This might sound a bit daft but I've been with my bank since I was 16. Nearly 20 years have passed and not once have they bought me flowers.
So what has your experience been with switching and is there a good season to do it? And are there any banks I should absolutely avoid because they'll muck me about or otherwise have awful IT?
At the moment the best offers seems to be:
- 1% cashback with Santander on council tax, water and supermarkets but with a £3 a month fee
- TSB offer £100, then £15 cashback each month for 6 months followed by a 6 cinema tickets over 3 months if I stick around until April.
Which seem a bit shit. My main hesitation though is that my bank just works, no perks but no charges or monkey business. I've never had any issues with them and the switching offers have never really seemed worth it if I'm risking a nightmare account service.
I used the current account switching service last year. It was completely seamless, apart from having to update my saved card details on various websites.
If you're not that tempted by any of the offers, I'd suggest going with Chase - they have a very good cashback scheme, along with the highest customer service rating of any bank.
Switching your current account will have a minor short-term impact on your credit rating, so you might want to put it off if you're planning on applying for a mortgage or large loan in the next year.
I've taken the banks for roughly £750, maybe a grand, by switching two dummy accounts I opened with my main bank around the houses over the past couple years. Two direct debits and some spare cash is all you need generally.
You just missed the boat with Barclays who offered £175. I hit Santander before that for similar and 7% on £4k.
This is the page you wanna check on a monthly basis to extract a day's wages from 10 minutes of form filling. Most major banks offer switching cash on a rotating basis.
>>9882 >I've taken the banks for roughly £750, maybe a grand, by switching two dummy accounts I opened with my main bank around the houses over the past couple years.
A grand but it fucks up your credit record. Good work...
