Co-op to offer £200 to current account switchers

Published by Ruth Jackson on 19 October 2011.
Last updated on 02 November 2011

Wad of £20's held in hand

The Co-operative Bank has announced that new customers who switch to its current account will receive £200 - double the incentive offered by two other banks.

The offer is available to any new or existing current account customer who requests a 'full switch' from another provider. This means switching all your direct debits and standing orders to the Co-operative Bank.

Once you've completed the switch you have to credit your account with at least £800 for the first three months to receive the £200.

First Direct and Santander also offer switching incentives, but you would only get £100 to switch to one of their current accounts.

Commenting on the move, Rod Bulmer, managing director of retail at the Co-op, says: "Customers may be disillusioned with their current provider and we want to have the opportunity to prove that there are genuine alternatives to the big five banks."



first direct 1st Account

  • £100 signup fee - and £100 if you choose to leave after six months*
  • First £250 overdraft is interest and fee free
  • Multi award winning customer service


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