By Fiona Callingham,Katy Hallam
Copyright birminghammail
A finance expert has disclosed how to secure a complimentary £200 cash before Christmas . Martin Lewis highlighted several switching incentives currently on offer from major banking institutions. Banks regularly roll out these promotions periodically as they compete for fresh clientele. Read more Martin Lewis says ‘worrying’ more people don’t have £82 document ‘more important than a will’ Nevertheless, it remains crucial to scrutinise the terms and conditions thoroughly to ensure there are no concealed charges such as monthly subscription costs. In a fresh update to his Money Saving Expert platform, Martin noted: “Free £200 in time for Christmas. “One way to help pay for the day is to grab a legal bribe to switch bank.”, reports the Mirror . “A flurry of new deals have just popped out, many that are top rated. Switching is usually easy and hassle-free.. “You must pass a not-too-harsh credit-check and use the banks’ seven-working-day switch service, which closes your old account, moves over your balance, standing orders and Direct Debits for you, and auto-forwards any payments made to it from then on.” Listed below are various switching incentives presently available from banking providers. Lloyds – complimentary £200. By transferring to a Club Lloyds account you can receive £200. Though there is a £5 monthly charge unless you deposit £2,000 each month. This account also provides a selection of 12 months of Disney+ or six cinema tickets. This offer is unavailable if you’ve claimed switching rewards from Lloyds , Halifax or Bank of Scotland since April 2020. First Direct – complimentary £175 Switching to First Direct’s 1st Account could land you a free £175. This account is fee-free, but requires a total deposit of £1,000 within 45 days. Additionally, this comes with a complimentary £25 Amazon voucher. However, this offer is not available if you’ve previously held a First Direct account or opened one with HSBC since January 2018. NatWest is also offering a free £175 with their Reward Current Account for those who switch. To qualify, you must deposit a total of £1,250 and log into the mobile app within 60 days. This deal is not available if you opened a NatWest current account before September 16 and it’s still open as of September 16, or if you’ve ever received switch cash from NatWest, RBS or Ulster Bank. The Co-op Bank Current Account offers a free £100 a month for those who switch and deposit £1,000 or more a month. If you continue to deposit £1,000 a month and meet other criteria, you can also receive an extra £25 a month. This offer is not available if you’ve received switch cash from Co-op Bank since November 1, 2022.
