The 32-year-old from Lancaster told Express.co.uk it was a great way to build up a savings pot and she had ‘never had a hitch’. However, she shared a tip to make the process of changing banks go smoothly.
To date, Verena has earned £1,025 – plus a box of wine – not bad for around an hour’s work in total.
She has never had any problems and says everyone should give it a try.
Verena added, “The switching process has always been smooth for me, I haven’t encountered any issues.
“All the money was invested in savings, it’s a great way to accumulate savings quickly.”
Although she understands some people hesitancy when it comes to change, she has a great tip to help people overcome this.
Verena advised: “You don’t have to change your primary current account if you don’t want to.
“You can have as many different checking accounts as you want, so you can always open a second checking account to use as a ‘change’ account.
“Just make sure you meet the criteria for any offers you switch – usually a certain number of direct debits set up and/or a certain amount of money paid out each month.
“Also keep an eye on your credit score, as opening new accounts has a temporary impact.”
Despite the simplicity of the process of switching banks, more than a third (35 percent) of people stayed with the same bank account they had when they were kids. Kevin Mountford, savings expert and co-founder of UK said when it comes to bank accounts, it pays to be disloyal.
He said: “If you change your bank account, you will see that loyalty often does not pay. In fact, it’s the opposite!
“Banks want to attract new customers, so naturally new entrants are likely to get the best deals.
“While you may be tempted to keep your account for life, often because you don’t want to have to search for a new account, researching new banking opportunities will give you much better long-term returns.”
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