The Offer and Eligibility
1. We will pay the sum of £100 to an Eligible Customer who meets the offer criteria and eligibility in Section A, on or after the 15/07/2024 until this offer is withdrawn. In section A of these terms an ‘Eligible Customer’ means any applicant who:
1.1 Requests to switch into an Everyday Extra Account during the offer period, through either of the following methods:
a) Request to a full switch an account held with another provider into an existing Everyday Extra Current Account, or;
b) Apply for, or upgrade to, an Everyday Extra Account during the offer period and request a full switch within 10 days following Everyday Extra account opening. (Please note your account will open as a standard account and upgrade to an Everyday Extra)
1.2 Within six weeks of the switch request, completes a full switch into an Everyday Extra Current Account using the Current Account Switch Service (including closure of the old account and moving all payment instructions to the new account on the day the switch completes), and;
1.3 In the 30 days following the switch completion date:
a) has deposited at least £1,000 into the qualifying Everyday Extra Current account by one or more deposits (this includes any balances transferred as part of the switch).
b) has at least 2 active direct debits or standing orders in place on the qualifying Everyday Extra Current account (this includes any that are transferred as part of the switch).
c) has made a minimum of 5 debit card transactions (pending transactions will not count towards the total) from the qualifying Everyday Extra Current account (this includes any digital wallet transactions); and
d) has registered for online banking.
1.4 Has not already requested to switch into an Everyday Extra Current Account, or requested to switch into an account already held with The Co-operative Bank, since 01/11/2022.
Has not previously benefitted from this, or any previous Co-operative Bank current account switch offers since 01/11/2022. This does not include customers who claimed a fee for referring a friend as part of the Refer A Friend campaigns.
Payment of Section A of the Switch Incentive
2. If you meet the terms and conditions set out in Section A, and qualify for the £100 Switch Incentive, we will credit £100 to the Everyday Extra Current Account within 40 days of your switch completing. The transaction will be labelled as ‘Credit’ in your account. In addition to meeting the criteria in section A;
2.1 Your current account must be open at the time the incentive is paid to be eligible to receive payment;
2.2 You are entitled to only one incentive payment, even if you switch more than one account to us;
2.3 The maximum amount of benefit under section A of this offer is £100. This means that if the current account that you switch to is in joint names, we will only credit the account with £100, not £100 for each person named on the account;
2.4 This offer cannot be used in conjunction with any other switching offer with The Co-operative Bank.
