£220 probably isn't worth it, for the amount of buggering about changing banks causes, with all direct debits, standing orders, online banking, online shopping etc needing updating
United Kingdom
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
It's straight forward if you use the current account switch service, we've just done it to move banks.
I guess you could keep a dormant current account open that you don't use or use sparingly and use that to switch to a new account to get the reward. Probably does a number on your credit score if you do it quite frequently and it's something you care about.
Direct debits should be switched automatically, but yeah agree about having to change it everywhere else
You shouldn't be saving with high street banks anyway. Use one of the aggregator sites that uses open banking to let you open savings accounts with most providers so you can move it around easily.
I use Hargreaves Landsdown, have both a cash ISA and standard savings acct with them. (From before they did cash ISAs)