I'm a year and half into this and have made two grand. So has my wife and her mum also. So if you're on the fence about doing this, just start. The banks will happily rob you blind so take something back. It's your money, go get it.

@rohanofelvenpower5566

4 ай бұрын

yes, its not a lot of money but if you have relatives that are not techy you can do it for them too and take a share or anyway its free money for the family/clan

@sheriff8530

4 ай бұрын

@@rohanofelvenpower55662 grand is a lot of money tbf, that’s an all inclusive to Marbella for 2 🤣

@4ndy123

3 ай бұрын

Take a share? 😅

What bewilders me is that credit reports do not refer to your savings! One could have a moderate c.r. yet have good savings.

Lovely thanks for this 👍

Used to work at metro bank around 7 years ago - they never would run any switching incentive and so far stuck to that.

I do LLoyds simply because I can open it in the app. I get the card and code within the week and it doesn't affect my easy savers or my club account. Ot at least hasn't so far.

Hi Andy. Thanks for your content, always really helpful. One question...how long after creating a Chase dummy account (extra current account with sort code and account n.o) should I wait until I take advantage of a switch deal...lets say the new one NatWest has announced.

🎉Bank Man is Good Man❤

If you switch from chase with the second account and input the card number - does it affect using the card on your main chase account and the 1% Cashback feature? Thanks

Hello Andy, Just curious, is there anything that Starling Offers that Chase does not offer? Just wondering why you chose them over Chase.

Basic bank accounts do not allow more than one current account. It's in the terms. A clause says that if the customer has access to another current account they will close this one, or words to that effect. Clause 12.2 in the Natwest current account terms.

Hi, Andy. Do you know chase uk doesn’t report to credit agencies? Monzo does.

I’m sure Chase don’t let you join back… that’s what they told me.

Do you have tips for doing debit card spending without actually spending anything?

dont yo have to have money in the account in order to switch and/or any direct debit or couple of transactions?

So if I set up a dummy current acct it will need to have 2 or 3 S/O's those will need funding either from my existing current account or directly from another source. That's just one switch seems time consuming there on, to keep track of this tangled web as not willing to ditch existing current account......or am I over thinking this in your opinion...?

I’ve never been this early 💀

I genuinely would like to but I don’t know how or what I’d even need to do, what do I do with the direct debits? I feel like it would be very confusing getting all the details to tell the new bank of all the things you’re paying, how do you transfer the money to the new bank? What about savings accounts? How does that work if you’ve got a current account as well as a savings account with the same bank?

@adrian19831983

4 ай бұрын

Direct Debits and available cash gets moved automatically.

@4ndy123

3 ай бұрын

Open dumny account. Don't close long standing accounts you already have.

i am a not an UK citizen ,a skilled visa holder , what options do i have to get banking benefits without affecting my credit score

monzo is amazing

@4ndy123

3 ай бұрын

Slightly prefer starling personally.

@markflatters9819

3 ай бұрын

Yes Starling is better in most areas,better overdraft rate(s), less restrictive particularly when abroad.

@TheWealthUniversityOfficial

3 ай бұрын

@@markflatters9819 why u starling for an overdraft just use a credit card ZERO INTEREST FOR 30 days! With every bank it’s daily interest 9% is not good or 50% it’s not good. Overdraft is only good for taking money out for a few hours then putting it back in a few hours later.

CAN I OPEN TWO CURRENT ACCOUNT IN Llyods bank and switch one account from llyods to other bank?

@jayaramsuresh7909

2 ай бұрын

yes

Can i use revolut account for switch

@seant6731

2 ай бұрын

He said no at the beginning of the video. You cannot switch from Revolute.

Is it a good idea to only have 1 switch in progress at one time?

Any guesses which bank will be the next to offer up a switch incentive with TSB ending this week?

@ele7z

4 ай бұрын

NatWest/RBS

@esmeecampbell7396

4 ай бұрын

My guess is maybe Santander or HSBC in March because they haven't done them for a while but seem to quite often. First Direct switching was usually followed by a switch offer the month after it ended by HSBC for 2021 and 2022 and 2023 It could be anyone though, I got caught out by Barclays doing a switch recently and I'd used them for a burner the month before (because they hadn't done a switching deal in years before their recent offer) and thus they wouldn't accept me back again when I'd literally just switched from them the week before. 😢

Are you guys on Spotify?

@BeCleverWithYourCash

4 ай бұрын

Yep, search for Cash Chats podcast

I thought you had to have 2 direct debits and X amount of money paid in each month 🤔

@MylesHSG

2 ай бұрын

Depends on the deal. Last year RBS, NatWest and HSBC just needed a switch and then 1500 paid in to the account

I'm 30 now been with Halifax since I was 16. Does this mean I can just never close this bank account if I don't want the sudden drop in my credit score? I was just going to use this to switch as Halifax has no decent incentive to stay but might have to go with Chase now for all the current accounts 😂

@Chris-zx1ez

4 ай бұрын

Okay don't worry I just watched up to 9:50 where you say you can open more accounts within the same bank as dummy accounts 😆

@4ndy123

3 ай бұрын

Def don't close your long standing account.

@cippycippenham844

Ай бұрын

Open 2nd account with Halifax and use that to switch

I've looked at this twice and still havre no idea how to actually go about doing this in detail. Totally confusing

@tkryx1252

Ай бұрын

You're easily confused. Open an account, switch it to another bank for money

@adriancoleman1120

Ай бұрын

@@tkryx1252 'in detail' you buffoon