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How Pocketly works

Pocketly checks real UK switching offers against your situation and tells you whether a switch is worth it, what you’d have to do and when you’d be paid. Sometimes the answer is “not now”.

The four steps

  1. Your situation

    Your bank, its Direct Debits, and the money you could move for a few days.

    No bank logins or account numbers, ever.

  2. A few answers

    Banks pay only new customers, so most questions are about your history with them.

    Only questions that could change the answer.

  3. The decision

    Switch, in which order, and what it’s worth after costs. Or don’t switch now, and why.

    Counted only when your answers confirm you qualify.

  4. Your plan

    Every step dated, with reminders, and a record you can use if a bank doesn’t pay.

    Planned to the safe end of every range.

Where your £1,250 goes

NatWest Select Account, planned for one example person (£1,250 to pay in). Every date and amount is from the planner.

  1. 1 of 5 Fri 6 Nov

    Ask NatWest for the switch

    Open the account and ask for a full switch: your Direct Debits and balance move over on the switch date, as with any switch. The bars count only the extra the offer asks you to pay in.

    Paid in, at NatWest£0
    Reward received£0

  2. 2 of 5 Tue 17 Nov

    Pay in £1,250

    From your own money: it counts once it lands.

    Paid in, at NatWest£1,250
    Reward received£0

  3. 3 of 5 Wed 18 Nov

    Move £1,250 back out

    Straight back to your own account: it was only passing through.

    Paid in, at NatWest£0
    Reward received£0

  4. 4 of 5 Wed 18 Nov to Thu 17 Dec

    Wait

    Nothing to do. NatWest checks you met its conditions.

    Paid in, at NatWest£0
    Reward received£0

  5. 5 of 5 Thu 17 Dec

    NatWest pays £200

    Yours to keep.

    Paid in, at NatWest£0
    Reward received£200

Do the quick checkSee the offers

What it does

  • Checks offers whose terms a person has reviewed. Every offer is a real bank’s, taken from its own terms.
  • Counts a reward only when your answers confirm you qualify, and takes off fees and the interest you’d give up.
  • Plans dates to the safe end of any range and never uses your safety buffer.
  • Keeps a record you can use if something goes wrong.

What it never does

  • Contact your bank, apply for you or move money.
  • Ask for bank logins, card numbers or account numbers.
  • Suggest setting up payments just to qualify, or dipping into your buffer.

About the information

Facts about the Current Account Switch Service are in our own words; see currentaccountswitch.co.uk. Offer conditions are paraphrased from each bank’s terms, with a link to them. Pocketly is free and isn’t paid by banks.