Constantly opening and closing bank accounts and having multiple hard searches in a short space of time. That's if you do loads in one go like I just did. But meh. Score won't be impacted that much I doubt. I will update in a few months. It usually recovers after 12 months so I am told.
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Current account switching Bonus
- Thread starter brightside229
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Constantly opening and closing bank accounts and having multiple hard searches in a short space of time. That's if you do loads in one go like I just did. But meh. Score won't be impacted that much I doubt. I will update in a few months. It usually recovers after 12 months so I am told.
Done it a bunch of times, fairly easy and I have no loyalty to a certain bank. Though I've probably run out of eligible offers now.
Edit - most of the offers were done before buying my first house and seemingly no impact.
Edit - most of the offers were done before buying my first house and seemingly no impact.
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Ye you def don't wanna lose that benifit innit
I try not to do it too often tbh
I made £1600 doing switches around 2023. Kept my main account with all my normal DDs untouched, just moved other accounts around.
Only thing that hit my credit sore were the Natwest group banks, they did hard searches. To be clear this only affects your credit "score" which is made up by the agencies. A mortgage provider shouldn't be interested in the score, rather than what is in your report, i.e. missed payments.
Only thing that hit my credit sore were the Natwest group banks, they did hard searches. To be clear this only affects your credit "score" which is made up by the agencies. A mortgage provider shouldn't be interested in the score, rather than what is in your report, i.e. missed payments.
A few years ago we ignored all the emails and letters from RBS for our business account switch. Eventually they offered us £6k.... Well if they sent the first one saying that we would have closed straight away. The funny thing was we had already switched the Barclays and were only using RBS as a landing account for one contract we had...
Fairly regularly, don't stress about missing them as there is nearly always a next time.
Switching from Starling should be fine, just make sure it has all the requirements.
Having just recently joined Chase to use for burner accounts, I have a few referral codes left where you get an instant £50 if you join using the code and deposit £1000. (Can take money straight back out). Can these be listed on OCUK forums under any categories like the vouchers sub forum?
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Thanks Maccy I did genuinely search rules in members market, but when I did a ctl F on "refer" previously found nothing! :O I must have been using an old link maybe inside a sub forum.Verification required
Sounds like I can say here that I have chase referral codes and that if anyone wants one to request it from me via private message.
- Joined
- 10 Mar 2009
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- Newark
Still getting "rich" doing this, just had my RBS £200 bonus paid today and now switching to nationwide for £175. Will then be switching to coop after! I think i can also switch to bank of scotland at some point too
Off my head the ones i switched so far this year are Natwest, Santander, TSB, Barclays and RBS That brings total to around £1k of free money for pretty much no work.
Off my head the ones i switched so far this year are Natwest, Santander, TSB, Barclays and RBS That brings total to around £1k of free money for pretty much no work.
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- Joined
- 10 Mar 2009
- Posts
- 1,444
- Location
- Newark
some of them do not need direct debits, i think RBS just need you to pay in 1250 and leave it 24hours
Got my barclays one a few days ago.
Only doing it about once a year now. Due to offers drying up and more banks doing the "you can never have received a bonus from us before"
Or if they do, just setup two small direct debits to a charity for £1/month each.
Was tempted by the RBS switch bonus £200 but their saving rates are pants for a flexible saver
Do I just need to switch from chase which I have a chuck of money in the saving account in to RBS using the switch?
Anything over 5k and your rate drops massively
Do I just need to switch from chase which I have a chuck of money in the saving account in to RBS using the switch?
Anything over 5k and your rate drops massively
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