AVOID : Fineco Bank - £70 for opening account and making deposit

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bobcat2010

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At the moment Fineco Bank are running a promotion that when you deposit £1000 you get a £70 bonus using a refer a friend link. You need to sign up by 29/05/18 and deposit by 29/06/18. The account is also useful as you can choose a euro debit card (and you can exchange between £ to euro) for when you are travelling. I've received the bonus and have transferred the money straight out again no problem.

Bank website - https://finecobank.com/uk/

Link to begin application is https://finecobank.com/uk/apriconto/scelta-online-cp?cp=UK7486863

Use this link to apply for an account before 29/05/2018 and we will both get £70 when you open an account and make an initial deposit of £1000. You can withdraw the deposit immediately afterwards if you want.

Recommendation

They used to pay the bonus the day after you deposit however from feedback and asking Fineco it appears that everyone gets the bonus on a set date. Most people are hearing 22/05/18. You don't need to keep the deposit in the account to get the bonus so my recommendation is apply ASAP. Deposit when you have the money and withdraw straight away after (if you deposit in the AM in shows in the PM and takes one working day to come back again.)

You can't withdraw the money until you activate the online payment section of your account which you can't do until you get your card. It will act like you haven't got a card until you receive the card so don't worry about it saying about requesting a security code you just need the middle digits of your card when it arrives

When transferring to Fineco simply remove enough 0s at the start to make the account 8 digits long.

T&CS

https://finecobank.co.uk/uk/promo/mgm37/details.html

Make sure to use the Promo code or you don't get the free £70 -
UK7486863

PS don't forget to share you link after signing up!

Thank you
 
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bobcat2010

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Ends today. You need sign up by today and deposit by 20/04/18
 

pmekneb

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how long do you have to leave the grand in the account?
 

bobcat2010

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I left it in for one day. Deposited on one day. Got the bonus next day and removed the 1000£ and bonus together. There is no time limit for how long you have to have it in there though. My sister signed up and transferred the £1000 straight back out again same day and received the £70 bonus next day too :)
 
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slingboi

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That's pretty cool. Especially since you can take both out so quickly. Thanks for posting, I'll look into it too and also consider creating an account with them.

I've heard of one with Santander where you can get I think £100 but this one may still be better because they allow you to take out the money fairly soon. Not sure if that is the case with Santander though.
 

bobcat2010

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Ahh I’ve not heard of the Santander one. I also like with Fineco you can choose a currency card for free so I’ve got a euro one as I travel abroad a lot. Plus if you are so inclined Fineco also have a trading platform :)
 

slingboi

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Ahh I’ve not heard of the Santander one. I also like with Fineco you can choose a currency card for free so I’ve got a euro one as I travel abroad a lot. Plus if you are so inclined Fineco also have a trading platform :)
That's awesome, those are some pretty cool perks. Especially the currency cards for free, would definitely come in super handy :)
 

InItForTheMoney

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Sounds good, any idea about the credit checks they do?
I've been on a bit of a bank-tarting mission lately... I'm several hundred pounds richer but according to Experian my credit score could do with a rest!
 

bobcat2010

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From what I saw an identity check. You aren't given an overdraft or anything so I doubt it's too extensive! I did refer one of my friends and he has defaults on his record so they can't be too strict!
 

InItForTheMoney

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Thanks @bobcat2010 , signed up.
I selected the Euro card (as it'll be helpful for my holibobs) during my initial sign up.

Do I just sit tight and await this card, or do I have to request it via the 'Debit Cards' section of the account dashboard?

(In you OP you foolishly said to share our own codes once we got them... I don;t need to be told twice: https://finecobank.com/uk/apriconto/scelta-online-cp?cp=UK8867621)
 
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bobcat2010

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Thanks @bobcat2010 , signed up.
I selected the Euro card (as it'll be helpful for my holibobs) during my initial sign up.

Do I just sit tight and await this card, or do I have to request it via the 'Debit Cards' section of the account dashboard?

(In you OP you foolishly said to share our own codes once we got them... I don;t need to be told twice: https://finecobank.com/uk/apriconto/scelta-online-cp?cp=UK8867621)

Yes sit tight it will come in a few days. No need to transfer the money into the account yet either as you can't transfer it out till you have the card!

haha not foolish...there is plenty to go round! :)
 

bobcat2010

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Nice find.. Am wondering if it's restricted to one per household? Ie could my wife sign up too?

I've signed my entire family up who live in the same house. There's 6 of us so got an extra £420 :D
 

Stims

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I'll have a look at this later, but does seem promising. Never heard of Fineco before but they look to be a big company on the face.
 

mabozza

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Question.... Was signing up it asks for a tax identification number... Is that a foreign ish way for national insurance number? Also do I read right from a post further up you have to wait till you get a card before depositing grand as it can only be transferred out with the card?
 
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