Hurry before £200 Co-op current account deal ends
Two weeks ago the Co-operative Bank launched a fantastic offer. It offered £200 to anyone who opened a current account with it and made it their main account.
That's a staggeringly good deal when you consider that it is double what any other bank is offering as a switching incentive - a point that wasn't missed by thousands of us.
After unprecedented levels of demand the Co-op has pulled the offer from its website and phone lines. So if you want it now you'll need to head to a branch to apply.
And if you are planning to apply get to your local branch fast - Co-op has told Moneywise that the deal won't be around for much longer. "Stocks are limited so it is likely not to be around too much longer," says a spokesperson.
We expect the offer will disappear completely next week.
You can apply for a current account in any of the Co-operative Bank or Britannia branches around the country – most are open on Saturdays – so put it on your to do list for this weekend.
To get the £200 you need to open a current account and request a 'full switch' from another provider – this means switching all your direct debits and standing orders to the Co-operative Bank. Once you've done all that you need to credit your account with at least £800 for the first three months to receive the £200.
PLEASE NOTE: The Co-op £200 deal has now ended.
An account opened with a clearing bank (few building societies offer current accounts) that provides the ability to draw cash (usually via a debit card) or cheques from the account. Some pay fairly minimal rates of interest if the account is in credit. Most current accounts insist your monthly income (salary or pension) is paid directly in each month and they offer a number of optional services – such as overdrafts and charge cards – which are negotiable but will incur fees.