says to go into branch with 2 forms of ID to complete the opening of the account. If I go in Tuesday would this mean I get £125 or would I be given £100 due to starting the account opening before the new deal?

To get the extra £5 a month can I just create a standing order to transfer £750 to and then out of my account?

I've just switched from Santander to halifax the complete was yesterday. I was paid £100 and got a reward account so £5 a month going forward. Do you think if I contact halifax they'd give me the extra £25?

If yiu have a joint account do you have to switch a joint account or can I switch a single account?

Ok. Found it one payment only.

Hi.
Do you know if Halifax will be able to confirm date of any previous incentive before switching now or is it just switch and hope it's under 4 years.
Thank you.

What's a donor account?

Ok. I just made a Tsb basic account. Do I now need to wait so I can switch ie to Halifax or to First direct?

Says £100 on the halifax site, is it £100 or £125?

Ok so i have an account that is in credit with a few quid that i use as an emergency account , it doesnt have any DD or cards associated with it ( aside from a Visa Debit card which ive never used) .I pay a couple of quid into it every now and again but nothing regular.
Is it worth me switching ?

Anyone know what their internet banking is like and app.
Ah just saw comment 75 - very happy

Thanks for the heads up. Going to take advantage of this offer this time around, did't get around to doing it last time. Brilliant.

best bank been with them for years. got £100 from a old bank switch to my current one recently.

I have 2 accounts with Barclays one which I use and one that I just transfer money to for emergencies no direct debits or any payments are made with the second account, can I use that account as the one to switch. Can't be arsed moving all my DD and standing orders from the main one. Cheers

I am with Halifax. What is the incentive to stay with them?

Thanks i shall wait for the card. It shouldn't take that long anyway and then Il switch. Thanks

****, I switched from HSBC to Halifax a couple of weeks ago and got £100 for switching. I wish I'd hung on now and I'd have got £125.

First time I've ever switched my account and all was straightforward and simple. They did it all.

Take the money but dont get confy with Halifax, after banking with them for over 30yrs, yes over 30 yrs they are closing my acc and they said they don't have to give any explanation. It may be racial but it the usaul "we cant comment", be careful

This happened to somebody who I know and after he complain to financial ombdonsment they re open his account. So it is not that unusual for them to close an account.

wow, thanks for that.
Another easy direct debit might be ebay (if you manage to disociate Paypal from your ebay acc)

Set up direct debits on the new account or on the account I want to transfer? Bit confused sorry

Easiest DDs are both Post Office & Tesco Easy Access Savings accounts, can set up from £1. That's what I've done. Applied for the TSB MSE link giving £100 until 4pm on Monday and will do the rest later.

Set up your DDs on the *OLD* account (i.e. the one you are switching from). Initiate your switch from the old account, to the new account.

Your DD's will then transfer to your new account as part of the switch process (fulfilling the criteria!)

PS: Make sure once you initiate the DD creation that you wait 5ish days for it to set up. Check your online banking (on old account of course) where they should appear - once they're there, you're good to go!

Should be noted that the £100 when you leave FD is only paid if you pay in £1000 per month for 6 months.

Didn't know that although I have anyway

i have had my Barclay's current acc for 3 years now and also I got my credit card there . ja it worth switching ??

I am currently with Barclays, I want to switch over to Halifax to get the £125, but I was just wondering, would Halifax take the £125 somehow and can I switch to another bank or back to Barclays whenever I like or is there some set minimum period of time that I have to be with Halifax before switching?

Thanks, I'm guessing first direct do the same so after a few days with them, get my money and do the same to switch to another bank? I'd wait 6 months but I'm off to uni in September and I want a stable bank account just before then

Thanks a lot

Is it OK for me to switch to Halifax to make £125, if I am 18 (going into Uni later this year)? Can I still have my current account at Barclays or am I only allowed to have one bank account? I want to go on to do 'piggybanking' and have 3/4 different accounts for bills, savings, and spendings.

I have two online saver accounts with Lloyds can one of these be used as a donor account please

So sorry for the late reply trojanh, it's absolutely fine to switch your account to Halifax, you don't need to make it your 'main account' and good luck with Uni, you sound like you want to make the most of your money and that's great :smiley:

That's great, free money!!! And yes, I do want to make the most of my money at uni. :smiley:
Could I switch to a Reward Current Account later on, deposit £750 and then move the 750 into my other account, and still get the reward, or does the £750 need to be spent on their system?

If I switch to these accounts now, do enough of these banks to make some money, and then I move from a current account to a Santander student account, is that OK, or will they reject me because I have opened many different bank accounts.

Alternatively, is it better to wait until I get to uni, get a student account with a larger overdraft, THEN create a donor with another bank, and then use the switch incentives?

Also which account should be my donor account, I have a main one at Barclays, so should I setup a donor on a Natwest account? Any idea which bank doesn't have good incentives so that I should setup a donor there?

Noob question here but I was just reading and it says the following : "To qualify for the £100, use the Current Account Switch Service to transfer and close your old account held elsewhere. Excludes anyone who's had a cash back for switching to Halifax since January 2012. You’re still eligible to use the switch service if you don’t qualify for the switching offer".

Is the "Current Account Switch Service " a service provided by Halifax or is it a external company/website you have to do the transfer through?

Thanks in advance.

Is this open for Joint ACC applications as we both have individual acc's set-up already?

Do I have to close a previous account after switching?

Still says £100 ??

Yeah just changed for me
Thank you

Think I'll be doing this today.

Thanks so much for your help. :smiley:

Can I ask why you say that about FD?

does anyone know if your exiting account has to be a current account or can it be a basic account as i read in their £125 switching offer terms and conditions the following:

"You are not eligible for the offer if the bank you are switching from does not participate in the Current Account Switch Service. To find out if your bank participates, visit the Payments Council website"

Switched the wife's small current account. Very easy.
I need to open more small accounts for future switching.
Doing well this year, £125 here and £150 from MSE's First Direct offer.

Thanks again Chanchi32 for highlighting this one.

Can you switch an ISA or will that not apply?

Anyone having trouble with the Halifax website? Been through the process twice and get a message that there's a technical problem and the application hasn't been completed, I tried again and now I get the message
'72005 : According to our records, you have already applied for a current account with us recently. Unfortunately, we’re not able to consider another application at the moment.'

It's not a good introduction to banking at Halifax is it?

Nope. Hehe

Their website is clearly not prepared for the volume of people who are actually interested in this offer :neutral_face: Trip to town tomorrow morning it is then.

if I have two current accounts with TSB - is it possible to switch only one of the two accounts?

Right, I have done the account creation online and have put my details from TSB to swicth, once I have switched to Halifax, can I then switch to Clysedale or First Direct?

Did this Tuesday. Got card today direct debits already set up and the money in account all before switch date of Tuesday next week. Very impressed thanks op

When you credit score is so bad that you can't even switch to Halifax or 1st direct...

iv switched had an old bank account with 1p in that i never used!

Heres the question once the £125 has gone in, can i just withdraw/? with no concequences lol! sounds too good to be true!

Got text saying all set up and money in the bank

About 3 days.

Yes, £125 showing in our account. A very smooth process.

Rubbish - 7000001 : Sorry, there’s a technical problem. We can’t complete your transaction right now. Please try again later.

Cold - Now 900000:Unfortunately there has been a technical problem. This transaction has not been completed.

What's the next bank to get some cash from then. Any good deals about?

My credit of £125 was showing as of yesterday, so within 4 days the account was set up, bank card came today, online banking was activated yesterday and a credit of £125! Very smooth apart from the hiccup.

Thanks Chanchi!

Hi,

Can any1 tell me how long after you've opened your account and received the £125 bonus, can you then leave and switch to say Clydesdale bank to take advantage of their switching bonus offer?

Don't want to lose my £125 from Halifax if I switch too soon!

Thanks

Stuart.

Ps what's a donor account.
I noa have an account with Halifax and Barclaycs. Shall I switch Barclays to someone?

i want to know what a donor account is too. i have 2 accounts with lloyds one i never use and have 1p in (im presuming this is a donor account), so i have switched this account, and received my £125 and got card today and pin code.

another question please- they wont close both accounts will they? just the one i told them to switch im hoping!

Also would they be any consequences for withdrawing the money straight away

Thanks

Has anyone tried to switch a savers account?
If yes, did it work ok?
I've just notice I have an almost dormant Yorkshire BS savers account.

Interesting.
Watch and wait at the minute.

Interesting article.

Just wondering how this works with regard to salary payment. I've missed the cut off date for February with regards to giving my employer new bank details. If the whole process takes 7 days and your banck account is closed what happens to the salary payment at the end of the month?

Thanks

Please note when you open the account in your name you'll need to upgrade it to a joint account (which is all I have) before you can compete the switch. To upgrade to a joint account I need to visit my local branch for a 30 minute appointment (wouldn't work online). Not very convenient plus the only appointment I could get is 15 days away. So it's more become a lot of faffing about for £125.

Do you need to have held the account that you are switching to Halifax for a minimum amount of time or can you just open an new account elsewhere and switch straightaway?

that really is nonsense... noone favours you for loyalty, beyond realising that they don't have to sweeten the pot and yet you'll still stay... the same logic as all old pensioners use for still being with 'the gas board' and abused partners use for staying... a fraction of time spent sorting out your bank COULD net you up to a grand by switching what i'd call 'ghost' accounts. if you want more info, happy to talk you through it... or not. but don't believe you get preferential service to sticking with anyone...

Hi guys. I was just looking at the application form and filling it in but there is no page on the application asking for the details of my current bank? So how do they do the switch if they don't have the details of my current bank. Or do they ask but its after the initial questions they ask in the application online?

I think you meant to reply to one of the other guys and not me since you obviously agree with what I said yet start off saying "that really is nonsense"

I've just received my £125 switching bonus, how long should I wait before I switch to the Clydesdale, as I'm not wanting to switch too soon and lose my £125 bonus.

im sure i read somewhere if you switch after 6 months (but before 12 months), you receive another £100 from halifax- can anyone else confirm this- or how long you have to wait without switching, so not to lose the £125

thanks

thanks for that!

So does anyone know please how long you have to wait before switching- so not to have to repay the £125 please?

any chance if this switch from Bank of Scotland to Halifax will be honored for cashback. Both are from the same group.

have opened a new account with halifax, got my email confirmation today, went online to set up the switch from norwich and peterborough and i'm told it can't be done with this bank online, it seems nothing can ever be done with N&P i have no credit, so a poor rating and went to set up vanquis card to create a credit rating and only got refused because N&P don't accept DD's with them, can't wait to be rid of this bank =(

Hey all, can someone please help clarify PayPal direct debits? Do you set up a £1/month dd from the bank to pay pall and then manually transfer it back to the bank (if you don't spend it via paypal)?
Thanks

Hey guys, how du close the account after getting the incentive? I don't want to switch again, but bit worried they might try to get the 125 back.

No doesn't say anywhere how long uouve got to keep account.

It could only happen to me...smh..Started the application almost got to Confirm when they offered me overdraft, somehow didn't take a decision and I was timed out telling me I should restart. When I restart the application I get an error telling me I already applied. What to do now?

Can anyone confirm if after having paid in £750 and two direct debit payments coming out, if you then withdraw any remaining cash to take your account to a £0 balance, will you get the £5 'bonus' for the month? I'm wondering about their definition of a positive balance, if it's more about not having gone into an overdraft.