Help Build The BeermoneyUK Bank "Don't Switch" Bonus Bible

This is a working draft of a post, with a call to action. Some may remember a similar call around this time last year.

Please help complete the Beermoneyuk Bank "Don't Switch" Bonus Bible with all of your tips and tricks for making the most of the Bank Rewards that are designed to make you stick with your current bank.

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Reason for this post

We all love a bribe from the bank. And a little over a year ago u/nothingbutpeas made a helpful PSA highlighting how good these beermoney opportunities are.

At the time, we figured a guide post on the best bank bribe offers, best ways to get mulitple switch bribes if there are time limits, best direct debits to set up, any any other tips, might be a handy resource. That turned into the Bankedex.

Next up, I was thinking we could do a Bank Reward Bible. The ultimate guide on how to collect ongoing rewards from the banks.

Collecting all such bonuses is going to require a bit of effort. Still I think

This is the start of it

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Not a bank, but an e-money account. But has the best cashback rate of a debit card.

Algbra

What you get it you stay:

• 1.5% cashback on debit card spend via mobile waller (Google/Apple Pay)

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Chase

What you get it you stay:

• 1% cashback on debit card spend

Also 1% interest in current account and access to 4.1% instant access savings.

Cost: Free

Value: £15/month (w/ £1.5k spend)

Requirements:

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Club Lloyds

What you get it you stay:

• Free Disney Plus, or

• 6 recliner Odeon cinema tickets/year, or

• Magazine subscription (just join the library and get Libby), or

• Annual Coffee Club & Gourmet Society membership

Cost: Free if paying in £2000+/month (£3 otherwise)

Value: ~£80/year (based on Disney+ subscription)

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Co-op (Everyday Rewards - probably not worth the effort)

Not worth the effort, but worth keeping this account to refer your friends.

What you get it you stay:

• Cash rewards

• Ability to refer friends for £125 a time

Cost: Free

Value: £2.20/month (w/ £1.5k spend) | £125 per friend referred

• First £1 Reward: Pay in £800, stay in credit or within overdraft limit, log in to mobile banking, opt in for paperless, and pay out four direct debits.

• Next £1.20 Reward: Make 60 debit card transactions.

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Kroo

Highest interest on a current, plus refer a friend offer.

What you get it you stay:

• 4.35% interest on current account balance.

• Ability to refer friends for £5 a time

Cost: Free

Value: Depends on your balance.

Monzo

Free overseas spending Refer-a-friend offer: Yes

Santander Edge:

1% cashback on select direct debits, and supermarket/fuel/travel spend Cost: £3/month

TSB

Refer-a-friend offer: No

Halifax

£5/month on multiple accounts

RBS Rewards

Natwest Rewards

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General Bank Reward Questions

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Can I have more than one XXXXX account?

Depends. See table:

|Bank/App|Account|# Accounts Permitted| :--|:--|:--| |Algbra|e-money account|1| |Chase|Current Account|1 (for rewards)| |Lloyds Bank|Club Lloyds|1| |Co-op|Co-op Current Account (w/Everyday Rewards)|1 (I think)| |Halifax|Reward Current Account|3| |Kroo|Current Account|1| |Monzo|Current Account|1| |NatWest|Reward Current Account|2 (1 solo and 1 joint)| |RBS|Reward Current Account|2 (1 solo and 1 joint)| |Santander|Edge Account|2| |TSB|Spend and Save|2 (1 solo and 1 joint)|