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."

PLEASE NOTE: THE CO-OP OFFER IS NO LONGER AVAILABLE.

 

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  • £100 signup fee - and £100 if you choose to leave after six months*
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