Wiki: Current Account Switching Incentives 💸

CYBG bought Virgin Money and then rebranded Yorkshire and Clydesdale Bank as Virgin Money.

They have a million different systems for different accounts as they haven’t really merged much together yet (who knows if they will if the Nationwide deal goes ahead).

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Not exactly a switch offer, more of an account opening offer. If you have ÂŁ50k and want free ÂŁ300, HSBC Expat has an offer for you.

To qualify for the cashback offer:

  • Open an HSBC Expat Bank Account
  • Deposit GBP ÂŁ50,000 (or currency equivalent)
  • Register for Digital Banking
  • Activate your Global Money Account
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As I suspected. I probably am best off not applying then.

You could switch a Nationwide account to them :thinking:

Even weirder you can switch from an existing Virgin account!

Fully switch an existing current account from another provider (this includes a Virgin Money Current Account (opened with Northern Rock), and the Virgin Money Essential Current Account), using the Current Account Switch Service,

I was briefly with Virgin Money (after they got bought) and didn’t have any issues apart from the saving account not closing when the current account was switched out (the terms said this was meant to happen, and support agreed). Don’t really see the harm in switching to them and just leaving a grand in there for a year. Can’t imagine much going wrong.

:eyes:

Snag is that you’re really only getting £50 or so vs the usual £200 (as you could get £50 on that £1000 elsewhere).

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Initially I thought “WOW, that’s a pretty great offer from them!” then did some quick math’s and it doesn’t seem worth it. Especially as Virgin is my current donor account for when I next do a switch offer. Missed the last lot due to a combination of slothfulness and poor planning! :sob: :joy:

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My choice at the moment is between £50 from Virgin and £200 from Danske. And the Danske one only needs £1000 in and out, no DDs. Sometimes it’s handy to live in NI :rofl:

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It looks like the First Direct switch offer is back

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First Direct ÂŁ175 switch terms and conditions May 2024

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So anyone with an FD account since 2018 isn’t eligible

Incorrect. Anyone with a first direct product ever isn’t eligible. Anyone with a HSBC account since 2018 isn’t eligible.

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You suggesting I rent out my address for half the switching bonus? :grin:

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As much as I’d love a hand in getting hold of some of the NI cards, I think the fraud departments might take a dim view!

I have Ulster, and could get AIB with a trip to Belfast, but I’d need an address in one of the six counties for Bank of Ireland and Danske.

Going by my experience you’d need more than that for Danske. Application in over a week ago and I’ve yet to receive any login details. Strangely, even though I ticked the ‘switch an account’ button, they have yet to ask for details of the account or indeed what bank it is.

So NI address plus lots of patience :rofl:

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Santander has relaunched their switch offer

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Anyone named on the Santander account has previously received an incentive payment to switch to a Santander current account.

:-1: Booo, they have First Direct’d us

Some still get lucky with fd.