Martin Lewis reveals how to bag up to £190 in free cash – just for switching your bank!
Top Banks Dishing Out Big Cash Bonuses
Money Saving Expert Martin Lewis has spotlighted a cracking chance to earn up to £190 when switching your bank account. Barclays, TSB, and The Co-operative Bank are rolling out major switch bonuses to lure new customers. Lloyds and Nationwide have run similar deals recently, making now the perfect time to jump ship and boost your cash.
How to Pocket Up to £190 by Changing Banks
Here’s the lowdown on the hottest switch deals live right now:
1. Barclays – Score a Whopping £175
- Open a sole account (joint accounts won’t cut it) using their app.
- Switch in from another bank, transferring at least two Direct Debits.
- Join Barclays’ Blue Rewards (£5/month), bank at least £800 monthly, and register for online banking.
- Work the £800 deposit by August 30, 2024.
Complete these steps, and £175 lands in your account within 28 days. Just note: existing or recently closed Barclays accounts, or previous switch bonus winners, can’t claim. Plus, there are cool extras like a free Apple TV+ subscription, Major League Soccer streaming, and a juicy 5.12% interest saver on up to £5,000.
2. TSB – Grab Up to £190
- Open your account online, by app, or in a branch.
- Switch from another bank within 21 days.
- Use your debit card at least 5 times and log into the app by September 27.
You’ll get a £100 bonus between October 15-25. But here’s the kicker: no repeat bonuses if you’ve switched since October 2022.
Want the extra £90? Use your debit card 20 times each month for six months. Hit 20 card payments in March 2025, and you could score extra rewards like six Odeon tickets or a six-month Now Entertainment pass!
3. The Co-operative Bank – Up to £160 in Your Pocket
- Open an account online and request a switch within 10 days.
- Complete the switch within six weeks.
- Within 30 days, deposit £1,000, set up two Direct Debits or standing orders, and use your debit card at least 5 times.
Score £100 within 40 days of switching. Then, earn an extra £10 a month for six months by keeping your Direct Debits active and using your card. Note: no bonuses if you’ve claimed since November 2022.
Make Your Move and Cash In!
Switching your account couldn’t be simpler—and with offers like these, why wouldn’t you? Head to Barclays, TSB, or The Co-operative Bank online for full details and to claim your bonus.
More Money Hacks and Banking News
- Barclays, Halifax, Lloyds, and NatWest are closing bank branches this month.
- Nationwide set to hand out a free £100 bonus to millions.
- Martin Lewis weighs in: are Premium Bonds really worth it?
