£100 for free? No thanks.......

by Ed Bowsher on 22 May 2009  |  13 comments
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Alliance & Leicester's offer of £100 to open a current account is due to end next Thursday.

If you open an Alliance & Leicester Premier Current Account before next Thursday, you'll get £100 as a sign-up bonus. Not only that, you'll also get free European travel insurance worth up to £60. 

The offer sounds great when you first hear about it, but I won't be opening an account myself. I've just too heard too many complaints about customer service at A & L. I can't face transferring my current account if the process is going to be problematic. Of course, £100 is attractive, but I don't think this is 'money for nothing.' I fear it's 'money for lots of hassle.'

What's more, I suspect that the £100 deal may come back in a month or two. A&L offered an £100 deal earlier this year which ended on April 2nd. Then in May, the deal came back and it's now due to end on May 28th. I wouldn't be at all surprised if the offer came back in July or August. So I don't think there's any great need to rush. If I change my mind and decide I really do need the £100, I'll probably get another chance later.

So that's why I'm steering clear.  But if the £100 offer is just too tempting, you could find out more in this love it or loathe it video.

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