mega threads are a waste of time unless they appear on the main page which sometimes does happen, no one will see it unless you know its there or keep checking the older top threads

Wow. Doesn't matter where this was posted before. I wouldn't notice without this post. Thanks Op for saving me £220!!!

What does the weather have to do with anything?

Doesn't

Yep, finally they coughed up. Time to ditch and switch!

My £70 cashback has been paid out too

Yeeehaa! Just checked Quidco and my £70 cashback has been confirmed and I have arranged transfer to my bank account. I hope everyone is as successful.

My cashback claim is still showing as being in the waiting to be confirmed stage, though it is not due for payment until 18th May. Would your payment be earlier because you are a Quidco premium member? Anyway I'd try to ask for a further explanation, say you want more details as you want to take it to the banking ombudsman, that may get them to pay a bit more attention to your request. I would have thought the Co-op would be as responsible as Quidco for the switching incentive and therefore may actually be under the consideration of the ombudsman. If you actually wanted to check that out the banking ombudsman offers a phone line advising what they cover on 0800 023 4567

Anyone else's cash back been declined? Mine was due to be released on the 6th and today just noticed it has been declined because apparently the retailer does not accept cash back claims so quidco are unable to investigate either.

Same here - back to £70

Yep, mine has jumped back up too!

I just noticed that my cashback is now back to tracking at £70, up from £48. Hopefully everybody else is also finding this. Cashback date is still May 18th.

Mine is now saying 16 May too! Crazy! Quidco has become a joke

Can confirm they paid mine. I sent them an online message through my account. Apparently payments were delayed because of a error with the system and they had to process them manually which took some time. Oddly I got paid straight after I pestered them again. Still nice to have before Christmas. Actually it saved Christmas for me. :smiley: that and winning £500 of Argos vouchers. :wink:

I queried this and was told that payments were being slightly delayed due to a sudden influx of accounts having all been opened at around the same time. Not sure what caused that...

I received my incentive the exact same day as you and my quidco isn't due until 16th May next year :confused:

I completed all of the Co-op requirements and they paid the £150 switching bonus into my account on 9th November, exactly 50 days after my application to open the account.

Quidco dropped the cashback down from £70 to £48 for no apparent reason, on or before 3rd December.

I contacted Quidco on 4th December, their response was:

"I'm sorry to hear that your purchase has tracked in at a lower amount, but please don't worry.

Some retailers will always track your purchase at a lower amount, and then update to the correct amount of cashback once the transaction is confirmed.

On checking the retailer's terms and conditions, I can see that this is the case for your transaction.

If your purchase does however confirm at the lower amount, please raise an incorrect cashback claim by clicking on this link, and we'll be able to manually obtain the missing amount of cashback from the retailer for you."

It is still showing as "tracked" at £48 on Quidco today, and has not progressed to "confirmed". They estimate the cashback will be available by 05 February 2017.

I got the £150 from the Co op after about 50 days or thereabout. I am still trying to pin Quidco down to why their reduction of £70 payout has gone down to £45 and can't get a simple answer at the moment.

There wasn't a required amount, just got in touch with co-op though and apparently there was a delay in the banks switching so I'm due it on 15/12/16 or before. Will update this when it's been paid. :smiley:

Did you also pay in the required amount after the switch? That is I think why my previous cashback incentive was never paid. I didn't try for this one though.

Anyone else had CO-OP not pay out the £150 incentive? I switched 4 DD's, it's now been 45 days the 4 DD's have been paid twice and no incentive from them. I don't get it, I followed everything it said.

My cashback also dropped to £48. I queried this with quidco and got a reply to fill in a claim form. This form would not permit claims against the co-op bank so I responded to the support ticket stating the problem and asking again why the drop in cashback. I got a response today stating "I'm sorry to hear that you've had this issue. Just to let you know, we are now investigating this further for you and we hope to have a resolution for you soon. Do be assured we'll keep you updated until we have final resolution. Kind regards, Lauren Escalations Team"
So we'll wait and see.

I had a reply of quidco support, they said to put in a claim....only you can't claim against Co-op bank unles I'm doing something wrong. To be fair though, I have had the £150 bonus. But I had to switch again, I hate the online banking, absolutely awful app and website. Completely horrible to navigate!

I've also spotted mine got reduced from £70 to £48 - not sure why.

Yes i did notice that and have put a ticket in to contest this

anybody else noticed that their tracked cash back has reduced? mine has dropped from £70 to £48 today

Yay, got my £150 switch bonus yesterday, 11/11/16. Quidco is still tracked and estimated payout is 18/05/17.

Cashback on Quidco has now disappeared completely.

I rung them and they stated the dd must have made a payment or they won't be accepted

For those wondering if the DD's need to be paying out before switching, here's the answer i got on their live chat:

'As long as the 4 direct debits you switch to us claim from your co-operative bank account then you'll be eligible for the switching offer.'

What are Quidco upto? I saw this post was expired and had a look at the quidco offer page and saw that the cashback was down to £40 with no mention of the co-op £150 switching bonus. Looking at the previous voucher code page I saw quidco stated the £150 plus £70 offer was offered from 21st to 22nd Sept. Then offered it again from 23rd sept to 23 sept. Are they adding and removing it daily?

It says not eligible if you have had bonus since Jan 2014

If you've had the cashback before and closed the account, anyone tried to re-open one a year later and got the cashback?

I just applied online through quidco this pm. I had an e-mail within the hour saying I had been approved. I rang the 0800 number shown on their switching page and arranged the switch. The lady said the actual switch could only be done on the phone and I have arranged the earliest switch start date available of 4th Oct, with ability to cancel before then. How quidco tracks all that I have no idea.
Edit: Quidco has now tracked. That took a total of about four hours.

I applied 3 days ago and have heard nothing since - anyone else?

I had a bit more confidence now that the full £150 plus £70 offer was on the quidco page, so have now applied. Fingers crossed. Cheers op.

Does anyone know long long this is on for as u have to set up 2 new direct debits

I'm going with the coop despite them being an ethical bank.

My axa ISA is by direct debit

Payments to your old bank account will forward to your new account for 36 months. Also you can change you BACS payout account before you need to pay it out. Quidco withdrawal is on request and not an automatic payout.

Expired, quidco dropped their cashback early back to £40

No, they're the same.

Typical vegan.

Also unable to print screen to copy - doesn't show the £150 offer when copied. Help appreciated please??? !

no they're standing orders

Quidco say its only payable if you have bacs set up - how do you get payment if your bank details are going to change to co-op?

I applied last night and got accepted, waiting for final details. Quidco has £150 co-op advert on their cashback deal so if you take a screenshot this may help for any problems with Quidco. I am moving from First Direct so should get another £100 on top of the £220. Happy Days!

I've highlighted the key point of your "argument" which is very much a strawman one. No-one said the Co-op was whiter than white. You have absolutely no idea what else anyone else does to make things better for other people, of which banking with the Co-op (as opposed to say HSBC) is only one. You come across as a very angry and judgmental person who's willing to put down the efforts of others while contributing nothing yourself. And you're possibly absolving yourself of the fact that you can't be bothered to make sure some good things as opposed to mostly bad things are being done with your money and in your name.

You have my pity, sir.

Quidco will take at least 5 months to pay, which is fairly standard for these sorts of deals. They want to make sure you don't jack the account in as soon as co-op pays. Quidco took about the same time to pay me when I switched through them to the Halifax a while back. £150 in itself is really good. £70 is a great bonus. And if paid when it says, it should help out that post-Christmas finance depression :smiley:

That sounds a good deal but i`m with Lloyds bank and when i worked out how much extra i would have to pay for the loss of the account benefits it just was`nt worthwhile.

You realise your statements about a couple of companies have absolutely nothing to do with the point I made, which is that they are better than other banks (with specific policy restrictions) - something which you completely fail to quantify with your couple of examples.

Nobody is saying they are 'whiter than white', so why are you choosing to portray that as being the argument made?

As the Quidco expires in 4 days, how long will a DD take to show on the system?

You wanted some facts, I gave them to you. You're deliberately ignoring my statements because you know you can't directly refute them.

Anyone that thinks the Co-Op Bank is whiter than white is naive and needs to get a clue on how banks operate (for better or worse). It's all just a bunch of Co-Op Bank customers patting each other on the back in an attempt to absolve themselves from responsibility when it comes to doing any real good. And there is nothing worse than sanctimonious goodie good preachers that are really no better than anybody else.

I take a more pragmatic view and don't really care, but I don't kid myself that banking with the Co-Op is going to change anything in the world.

I'm not sure it's appropriate to call specifically outlined policies restricting their banking provisions 'airy fairy' and 'very little actual fact'. Let's be clear - those policies *literally* mean they are not engaging "in the same activities as every other bank"

And your arguments become ridiculous when you say that them refusing to support fossil fuel extractors somehow conflicts with their customers driving. And you managed to name 2 companies - well, that doesn't exactly demonstrate that they're as bad as the other banks, which is the point.

Have you read their rather large ethics report? It's airy fairy rubbish with very little actual facts. They apparently decline banking services to fossil fuel extractors. So I take it the Co-Op itself and their customers don't don't drive or use any products made from plastic.

The Co-Op mis-sold PPI along with every other bank.

At various stages they have made investments in the tax dodging Vodafone and animal testing pollutant GSK. Both these companies do/did have connections with the military.

Do you really think they are any more generous thank any other bank when calling in debt collectors?

I don't care that the Co-Op engages in the same activities as every other bank, but I'm not naive enough to believe otherwise.

And let's face it, you have to be totally incompetent to hire a CEO with absolutely zero financial experience.

The point is that it's still far more ethical than pretty much all the other banks. The fact that you're looking to refute this by bringing up one person, including his past personal life, rather than being able to talk about lots of unethical investments the bank has made, rather reinforces this point.

If I set up 4 direct debits, each paying a pound to a relative or an ISA, does that count?

will have to persue this...

Application rejected?? Is it worth ringing to find out why and if it can be processed over the phone?

Seriously?

You mean a bank that was dumb enough to put a man in charge (Paul Flowers) who had no background in finance and oversaw huge losses, was a heavy drug user (including crack, GHB and crystal meth) and was aware of child abuse at schools he was responsible for in a previous job but took zero action. That doesn't sound like an ethical bank to me.

would this work if I opened a new account elsewhere then switch to this?

​don't you have to close ur account fully in order to receive the cashback?

How long does it usually take for quidco to pay out?

I did the £151.50 cash back from way back in January. It's just paid up today;). Nice one

Just a heads up for anyone wanting the £70 Quidco cashback, by the looks of it nobody is getting their money. Read the reviews on the Quidco page for this offer

delboyd - Do you know how long after setting up a DD it appears on your online banking statemnet as an active dd? i set up 3 different charities and none are actually showing yet! Can you get TopCashBack aswell as the £150?

Great bank, nearest branch is now 24miles away - used to be 2miles.

Edit - Misread.

This is actually exactly the same question I had... I've read up a bit and think the DDs only need to be set up - No payment is necessary. As long as they're set up and active you're good to go.

I'm probably going to go with TopCashBack as Quidco seem sketchy on this. Tracks at £42 or so.

Doesn't it require 4 DDs?

​I called and they said the switch can be done entirely online and on the phone no need to go to branch. Mine is also an age away. I have kept a current account for a Halifax local to me so I can bank cash and cheques then pay over to my co op account online

I only had 2 direct debits so set up 2 additional ones for £1 to 2 charities - they won't take their first payment for nearly a month though so does that mean I can't switch and get £150 for a month?

It is worth checking the level of cover with those though. Whenever I have looked, the ones for that sort of price have an excess on recovery, and often do not include within a few miles of home, Auto Aid whom I use do cover this and have no excess for recovery.

great offer and heat added but reading the reviews quidco dont seem to be paying out on the cashback. is this anything to worry about?

I agree it is a good deal, but they did have a point that it isn't free if you are paying for the bank account.

Re. breakdown cover, I pay just over £40 a year for mine, no excess, unlimited recoveries including from home with Auto Aid. However if you have two people with two cars, that is already £80 with my breakdown cover. So for the extra money for that account and the extra cover, it is a great deal I think, if you need the extras. (Speaking of, is there an excess on recovery with the Nationwide deal?)

As for something breaking down after 20 months, if we are talking about mobile phones, new ones should in general be expected to last 24 months. If it is available to get on a 2 year contract, then even if bought on pay as you go, it has been deemed that the handset should have a minimum 2 year lifespan, it might take a little to argue but you should be able to claim under warranty. As for home insurance covering mobile phones, that really depends on cover level, depending on home insurance obviously, but mine would have added quite a bit to cover a mobile phone outside of the house as the risk is high, at home it is covered against accidental damage as standard though.

I wasn't having a go at you personally and as I said, if you have a family to cover packaged accounts like that are indeed a good deal.

Car breakdown is actually more like £15 for the basic service but I usually suggest 1 up from that which is about £25 *with cashback* - there are enough brokers and cashback options to do this for 5-6 years so long as you switch (or just haggle - they will drop the renewal down). I mentioned only for older cars as brand new ones very often come with breakdown cover during the warranty period (mine does for 3 years for example).

SOGA only covers defects yes (in the same way as extended warranty insurance)- but as the policy is geared towards fridges/washers/cookers etc (i.e. appliances) SOGA tends to be fine as you reasonably expect them to last more than 1-2 years. An extended warranty is almost never worth buying either as a catch all policy or on individual items.

Phone wise it can be helpful but it depends very much on your insurer you are correct. With mine it's included a bit like windscreens are for cars, but not every insurer is that good :smiley:

Again - if you have a family to cover it can be a very good deal and a cheap way to buy insurance, particularly for the annual multi trip travel insurance. The nationwide one is the best of the packaged accounts too. It is very situation dependent though which is the point I was making...probably a great deal for you and your family, but not for everyone.

Oh, do grow up. I never said:

"the Co-op only employ angels and never accidentally employ sex- and drug-addict vicars."

Their ethical policy talks about where my money is invested. They didn't, as an organisation, knowingly invest my money in coke or rent-boys and I, once again, challenge anyone to show me a better bank in any regard to the above.

Damn I got it last week when it was £50 cashback.
Waiting time for cashback is about 28 weeks BTW.

Lol... if you think coop have a problem for that reason, then you don't know about the other banks in the same boat...
I wouldn't worry about it, if they fine Coop to the point they have to close, then others will go the same way, IE, it won't happen...

Sale of goods act doesn't cover for smashed or lost phones. Quoting the sale of goods act doesn't always work if something goes faulty 20 months after purchase. A claim on nationwide mobile policy doesn't affect your home insurance policy having checked. So if you use your home insurance policy, your premium may increase. Car recovery from home isn't £25 anywhere. Older car or not, any car can breakdown.

What are these mega threads and how do look into them? First I have heard of these mega threads.

Good deal but looking at comments on quidco, there has been a lot of problem with getting cashback from co-op and quidco

Also can you if donor a/c is joint (Mr&Mrs) does coop a/c needs to be same? or can have two separate a/cs if needed?

Do we need to pay in any amount to qualify or just 4 new DD would do?

everyone on Quidco saying they're not receiving cashback

This might be a good option for all those unhappy 123 santander customers.

I'd avoid this if you plan on having savings over £75k (would be nice I know!). There is a very good chance they are going to go under by the end of the year. Their banking system was build on their retail platform and the FCA aren't happy. They are looking at about £1bn to rebuild all of their systems to be compliant.

My local branch is a mere 35 miles away. Can you use other banks branches does anyone know?

"the Co-op are a great bank and the only ones I'm aware of with an ethical policy."

:laughing:

Do coop do Android Pay?

Can you set up 4 charity direct debits for £1 to qualify?? To clarify they'd have to be set up on card pre-switch then carried over? Thanks

Can you still apply and get Cashback if you've already received a switching incentive before ?

​yes ... TCB really have gone down hill . :disappointed:
I have number of cash back waiting nearly 2 years!
not holding my breath.
quidco also following ....
is there any other cash back site I wonder?

If you are paying £10 a month the those insurance products you are receiving are not free :smiley:. Not to say it's a bad deal if you have a family of 4 and an older car mind, but when annual travel insurance is £30, annual car is £25, sales of goods act generally improves on a manufacturere warranty and phone insurance is free for most people via house insurance its only really a good deal for the 3% interest or if you have a number of people covered at once.

I agree though I wouldn't touch the coop bank for many reasons. They are a completely separate entity from the coop group and only share branding - and there are a lot of differences in service/attitude etc.

If I were switching I'd be off to HSBC - same £150 deal but better service imo.

perhaps not so ethical and reliable as in the past?
from 2013: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10469956/Co-op-crisis-a-shambles-waiting-to-happen.html
...the bank’s directors to back a deal that would see them hand control of Britain’s “ethical bank” to a group of bondholders, including several US hedge funds...
the Co-op Bank has gone from one of Britain’s favourites to a basket case. It tried and failed to take over 630 branches of Lloyds Bank. A £1.5bn capital shortfall was discovered and the bank was threatened with “resolution” by the Bank of England – closure, in other words. A last-ditch rescue package will see Co-op Group lose overall control of the bank that was once at the heart of its operation.

the payout should have been after a few months, then delayed again and again, TBC were very good for me, paid out early as I raised it as an issue.

I kept mine open, sitting waiting for the next move :smiley:

Smashing, thank you OP. :smile:

I do worry the effect this could have on your credit rating....

Would constantly switching over and switching back on your current account have any effect on your credit rating?

Those who have had previous incentives are excluded.. Clearly says that..

I'll get my coat..

This needs expiring as you won't get paid both according to Quidco
Me: Hi, can I use the Co-op bank offer in conjunction with their £150 joining incentive?
Megan: Ok, I can see the Quidco offer on site is for £150. If you accept their offer of the £150, then this would invalidate the cashback process at our end. It would normally be the cashback incentive offered on our site that would be accepted and not from the retailer's site
Megan: I will pass this on as feedback as though as that is a higher rate

Just called and asked about the switch. Advised that it's £150 per account so mine, my husband's and our joint account are all applicable. Does anyone know if I can create another Quidco account to get the £70 for the joint account?

Holding fire until the Santander higher interest comes to end - hopefully then there will be some tempting switch deals.

Thank you

I'm still waiting for cashback from Nationwide via QuidCo, opened account 9 months ago. I've never had issues with TCB before.

​​Did you have to keep your co-op account open until topcashback paid out? I'm looking to switch mine again now.

​At least they are paying even if it's slow.

Do you know if you need to keep the co-op account open until topcashback pays out? I'm looking to switch again now.

I did the £151.50 cash back from way back in January. It's just paid up. Nice one

Great deal, been with Halifax a few years but at £220 for me and the wife it's a no brainer. is it easy to open a coop savings account as well, like to have separate accounts to partition my money for various savings/bills etc?n

I did ask them once and they refused to comment.

remember cash back is never guaranteed and it's a bonus if it pays out :stuck_out_tongue:

​switching application has to be done after the account has been successfully opened

hope that helps you :wink:

​

Of course mortgage lenders look at your credit score and the number of recent searches when arranging a mortgage, as well as you income/out goings, they not only use Experian but also Call Credit and Equifax... They look at how you manage your overdraft too....

Anyone know how the app compares to Barclays. Their app is excellent...

Quidco also states:

Comment

I take it they don't invest in Israel then? I know they pulled all West Bank/Israeli products from their supermarkets after the massacre in Gaza.

Literally every review on quidco says they never get cash back. I wouldnt get your hopes up on getting anything from it.

Hmm has anyone got this... Just seen it and on the Quidco app it clearly states the £70 won't be paid if an incentive is taken from co-op direct.... So are people receiving it?

Thanks for posting. Having 4 active direct debits makes this one a little tricky for juggling accounts for the incentive. Still hot though!

same happened to me, I did not know that I had to call them. it is fast

I'm with nationwide, get free worldwide travel insurance for the family, mobile phone insurance for the family (already claimed twice), breakdown cover for two cars, 3% interest for upto £2500 balance - works out at £6 interest a month and 12 month extended warranty on appliances. Costs £10 a month minus £6 interest - £4 in total. Nationwide also has fee free cash withdrawl machines abroad. I'll stick with nationwide for the £48 fees a year, until they pull the benefits.
The fact that the Co-op bank let Paul Flowers get away with what he did is one reason not to bank with them. Plus they had a £1.5bn bailout.

No they'll send you an email saying you've been successful. You can only switch when you've got the paperwork or phone them.

So I thought I'd have a go at doing this. Followed the link and started the application for a new account. Now I'm at the send application screen. But there's no info on the fact I want to switch. If I create a new account will it automatically switch??

...they also care if you are on the electoral register for the proper address

set me back 3 months with a mortgage!

as it goes just read the quidco reviews and we definatey wont be getting that extra £70 as it seems nobody has had it..

£150 SWITCH OFFER NOW MISSING FROM QUIDCO PAGE, so you will get cashback refused if you apply & get the £150 switch incentive

thanks so much. just passed my 6 month time from first direct so should get £320 hopefully.

Is this the best transfer/switch offer out there right now?

Very tempted by this but Co-op cashback has terrible reviews on Quidco.

I did the £150 tcb deal in January, it has only just paid out, I'd given up on it actually but better late than never.

Thanks Op, feel kinda bad leaving FD, they have been good to me. Not good enough to turn down £220 though.

Good point, not entirely sure to be honest.

A mortgage provider will not care if you are opening bank accounts, they don't care for "credit scores" which exist only in the minds of consumers. The bank doesn't go and look at Experian when deciding who to give a mortgage too, they are interested in your current debts and your ability to repay them, and the mortgage itself, opening a new Coop bank account is not exactly a factor in that process

No. Four.

What exactly does this mean? I've only ever had one account and that's with Santander

Do you need to have two direct debits transferred to get the £150 + £70 cashback? Thanks

there wasn't supposed to be a snark in the comment sorry if it came across that way, problem is they had an ethical policy and then went against it, now when they aren't even owned by their members but venture capital groups and the likes they are trying to play on that all again. In the old days when they were a real members organisation and prior to their recent mess both ethically, managerial and others they were held in high esteem sadly they are now just a big business like many others. Its been argued many times on the google, amazon, starbucks thread that not paying enough taxes or being ethical is not right, same goes for the co-op, they have one and one task only and that's making money for their shareholders and in that case let hope they keep the ethical stance but I suspect they making money will be the number one priority. Rant over :smiley:

On a side note, went with the £150 TCB offer in January, the Co-op called about 4 months in to interview me to ensure I was who I said I was, had the third degree about why I had opened a Co-op account and when I closed a Smile one a year ago. Was not the best customer service you would expect and to make matters worse they had actually given me a different middle initial than on the Smile account and even though I have been in 2 branches to have it fixed 9 months later letters still come with the wrong name on them.

nice thanks

Great bank. They are decent at answering the phone, their App works brilliantly and they give cash back. Oh, and ethical too

Does the payment date matter?

For example a few charities wont take payment till next month

They're not THAT bad. There is a very slight knock to your credit rating in the short term if you keep switching, yes, but it's really not that bad at all. I wouldn't worry about it unless you're applying for a mortgage or anything. I have done a clearscore review and "applying to many financial products" is the only red mark against my account. I'm still well above the national average.

I have in fact suffered the consequences of constant switching and have had overdraft applications either delayed or flat out rejected, but then the Co Op switch tonight will be my 8th bank account application in the past year along with a new phone contract and a switch to Virgin Media so I'm hardly surprised!

If this is the first one you've done in a while, or even the second in a year, it will have minimal impact.

If you search for £1 magazine subscriptions you can get 3 magazines for £1 special offers on direct debit, set up 2 and cancel before the end of the 3rd month if you need DDs to transfer

Isn't it the case that switching banks is bad for your credit rating? I keep seeing Martin Lewis telling us to switch, and even the government seem to be running a Switch ad campaign now, so is that no longer the case?

Despite the slight snark in your reply, you're right in that there have been some mistakes made by management.

But they're still leagues ahead of the other banks and actually have an ethical policy, so I'd challenge you to find better.

I think I will DD to a few charities to be on the extra safer side ha

Thanks for advising about the Tesco Internet Saver trick.

True true, just hope the deal isn't pulled all of a sudden lol.

I'd wait a couple of days just to be sure then complete the application when the Quidco offer has a day or so to run. You'd be kicking yourself if you miss out on the switch incentive just because you applied a day early or something mad.

Just set up two direct debits with two charities, should i just register for the switch now or do i need to wait until the DD's are registered with my bank?

Good move on moving existing DDs now because the Tesco Bank won't be open in time. That's exactly why I set up the Tesco DDs in advance, anticipating a decent switching deal becoming available. Looks like now is the time!

Equally good move in opening the Tesco Bank account now. It's awesome for switching accounts; it's basically two free DDs for every one of your current accounts (for the time being anyway!).

Moving from FD and only have 1 DD. Opening a Tesco Bank account now, awaiting approval which will be 2 DD hopefully.

Looking to move my Phone, Internet, Paypal to FD which should give me another 3.

Praying this all shows on FD within the next 5 days before it expires :smiley:

People are just getting their from January :disappointed:

thanks for response. just called them they said if you have received incentive before you would not qualify.:disappointed: oh well

Where have you been for the last 10 years might be time to have a Google of their ethical failures, there amazing boss the list could go on.

HSBC pay £150 and then a further £50 after 12 months, and requires 2 direct debits OR standing orders.

Can I move back after receiving the incentive?

​You convinced me, going for a tesco account then, thanks a lot! :smiley:

Direct Debit.

Mine looks like its been approved which is cool.
Now to transfer from FD to M&S.

Great deal, pity I had a Co-op account a few years back for the free money, so I can't qualify for the bonus on this offer.

Do standing orders count or does it have to be direct debit?

Still waiting for the £50 topcashback from switching in July. Co-op £150 paid out no problem though and sooner than expected.

Yeah definitely all I have; two Tesco Bank internet saver DDs and virgin media. I just checked (especially for you :smile:) and I received my monthly interest on the 16th of this month, so I'm definitely qualifying for the interest. To clarify I set up both internet saver DDs because it's just easier to keep track; I just spent 30 minutes setting up Tesco DDs for all of my current accounts ready for future switching.

Don't delay mate. Open up a Tesco Bank account; no minimum deposit per month, no DDs needed, decent interest on £3000 and bonus DDs for your other accounts. Get on it!

Its definitely 100% certain direct debit. It only counts as 1 DD though regardless how many times you use it, but that wasn't what I meant.

Cheers, if they do drop their £5 a month, I'll probably move my main account to Co-op as well for their £4 a month. I know Halifax just dropped their £5 a month reward from their credit cards as of this month I believe.

Sorry to be a pain, but is that all you have in your santander account? No other DD? Because virgin definitely qualifies as 1, just questioning the purpose of the other 2 :smiley: (For Santander 123 you need at least 2 DDs)

Just done it, waiting for approval now.

Bye bye halifax

I will set a reminder in my calendar to look for new switch incentives in 6 months then :P

Yeah I think they are. I wasn't trying to be specific sorry, I was just saying that there are two savers accounts that use DD's as a transfer mechanism.

Brilliant - thanks for posting this otherwise I would have missed out. Already had the email saying application approved

The fact that they appear as DD doesn't mean that they are classified as DDs. They are definitely credit transfers, but to see if they qualify towards the bank DD requirements, you would need to test it. It is hard for me to believe that by just buying stuff via paypal you can bypass the DDs needed per month.

Direct debits don't need to pay out? Can they just be 'active' ? Like with Santander, just need 2 direct debits to sit there and you'll get monthly interest

Halifax under review? Link please?

​are you sure it's not internet saver and instant access tesco accounts you have?

Paypal transactions appear as a direct debit too.

Dunno. It's just how they operate. It might change one day but there we go; they qualify as DD's so happy days!

Ha, I'm going the other way! The Halifax 5 pounds a month is apparently under review whereas CoOp have said they are definitely keeping their £4 a month reward. I reckon that's what is going to swing it for me (£220 is pretty sweet as well mind!).

Santander are cutting their interest rates from November
As long as they stay in business and give me cash I don't care about the rest

I just switched to them a month back. Still in the switching process. Never seen a bank as slow as co op. £150 incentive and £48 via TCB
Heat added op.

Sounds like a good deal but sometimes when the deals sound too good there is a reason why .... in this case
the Co-op is not in good shape despite someone earlier saying they are a great bank - sorry but they're not. This deal is good to use as a way to get some free money, but it's not a long term prospect IMHO.

Ok, now i understand, but it sounds a bit strange. Why aren't the 3+4 credit transfers above classified as standing orders instead?

No loyalty any more with banks, been with them for years great customer services but rubbish interest on savings and ISA.

Haha, I am currently in a transfer from Co-op to Halifax for my 'donor' account. For some reason I missed out on the eligibility of Co-op cashback last time so when that completes at the end of the week, I could make sure there are enough DDs on the new account and then hopefully transfer back again before the offer ends.

I would say an easy four for most people paying their household bills without having to sign up to anything new would be:
1. Electric/gas
2. Water
3. Council tax
4. Landline/broadband
All these are likely to be constant at the same value, so it is easy to set up a single monthly transfer from your master account to this one.

Other options if needed:
5. Mobile phone
6. Magazine subscription
7. Credit card (more likely to be variable unless you have a card specifically for small purchases)

Then you get into things like mentioned above, savers, charities, etc.

Not sure what your question is, but to clarify I have a Tesco Current account with two internet savers. Each saver allows you to set up a separate direct debit with any of your bank accounts.

Therefore in my main current I have 4 direct debits going out.These are:

1) Phone direct debit
2) Credit card direct debit
3) Tesco Saver 1 direct debit
4) Tesco Saver 2 direct debit

My Santader account has virgin media and the two tesco savers as well, for example.

But the DD needs to be between the coop account and another account, not between the 2 tesco accounts, so how do you increase the DDs?

:neutral_face:

Nice one - not going to have any of this done by the time this offer kicks the bucket but that Tesco account sound interesting! Cheers

Practically all banks are offering incentives. It's called competition. Again, your money is protected up to £75,000.

If a situation arises where your £75,000 cannot be covered by the scheme then we will probably be in one of the worst economic depressions the country has ever seen and we'll be back to bartering services for tins of beans anyway!

Might go looking for a tin foil hat deal. I'll be sure to get a cracking heat score based on some of the people browsing the site today...

Damn it, I did this the other week but using the £58 tcb offer. The service so far has been exceptional. switch only goes through next week but first impressions have been great. It takes up to 45 days for the £150 to be paid.

The problem here is that my "donor" account doesn't have 4 direct debits. Any idea on how to get round this?

I already have done this Last year. got email says comeback and we will give you £150.
but on same email under t&c it says only for new customers!
don't know weather to give it a go :man:

Link don't work!

Firstly this is a great deal. But secondly, the Co-op are a great bank and the only ones I'm aware of with an ethical policy. So unlike most, your money doesn't ever get invested in third world dictatorships, arms deals or anything similarly nasty. HSBC for one have been exposed for this kind of thing in the past. So if this is important to you, I'd say grab it with both hands.

I've been a member of the Co-op for the last ten years for this reason and it's worth more to me than the incentives of switching to any other bank.

I disagree. :wink:

I still get the odd hot vote every couple of days along with a comment.

Currently, 3rd hottest active deal of all time, can be seen on the main page on right hand side under the 'all' tab.

Its £4 not £5.50 and you need 4 Direct Debits , not 2 :wink:

For the additional £1.50 each month you have to use your card 30 times which is rewarded at a rate of 5p per transaction :wink:

Anyone know if the offer also includes the £5.50 bonus every month if you pay £800 or more into the account and have 2 standing direct debits?

already posted in the mega thread.

​sorry should have been clearer. i was talking about the co-op mobile banking app. i uninstalled mine straight away.

Just a note, but they have recently updated the mobile app and it collect "anonomous" data by default now, with no way to stop them.

Wow. Doesn't matter where this was posted before. I wouldn't notice without this post. Thanks Op for saving me £220!!!

The link has been updated, http://www.quidco.com/co-op-bank-current-accounts/

Works best if you copy and paste for some reason?!

Page doesn't exist OP