The Co-Operative Bank Switch

https://www.co-operativebank.co.uk/...
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Get £75 for switching and a further £25/month for 3 months for actively using your account, totalling £150. This is a great deal but there are more requirements than most switch incentives, so consider completing others first.

£150

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Summary

The Co-operative Bank is offering a cool £150 for switching to a selected Current Account.

As usual, always double-check the eligibility and criteria on the bank's official website before proceeding.

Step By Step Guide

Step 1:

Check your eligibility

  • You must not have had a switch incentive from the Co-Operative since 1 November 2022.
  • There are multiple ways to have an eligible account:
    • switch as part of an application for a new Standard Current Account within the offer period
    • apply for a new Standard Current Account or Everyday Extra account within the offer period, and request a switch within 2 weeks of your account opening
    • switch a current account held with a different bank to an existing Co-operative Bank account (includes the Standard Current Account, Privilege, Privilege Premier, Current Account Plus or Everyday Extra account) during the offer period.

Step 2:

Meet the criteria

This Co-Operative bank switch incentive has two parts.

  • To get the £75 switch incentive, within 30 days after your switch completes you must:
    • Deposit £1000 or more.
    • Have two or more active direct debits.
    • Make 10 or more digital wallet transactions (careful, pending transactions don't count).
    • register for online banking or the mobile app
    • Set up the debit card in a digital wallet (Apple Pay, Samsung Wallet or Google Pay).
  • To get the £25/month incentive for the 3 months after you receive your initial £75, you must:
    • Deposit £1000+ each month.
    • Make 10+ card or digital wallet transactio(careful, pending transactions don't count).
    • Have two or more active direct debits.
    • The first month starts the day after you receive your initial £75 and the month periods run to (but not including) the same date the following month (e.g. 15th December to 14th January).

Step 3:

Receive your £150

  • The initial £75 should be received within 7 days of meeting all of the criteria.
  • Each £25 per month bonus should be received within 7 days of the end of each qualifying month.

FAQs

What are the downsides of this bank switch offer?
Switching banks frequently can impact your credit score. Each new account comes with a credit check, and frequent switching could make lenders think you’re a bit less stable. It’s worth knowing, just so there are no surprises down the line when you’re applying for credit.

Still have questions?

Please e-mail us at info@verifiedhustles.com, or use the comments section below.

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