Banks pay £175 bribe to switch ac­counts

Sunday Mirror (Northern Ireland) - - Watts The Goss -

A bank will now bribe you £175 to switch to it.

It’s the big­gest up­front free cash switch­ing bribe for a while.

Cus­tomers switch­ing to hsbc.co.uk’s Ad­vance ac­count, get £175 in 30 days, and it has a linked five per cent reg­u­lar sav­ings ac­count. It’s a bribe but it’s a le­gal one, so why not grab it?

You’ll need to use its switch­ing ser­vice, have at least two ac­tive direct deb­its and pay in £1,750+ a month. Ef­fec­tively it’s a way of say­ing pay a salary of £26,000 a year in.

While natwest.com also pays £175, it’s split. You get £125 up­front and an­other £50 if you stick with it a year. Its top offer is the Re­ward ac­count where you pay £2 a month and you get two per cent cash­back on house­hold bills, worth an­other £60 – £100 even af­ter the fee. The min­i­mum pay in here is £1,500 a month.

There are many other op­tions though. For a full run­down see my mse.me/ top­banks.

Re­mem­ber, switch­ing ac­counts is easy. Within seven days your old one is closed, direct deb­its and stand­ing or­ders are trans­ferred and payments to your old ac­count are auto-for­warded to your new one.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.