Is it any good? See my Should you ditch Santander ? Just wandering if the other banks offering switch incentives have a similar range of options?
You have to refer a friend who thensets up an account and deposits something into it. Yes, always check the terms and conditions before signing up to any offer. What happed to you Tracy? Had your uncle already had the account? HSBC have refused to pay out becuase I previously had an account with them in the last 3 years so beware! In the Summary box at top of this article under Other Offers it indicates that Bank of Scotland offer free magazines or cinema tickets in addition to the 1.
I think that needs correcting as I believe it is only Lloyds Club account offers those extra incentives.
Do they want you to leave after 6 months??? It does win lots of awards for customer service. They really should make it clearer. Your email address will not be published.
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Direct deposits must be set up and maintained for this account for at least three full months after the account is open. However, a bank may impose certain limits on one or more of its checking account offerings. Before you switch bank accounts: Find an account to switch to Decide if you want to keep your old account open Think of a date you want your account to switch by Find the right account Before the switch can start, you need another account to transfer your existing one to. People switch home loan lenders for a variety of reasons. Make sure the account you open is the right one for you. Banks and other financial institutions earn money from many sources.
I agree to receive email updates and promotions. Spread the love. Here are some quick links to help you jump through the deals. Switching deals You must switch and close your old account to get the headline bonuses listed below. You can just open a new account. Sarita on October 24, at pm. Andy Webb on October 20, at pm. TRacy duffy on September 7, at pm. Andy Webb on September 8, at pm.
Jo D on September 26, at am. Andy Webb on September 26, at pm. Packaged - Packaged accounts come with added extras such as travel insurance, breakdown cover, mobile phone insurance and other offers in return for a monthly fee.
Cashback - Cashback current accounts are simply bank accounts that reward you with cash - either for paying in a set amount of money each month or for paying your utility bills with the account. Student Accounts - To open a student account proof of student status is needed in the form of a letter of acceptance from your university or UCAS offer letter. These accounts can be found in our Standard page. But it also depends on what you want from a current account. If you find yourself running out of money each month on a regular basis, then you should find an account with the cheapest overdraft.
But be careful not to rely on your overdraft too much.
You will need to apply with a bank of your choice, have the correct documents to hand and have some money to deposit into the account in order to open it. Minimum deposits will vary between lenders. You will need identification, usually a passport or a drivers licence as well as proof of address, this will typically need to be at least two bills with your address and name on.
Two types of interest rates. One that you are paid in return for depositing your savings with a bank, the other is the rate you are charged for borrowing. AER — This is the rate you will be paid by your bank on your deposits. It stands for Annual Equivalent Rate, which means it is calculated under the assumption that any interest paid is combined with the original balance and the next interest payment will be based on the slightly higher account balance.
EAR — This is the rate of interest you will pay on money you owe to your bank ie your overdraft. It stands for Effective Annual Rate and reflects the effects of monthly compounding.
An overdraft is a borrowing facility attached to your current account. An authorised overdraft is when you have agreed with your bank to be able to spend more money than you have. Some current accounts offer this as standard, others you need to apply for like any other form of borrowing. Typically you will need to pay an interest rate or a daily fee. They will charge you fees and charge a higher rate of interest or a daily fee for doing this. Be careful not to confuse this with your overdraft limit, as you will typically only enjoy interest free borrowing for a smaller amount of your total overdraft limit.
If you find yourself regularly spending a little more than you have coming in each month, an authorised overdraft is a useful borrowing buffer to have. Unauthorised overdrafts should be avoided entirely. However, if your overdraft is not free you should be careful about relying on it too heavily as the interest charges and daily fees will soon add up.
This will likely work out cheaper. It is highly likely a current account that charges you an interest rate to use your overdraft will work out much cheaper than one that charges you a daily overdraft fee. However, it ultimately depends entirely on how big your overdraft is. You can use the card to clear your overdraft and then pay off the credit card balance over several months without paying any interest.
Compare money transfer credit cards here.
This is a separate flat fee that some accounts charge for access to the account. Normally only high-end accounts that will offer you exclusive perks or cashback will charge this fee. Bank accounts on this table are ranked by popularity, which we have judged according to how many clicks they got over the past 48 hours. Those with the most clicks are at the top of the table, and those with the least at the bottom.
However, the most popular account might not be the account for you.