Switching Current Account

[pudds]

Ulster bank will give me €150 if I switch my account from EBS to them.
Before doing this can I open a 2nd EBS account as I want to stay with them for a couple of reason's.

I've checked out the T & C's of the Ulster Bank a/c and they suit me fine.

If yes will I have to explain why I want a second account and when they see my original account being switched later could this cause any hassle for me.

 

[DELLBOY 08]

Before doing this can I open a 2nd EBS account

I'm no expert but I doubt very much that you can open a 2nd Current Account within the same EBS branch. A Current Account is classed as a persons "Main Account" and as part of the T & C's the holder usually has to pay their salary into the account each month.

Ulster bank will give me €150 if I switch my account from EBS to them

As part of the T & C's the account holder has to pay their salary into the account each month for a minimum period of 18 months. If this is not carried out Ulster Bank will debit your account €150. You may already know this but I just thought I'd point it out anyway.

 

[pudds]

I'm aware of the 18mth but it sounds good to me, €150

My EBS which is not a bank, and does not have "current accounts" but do have savings accounts and I have there basic a/c called Instant access" but can pay my bills through direct debit and no charges. Details:

Instant Access - minimum balance €1

Our Instant Access account allows you to save while having instant access to your money.

Features

• No fees or charges
• Funds available on demand
• Minimum balance €1
• Tiered interest rates - higher balances earn higher rates
• Pay your EBS mortgage from this account
• Choice of passbook or ATM card

Ulster Bank said they could switch this to them and I'd get the €150 (assistant manager) just wondering is he pulling a fast one on me, just to tell me later that my EBS is not accepted as a "current account" he was very anxious to nab me, but I made no final decision till tomorrow.

 

[gipimann]

Why would you close the original EBS account? Just leave some money in it if you want to keep an account with them.

That's what I did when I switched to Halifax last year - so if the demutualisation train ever reaches the EBS station, I'll be there, account book in hand!!

 

[pudds]

Why would you close the original EBS account? Just leave some money in it if you want to keep an account with them.

That's what I did when I switched to Halifax last year - so if the demutualisation train ever reaches the EBS station, I'll be there, account book in hand!!

sorry I just assumed that everything switched including any cash balance, and a/c closed,

that's brilliant thanks for that.