Some articles on the blog contain affiliate links, which provide a small commission to help fund the blog. Read more here. Since seven-day switching was introduced in the banks have been offering free cash, high interest and other extras to get you to move to them. Here are the best current deals. In Natwest offered a switching bonus on three occasions, and it returned for a month in January
Switch your bank account to us
The service works with 47 participating banks and building societies and helps individuals, small businesses and charities move to an alternative current account provider — so making a switch is easier than ever. After doing all this, you should qualify for the bonus. This is paid in two instalments: You should also bear in mind that HSBC has taken this switching offer on and off the market several times already this year — in June, it was only available for around a month.
While no closing date has been announced this time, you still may need to get in quickly to take advantage. We wrote about how these cuts will affect you earlier this year. To maximise your cash, you could go for a high interest current account. If you tend to use your current account for every day spending, you could try a cashback account that rewards you for shopping.
If you want a fee-free account, or you have a bad credit history, a basic bank account could be your best bet. Money Banking. Share on Facebook Share on Twitter Share by email.
You use the Current Account Switch Service, close your old account held elsewhere and switch into one of the following accounts:. You are not eligible for the offer if you have previously received any other offer or benefits for switching to a Halifax bank account at any point since January Payments - Any payments made to your old account will automatically be redirected to your new account. We'll also contact the sender with your new account details. What if something goes wrong? We'll refund any interest paid or lost or charges made on either your old or new current account.
The offer is available until 15 June as long as customers switch their main bank account on NatWest online via the Current Account Switch Service.
Looking for a bank account with a better overdraft rate, higher interest, cashback or other benefits? We compare current accounts from 7 banks, including high street banks and new challenger banks. Standard — These are the most straightforward current accounts, giving you a debit card, cheque book and online banking to manage your money. Packaged - Packaged accounts come with added extras such as travel insurance, breakdown cover, mobile phone insurance and other offers in return for a monthly fee. Cashback - Cashback current accounts are simply bank accounts that reward you with cash - either for paying in a set amount of money each month or for paying your utility bills with the account.
What does switching my current account mean?
The battle to attract current account customers has heated up, with banks launching new perks and benefits to lure you in - here's what's available. Banks and building societies have kicked off the new year with a host of perks and benefits available for a limited time only. The rewards follow a spate of banking letdowns over the past year led by TSB's IT failures that left 1. Combined with apps crashing on payday and others being fined for mis-managing people's money, it's left millions thinking whether it's time to take their custom elsewhere. So where to join? We've run through the best bank accounts here - but don't forget there are some that will actually pay you to join them.
M&S Current Account
Best Current Account switching offers & incentives
Financial criteria and other terms and conditions apply. This includes retaining four active Direct Debits. And that's not all. At account opening subject to status. Overdraft interest is charged at Our Visa debit card can be used at over 38 million locations in over countries and it comes with contactless technology built in.
NatWest launches £100 current account switch deal
Banking Author: Leanne Macardle Updated: You may think switching would be too much of a hassle, but thanks to the Current Account Switch Service, it's easier than ever to change your bank account. What's more, it's completely free. Banks involved in the scheme have pledged to complete the switching process in seven days or fewer, and as an added guarantee they'll even refund you any charges or lost interest incurred should things go wrong. This all means that there's no reason to stick with a bank you're unhappy with. If you're looking for an account that offers extra services, cash incentives or simply a better interest rate, then now's the time to get searching, and we want to help make the process as stress-free as possible. So, here's a quick guide on how to switch so you can reap the rewards that a new current account could bring. First of all, you need to take some time to research the market before committing to a new account as there are plenty of options to choose from. Comparisons are key. Once you've found a suitable account and have checked that the bank is part of the scheme those participating will display the Current Account Switch Guarantee Trustmark , you can get things underway. All you need to do is let the new bank know your intention to switch, provide them with proof of your identity most will do this electronically, or you may need to supply some documents such as a utility bill, bank statement, passport, driving licence etc.
Switching your current account to us is now faster and more convenient than ever. Use the Current Account Switch Service to transfer your salary, Direct Debits, standing orders and close your old account all in seven working days. You can even choose the day you want the switch to complete. Alternatively, call us on 02 52 93 open Mon-Fri 8am-8pm and Sat 9am-4pm or make an appointment at your local branch. We have designed the Current Account Switch Service to let you switch your current account from one bank or building society to another in a simple, reliable and stress-free way. It will only take seven working days. As your new current-account provider we offer the following guarantee. Read the account switching guide PDF. With the Current Account Switch Service you can choose a switch date to suit you. Just make sure you allow a minimum of seven working days. The new account provider transfers any existing balance and all existing payment arrangements for you — including those going out for example Direct Debits and standing orders , those coming in for example, your salary and payees you already have set up. We will arrange for payments accidentally made to your old account to be automatically redirected to your new account.