Set up your Spare Current Account

Ready to make £1,135 from switching offers, whilst keeping your Main current account untouched?

This guide walks you through setting up a Spare current account, adding the right direct debits, and getting it ready for your first switch offer.

The best part? You only need to do this setup once and it takes less than 20 minutes. In return you can make £1,135 in profit!

After that, you then switch between switching offer banks i.e. switch from the 1st offer bank account to the 2nd offer bank account and so on. Nice!

Just follow the 4 simple steps below.

You have two options:

Option 1: Use an existing account (recommended / 1 min)

• This could be an old account or one you've set up from a Quidsy offer e.g. Monzo.
• Just check the bank is part of Current Account Switching Service (CASS) using the search on the CASS list. Note Revolut and Zopa are not part of CASS.

Or Option 2: Open a new current account (10 mins)

• The best new current account is one that makes you profit too! So complete the Monzo Offer guide then use it for switching offers.
• If Monzo is your Main account, then set up an account with Starling Bank. They are part of CASS and do not run sign up or switching offers, so you aren't missing out on anything!

Add £20 to your Spare current account e.g. transfer from your Main current account.

This will cover Steps 3 (Direct Debits) and Step 4 (make a small purchase).

Most switching offers need 2-3 Direct Debits in place before you switch. Here's how to sort this:

Option 1: Move existing small DDs (15 mins)

• Check the DDs you have in your Main account. Login to the provider e.g. electricity provider, and change the details to your Spare account.
• If you choose this option, rather than adding £20 (step 2) you will need enough to cover the next payment of each DD.
• Note you will need to wait until each DD is paid once until commencing your switch.

Or Option 2: Create new 3 x £2 DDs (5 mins)

• Set up 3 x £1 DDs. You can do this on Charity websites (min £2) and it goes to a good cause of your choice too. There are many charities but here are a few options:
• MacMillan
• British Red Cross
• NSPCC
• This will be a total £6 donation but you'll make at least £150 from your first offer.
• Set the date to be as early as possible. Once payment is taken from each, you can switch.

If you have never used your bank card before, it is best to make 1 transaction so it's activated.

You can just buy a £5 Amazon gift card and use it next time you use Amazon.

Alternatively, use a few pounds of the £20 you added (step 2) next time you go shopping.

Head back to Your Offers and select your first switching offer.

£1,135 profit is waiting for you — crack on!