Get £100 when you open and switch to a new Preferred Overdraft Rate Bank Account.(See note below.)
To qualify for the £100, simply:
o Apply by the 8 November 2009;
o switch using the Account Transfer Service;
o transfer all direct debits from your previous account; and
o pay at least £1,000 into your new bank account within 11 weeks of opening it.
We will then pay the £100 into your new bank account within three months of the account being opened.
You must be over 18.
This offer isn’t available if you already hold one of our bank accounts or an Alliance & Leicester, Cahoot or Cater Allen current account, or have held one in the last three months.
This offer is only available until 8 November 2009 and only open to you if we have accepted you for a Preferred Overdraft Rate Account.
Note: Bank account: £100 will only be paid once, there is a limit of one Preferred Overdraft Rate Account per customer (this includes joint account holders). You cannot switch to a different Abbey bank account for six months after you open the account. You must be living in the UK for tax purposes. (The offer does not apply if you live in the Channel Islands or Isle of Man.)
Whether you can open an account or have an Advance Overdraft depends on your circumstances.
Why choose an Abbey Preferred Overdraft Bank Account?
If you tend to use your overdraft, the Preferred Overdraft Rate Bank Account gives you an interest-free overdraft for the first 12 months. To benefit from these great rates you will have to switch accounts using our Account Transfer Service and pay at least £1000 into your account each month
What benefits will I receive if I switch compared to not switching?
Customers who switch
Customers who do not switch
Abbey – Preferred
Overdraft Rate Account Rates for the first 12 months
0% EAR for the first 12 months, then
typical 12.9% EAR (variable)
£100 cashback (conditions apply)
Typical 12.9% (variable)
Abbey – Preferred
Overdraft Rate Account Rates after 12 months
To qualify for the rates above you will need to pay in at least £1,000 a month.
If you do not pay in at least £1000 a month, the Advance Overdraft rate on the Preferred Overdraft Rate Bank Account increases to a typical 19.9% EAR (variable).
Note 1. EAR stands for Effective Annual rate and represents the yearly cost of an overdraft, which takes into account how often we charge interest to the account and does not include any other fees or charges.
You need to fill in the online application form from the ‘apply now’ link. This should take about 10 minutes.
We recommend that you add ‘customerservices@abbey.com’ to your email contacts. This should help prevent our emails to you being filtered out by your internet service provider.
What we do
We aim to process your application and send you an email within three working days. (Please remember to allow for weekends and bank holidays.)
The email will either be a welcome email confirming whether we can offer you a bank account, or to ask you to provide some ID before we can continue with your application. Click here to find out why we need to see this information.
Once your account is open, we will send you a welcome email and, within seven to 10 working days, post your eBanking log-in details and new card to the address you provided.